The Federal Reserve is anticipated to maintain current interest rates this week, with Jerome H. Powell presiding over what is likely his final meeting as chair, indicating no immediate rate cuts.

O juiz federal James Boasberg invocou a falta de provas contra o presidente da Reserva Federal, Jerome H. Powell, e sugeriu que as intimações tinham como objectivo pressioná-lo.

Jerome H. Powell, the Fed chair, wants to keep the central bank’s policy options open as officials stare down another economic shock that threatens to stoke inflation and crimp growth.

The Federal Reserve is asking a court to throw out subpoenas issued as part of the Justice Department’s inquiry into Fed Chair Jerome H. Powell.

Jerome H. Powell stated he will continue as Federal Reserve Chair until his successor is confirmed and will not leave the Fed until a criminal investigation into his handling of renovations is concluded.