A desire for low rates confronts a very different economic backdrop—with higher price pressures—from his first term.
Fielding a range of questions about the imprint of the Trump administration on the U.S. central bank, Federal Reserve Chair Jerome Powell on Wednesday said that politics had not prompted the Fed's decision to leave a global climate-focused group,
Federal Reserve Chair Jerome Powell reaffirmed the central banks independence on Wednesday, emphasizing that politics will not influence interest rate decisions or the Feds recent withdrawal from a global
President Donald Trump renewed his complaints with the Federal Reserve after it left its benchmark interest rate unchanged.
Central banks should be apolitical, not unaccountable. Monetary technocrats should serve the People.
The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.
The FBI director, IRS commissioner and vice chair of the Federal Reserve, all criticized by Republicans, have opted to resign instead of staying in their jobs, which have terms designed to straddle presidential administrations.
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.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals.
At the Fed’s next rate decision Trump wants a cut, there’s a tariffs and deportation standoff with Colombia, and more news to start your day.
Donald Trump’s return to the White House is overshadowing the Federal Reserve’s meeting this week, as policymakers begin to grapple with the way the president’s policies on trade, immigration
Senator Elizabeth Warren has slammed the Federal Reserve for allowing U.S. banks to break rules designed to prevent another financial crisis and avoid huge taxpayer bailouts.