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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 latest round of tariff threats from President Trump could spark fresh concerns about inflation, which might force the ...
The minutes reveal more closely the behind closed doors thinking between the U.S.’ top policymakers with the Fed under barrage from the White House.
While generally saying the labor market remains solid and inflation elevated but showing progress toward the Fed’s 2% annual ...
Minutes from the Fed’s June policy meeting tease at a looming split over whether and when officials will resume rate cuts.
Fed Chair Jerome Powell defends the interest rate pause amid concerns about tariff-driven inflation. Here’s what this means ...
Austan Goolsbee doesn't think that stagflation is possible in the near term, despite rising geopolitical conflicts and ...
President Donald Trump is escalating his pressure campaign to get the Federal Reserve chairman to either lower interest rates ...
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