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A U.S. Supreme Court May 22 ruling in a legal battle over President Donald Trump's firing of two federal labor board members ...
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On Friday, Moody’s ratings agency lowered the U.S. government’s credit rating one notch amid mounting concerns over deficits ...
Donald Trump is once again putting pressure on the head of the American central bank. He has been criticizing Jerome Powell ...
As the chart below shows, the likelihood of a reduction in interest rate, as measured by the 30-day Fed Funds futures, is now at 20.2%. This is up from the 17.4% after the last meeting.
As expected, the Fed left interest rates unchanged yesterday ... Powell also stressed in the press conference that they now need to pay attention to both variables, unlike in previous years.
Despite President Trump’s calls for lower interest rates, the Federal Reserve left its benchmark rate unchanged, warning of higher unemployment and higher inflation because of tariffs.
For now, Powell said, the economy is in good shape and inflation is gradually drifting down toward the Fed’s 2% goal. “I don’t think we can say which way this will shake out,” he said. The upshot, ...
Tariff turmoil and a shaky economy demand action. The Fed must cut interest on reserves and revive a gold-linked dollar to help our vulnerable economy. Read Full Article » ...
For now, the Fed is standing pat as the institution — and the rest of the country — waits to see how tariffs feed into the economy. “There are cases in which it would be appropriate for us ...
in addition to the Fed now, agree there’s a real risk of stagflation. Powell refused to directly answer questions related to Trump or his recent attacks. Stagflation bedeviled the Fed in the ...