Federal Reserve Chair Jerome Powell said at an event that policymakers aren't in a rush to reach a "neutral" level for interest rates and will respond to economic data as it comes in.

Federal Reserve Chairman Jerome Powell damped market expectations of quick interest rate cuts by citing the resilience of the economy and the need to adopt a measured approach.

During his first term as president, Donald Trump considered firing Federal Reserve Chair Jerome Powell. He backed off then. Would Trump try again in a second term? Trump believes the president "should have a say in rates policy,