Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates.

Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates.

The Fed unveiled a strategy five years ago for worries that the economy outgrew. Now, it will formally reset.

U.S. stock market futures were mixed Friday ahead of a pivotal speech from Fed Chair Jerome Powell in which the central bank chief will set out his views on where to take interest rates. Dow Jones Industrial Average futures rose 60 points,

PHILIPPINE SHARES may rise slightly when the market reopens on Friday as investors reposition before the US Federal Reserve Chair Jerome H. Powell’s speech at their annual gathering and the Bangko Sentral ng Pilipinas’ (BSP) policy meeting next week,