Federal Reserve Chair Jerome Powell on May 7 said "the economy is doing fine" during a news conference after the Federal Open Market Committee announced it would keep its key rate steady at 4.25% to 4.5%.

Federal Reserve Chair Jerome Powell reiterated the need for a wait-and-see approach during a press conference following the committee's policy announcement.

President Trump's wish for a rate cut may be looking more realistic as economic uncertainty clears—but it still won't be happening any time soon.

Fed Chair Jerome Powell acknowledged that the contraction in the U.S. economy in the first quarter was notable, but ultimately didn’t indicate that it was enough of a concern to push policymakers to cut rates.

History suggests that President Donald Trump's new "Too Late" nickname for Fed Chair Jerome Powell has a strong chance of coming true. Fed leaders have been criticized as slow to act absent compelling data showing them something needs to be done.

Federal Reserve Chair Jerome Powell made clear he won’t be rushed into lowering borrowing costs until there’s more certainty on the direction of trade policy, which will have to come from the White House.