The Federal Open Market Committee’s latest policy statement on Wednesday pointed to stubborn inflation readings and an economy hardly in need of rescuing as support for officials’ decision to ...
"It's still a very strong Trump news cycle. The last thing Powell wants to do is to kind of paint a target on the Fed" by suggesting in any way that interest-rate policy "could interfere with the ...
"Expect Powell to vociferously defend the Fed's independence." While the Fed will take no official action on Wednesday, "we expect Powell will signal that rate cuts are more likely than not in ...
“If I disagree, I will let it be known," he said. Trump had appointed Powell as the US Fed chairman during his first stint as the US President in the 2016-2020 term. The US Federal Reserve ...
The Federal Reserve’s first policy meeting of 2025 may throw a wrench into the stock-market rally this week just as investors worry President Donald Trump’s policies could complicate the ...
Powell's term as chair ends in May 2026, when Trump can name a replacement.Until then, Trump's comments Thursday suggest he expects to regularly second-guess the Fed in public, despite a decades ...
The meeting, held over two days (January 28–29), will conclude with Fed Chair Jerome Powell announcing the decision at 2 p.m. ET today. Powell’s press conference will be closely watched for ...
Whether the Fed is paying attention will be displayed this week when it holds its January FOMC meeting, and Jay Powell will hold a press conference. At this point, the Fed would be foolish to ...
By Colby Smith Reporting from Washington At the Federal Reserve’s final gathering of 2024, Chair Jerome H. Powell announced that the U.S. central bank was embarking on a “new phase” in how ...