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Trump Wants a 3-Point Fed Rate Decrease. But You Can't Always Get What You Want.
The right to freedom of speech allows Trump to make demands of the Fed to his heart's content. But legally, he cannot compel the central bank to lower its benchmark interest rate. The Fed has the right to act independently, and its aim is to promote a healthy and stable economy by keeping inflation in check.
The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
Federal Reserve Chair Jay Powell has reiterated that rate decisions will be data-driven — by inflation, and employment.
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting ...
The U.S. economy added 147,000 jobs in June, beating analyst expectations, the Bureau of Labor Statistics reported.
Trump administration official Bill Pulte released a statement suggesting that Fed Chair Jerome Powell is considering ...
Fed Chair Jerome Powell has sketched out new conditions that could trigger rate cuts by summer’s end, but inflation remains a ...
Strategists at RBC Capital Markets have pushed back their expected timing for when the Federal Reserve might begin cutting interest rates, citing a few things that need to be in place before the ...
Policy is rightly locked on hold over the near-term in part because the uncertainty surrounding the Trump administration’s ...
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