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The Trump administration has unleashed a barrage of attacks on the Federal Reserve, including a criminal investigation into its chair, Jerome H. Powell.
Trump’s Political Drama With Powell Overshadows Fed Rate Decision Read More »
The Federal Reserve is expected to hold interest rates steady on Wednesday, despite relentless attacks from President Trump over borrowing costs.
Fed, Signaling Little Urgency, Prepares to Pause on Rate Cuts Read More »
The defense comes after Jerome Powell pushed back on what he described as pressure by the Trump administration to cut interest rates in the United States.
Global Central Bankers Rally Around Fed Chair Powell Amid Criminal Investigation Read More »
Former Federal Reserve chiefs, Republican senators and — perhaps most important, many bond investors — raised concerns about an investigation into the bank’s leader.
White House officials have explored a vast array of ideas as the president looks to unfurl a housing affordability plan at an economic conference this month.
Facing Political Pressure, Trump Seeks Answer to Rising Housing Costs Read More »
The Justice Department’s decision to open up a criminal investigation of Jerome H. Powell, the chair of the Federal Reserve, is a major escalation in the pressure campaign against the central bank to cut interest rates.
Fed Changes Course and Takes On Trump’s Political Fight Read More »
For the central bank to lower interest rates again, officials will likely need to see more notable signs that unemployment is rising.
Fed Keeps Close Eye on Labor Market as It Assesses Further Cuts Read More »
Britain’s central bank reduced interest rates to 3.75 percent, a move that was welcomed by the government, which has been looking to lower the high cost of living.
Interest Rate Cut and Slower Inflation Offer Britons a Reprieve Read More »
President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.
Trump Gets to Pick a New Fed Chair but a Divided Board Still Gets a Say Read More »
The central bank’s decision to lower interest rates for a third straight meeting was highly contentious, reflecting an internal divide that will likely limit how much borrowing costs will fall next year.
The Fed Cut Rates Again but Deep Divisions Cloud Path Ahead Read More »
