Trump official criticizes Fed chief Powell
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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.
U.S. President Donald Trump's fresh tariff announcements make it "messy" to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that is not yet obvious in the data.
Here’s how President Trump can take on the Fed’s refusal to cut rates: Have the Treasury issue bonds in gold, providing a simple metric to show if the dollar’s value is being undermined or maintained.
The Federal Reserve on Thursday proposed tweaks to how it evaluates large banks by making it easier for them to be considered "well managed," removing a hurdle for potential acquisitions and other restrictions.
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Economists will be reading the minutes of the Federal Reserve’s June meeting to get a sense of what might have to happen in order for the central bank to cut interest rates in September.
The latest round of tariff threats from President Trump could spark fresh concerns about inflation, which might force the Federal Reserve to maintain its wait-and-see posture on interest-rate cuts, sa
U.S. president Donald Trump has helped spur the crypto market higher, pointing to its success as why the Federal Reserve should “rapidly” lower interest