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Jerome Powell said the Federal Reserve can wait to see which effect from Trump's tariffs is worse - high inflation or a weak economy.
After a two-day meeting of its monetary policy committee in Washington, the Federal Reserve announced it would hold its rate target at 4.25% to 4.50%.
The Federal Reserve lending rate remained unchanged amid economic uncertainty caused by the Trump administration's tariffs.
President Donald Trump could be setting up Fed Chair Jerome Powell as a 'scapegoat' if a recession hits, according to an MSU ...
The Fed’s decision to keep rates unchanged still has far-reaching implications for almost all forms of borrowing as well as the returns on a savings account.
The Federal Reserve on Wednesday remained in a holding pattern on interest rates, while warning about more uncertainty in the ...
The two men have had a fraught history since the president first elevated Powell to Fed chair. Federal Reserve Chair Jerome ...
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