Fed chair Jerome Powell calls out Donald Trump
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Donald Trump, Federal Reserve and interest rates
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a Fed tour sparked unexpected Trump praise for Powell
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It was not a flattering moment for a president who routinely makes up figures but who is rarely fact-checked by his appointees on camera.
The Fed has held its benchmark interest rate between 4.25% and 4.5% this year, though officials have penciled in two cuts by year-end.
The Federal Reserve hasn’t seen two governors break ranks with the board since 1993. It could happen at this month’s FOMC meeting.
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Required to take a 2025 required minimum distribution, but don’t need the funds? Consider taking it now and stashing it in a 4.60% CD before the Fed cuts rates this fall.
Intel offers rosy outlook, railroad megamerger talks are on, UnitedHealth suffers another blow, and more news to start your day.
The Federal Reserve is meant to operate independently from politics in order to stay true to its congressionally mandated mission to maintain price stability and maximum employment. But President
The U.S. dollar advanced on Friday, bolstered by solid economic data that suggested the Federal Reserve was justified in taking a patient approach to cutting interest rates, while tariff negotiations showed more clarity.