Fed's Powell sticks with patient approach to rate cuts, brushing off Trump's demands
Read full article: Fed's Powell sticks with patient approach to rate cuts, brushing off Trump's demandsThe Federal Reserve is leaving its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut.
Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump
Read full article: Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and TrumpThe Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide between how Chair Jerome Powell and President Donald Trump see the economy.
Federal Reserve's Waller says central bank should cut rates at next meeting
Read full article: Federal Reserve's Waller says central bank should cut rates at next meetingA top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.
As Trump ramps up attacks on the Federal Reserve, Chair Powell refuses to change course
Read full article: As Trump ramps up attacks on the Federal Reserve, Chair Powell refuses to change courseFederal Reserve Chair Jerome Powell is sticking to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, defying the steady stream of criticism from the White House, which wants lower borrowing costs.
Big banks all pass the Federal Reserve's stress tests, but the tests were less vigorous this year
Read full article: Big banks all pass the Federal Reserve's stress tests, but the tests were less vigorous this yearThe Federal Reserve said all major banks passed this year’s stress tests, showing they can withstand a hypothetical severe economic downturn.
US Fed governor opens door to half-point rate hike in March
Read full article: US Fed governor opens door to half-point rate hike in MarchFederal Reserve Governor Michelle Bowman says she's open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.