President Donald Trump has called out the Federal Reserve in recent weeks, urging the central bank to continue cutting interest rates. But Chair Jerome Powell said Wednesday that he hasn’t had any contact with the president and declined to comment on any of Trump’s remarks.
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
Federal Reserve Chair Jerome Powell is holding a press conference Wednesday afternoon, the first since President Trump began his second term. Powell, who is expected to serve out the rest of his
The US Fed held rates steady, reaffirming its independence despite President Donald Trump’s demands for cuts. Fed Chair Jerome Powell dismissed political pressure, while Trump accused the Fed of failing to control inflation.
A desire for low rates confronts a very different economic backdrop—with higher price pressures—from his first term.
Investors today will be listening to how Fed Chair Jerome Powell addresses the potential effect that President Donald Trump could have on the future path of monetary policy.
Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
The Federal Reserve held interest rates steady Wednesday as policymakers weigh the direction of inflation and the potential effect of economic policies expected from the new Trump administration.
President Donald Trump is renewing his old attacks on the Federal Reserve and its chair, Jerome Powell, after the independent body voted to hold interest rates steady in its first rate decision of the year.
The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.
Bitcoin and crypto traders are braced for the Federal Reserve's latest interest rate decision after U.S. president Donald Trump called for rates to come down