On the other hand, inflation is still moderately above the Fed’s 2% goal, with Trump’s import duties set to propel prices higher. Normally, a vibrant economy and job market push up inflation ...

Fed Chairman Jerome Powell will talk to reporters Wednesday as Trump deems him a “major loser” and a ... More “total stiff.” The Fed’s rate-setting Federal Open Market Committee released ...

Donald Trump is no Nixon. For Fed watchers, that message seemed to hit home last week, when Trump abruptly backed off his sharp attacks on Fed Chair Jerome H. Powell, after his social media posts ...

Fed's concern is above-target inflation that may worsen due to tariffs U.S. economy shrank last quarter, consumer spending slowed Traders expect an interest rate cut in June April 30 (Reuters ...

The cases are being watched as potential proxies for whether Trump has the authority to fire Fed officials, particularly after his recent criticism of Powell shook financial markets and fueled ...

The Fed, which manages the nation's monetary policy with the goal of keeping inflation and unemployment in check, may find itself in a bind if it has to choose between lowering interest rates to ...

Rates have been there since December after a series of cuts in the second half of 2024. The Fed gathered at a highly volatile moment for the economy and the global financial system amid an ...

However, the timing for this has become highly uncertain, owing to the tariff shock. Fed Chair Jerome Powell is not one to speculate, and he held an especially reticent press conference after the ...

President Trump once again went after the Federal Reserve on Tuesday, saying at a rally in Michigan that "I have a Fed person who is not really doing a good job." It was an apparent reference to ...

Fed policymakers expect the tariffs to increase both inflation and unemployment, although to what degree and for how long is unclear. The economic data in hand so far does not suggest the economy ...

President Donald Trump has called for the Fed to cut rates, but the central bank is in a tough spot. One-year inflation expectations are surging, while data doesn't yet indicate a cut is needed.

Trump called Fed Chair Jerome Powell a "major loser" in a Truth Social post last month. Deutsche Bank said in a note on Monday that its US economists "expect the Fed to keep rates steady and avoid ...