US inflation held steady as mild tariff hit offset by cheaper gas, food
Americans are likely to absorb more trade-war costs in the coming months as Trump begins to finalize tariffs.
Federal Reserve Bank
Articles
A top Federal Reserve official says dour jobs data backs case for 3 rate cuts
The jobs report that arrived last week, only a couple of days after the Fed voted on interest rates, showed that employers hired far fewer workers last month than economists expected.
Trump calls on the Federal Reserve board to take full control of central bank from Powell
Fed Chair Jerome Powell has held the benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact President Trump’s massive tariffs had on inflation.
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
The choice to hold off on a rate cut will almost certainly result in further conflict between the Fed and White House, as Trump has repeatedly demanded that the central bank reduce borrowing costs.
Fed likely to stand pat on rates this week, deepening gulf between Powell and Trump
President Trump argues that the Federal Reserve in general and Chair Jerome Powell in particular are costing U.S. taxpayers hundreds of billions of dollars in interest payments by not reducing borrowing costs.
Republican senators caution Trump against firing Fed chair Jerome Powell
Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear the repercussions if President Donald Trump follows through with threats to try and remove the politically independent central banker.
UPDATE: Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating idea in private
President Trump made the statement less than 24 hours after suggesting in a private meeting that he was leaning in favor of dismissing the head of the nation’s central bank.
Powell says Fed rate cut on hold even as Trump demands cuts
The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday.
Federal Reserve’s Bowman says rate cut should be on table in July
Michelle Bowman, who was appointed to the Fed’s board of governors by Donald Trump in 2018, is the second high-profile official to express support for a potential July cut in as many days.
Federal Reserve leaves key rate unchanged as it sees risk of inflation, higher unemployment
Many economists and Wall Street investors still expect the Fed will reduce rates two or three times this year.
Federal Reserve likely to ignore Trump, keep rates unchanged this week
President Trump and Treasury Secretary Scott Bessent have said that inflation has steadily cooled and high borrowing costs are no longer needed to restrain price increases.
Trump says he has ‘no intention’ of firing Federal Reserve chief
The remarks marked a notable shift in tone from just a day earlier, when President Trump referred to Federal Reserve Chair Jerome H. Powell as a “major loser” on his social media platform, Truth Social.
Trump blasts Fed chair Powell and looks forward to his ‘termination’
The message, posted early Thursday, came one day after Fed Chair Jerome Powell warned that the administration’s trade war was “highly likely” to spur a temporary rise in inflation.
Powell says Fed can wait on any interest rate moves
Federal Reserve Chair Jerome Powell quoted Ferris Bueller during a speech about policy changes to the Economic Club of Chicago on Wednesday.
Federal Reserve chief says tariffs likely to raise inflation, slow economic growth
Federal Reserve Chair Jerome Powell’s focus on inflation suggests that the Fed will likely keep its benchmark interest rate unchanged at about 4.3% in the coming months.
Fed keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead
The Federal Reserve has again kept its interest rate at about 4.3%, as the central bank evaluates the impact of the Trump administration’s policies on the economy.
Powell: Fed to stay on hold amid widespread economic uncertainty
Federal Reserve Chair Jerome Powell said the economy remains mostly healthy despite “elevated uncertainty.”
Powell says Fed ‘well positioned’ for ‘risks and uncertainties’ that lie ahead
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday.
Federal Reserve holds rates steady, sees inflation as ‘elevated’
The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed.
Federal Reserve expected to stand pat on rates even as Trump demands cuts
Fed officials have clearly signaled they expect to skip a rate hike, at least in January, to evaluate the job market and economy.