Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions ...
Trump again switched positions on the Fed, indicating in a social media post Wednesday that interest rates need to come down.
The consumer price index rose 3% on the year in January 2025. Economists worry that broad disinflation is over, even as tariffs loom.
Jerome Powell was quickly thrust into the partisan turmoil surrounding Trump's executive orders and the efforts of Elon Musk.
Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates.
The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.
The White House also plans to nominate Jonathan Gould as head of the OCC, and Brian Quintenz as chairman of the Commodity ...
The White House plans to nominate Jonathan McKernan, a former member of the Federal Deposit Insurance Corporation, as ...
House Financial Services Committee Ranking Member Rep. Maxine Waters, a Democrat from California, urged Federal Reserve Chair ...
Federal Reserve Chair Jerome Powell reassured Americans that bank accounts are safe despite the Trump administration's shutdown of the Consumer Financial Protection Bureau.
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