Federal Reserve leaves interest rates unchanged even as Trump demands cuts
The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut.
Federal Reserve Chair Jerome Powell
Powell defends Federal Reserve in Princeton speech amid onslaught of attacks from Trump
Federal Reserve Chair Jerome Powell defended the central bank’s response to the COVID-19 pandemic Sunday in a Princeton University speech in which he also praised government employees and U.S. universities, both of which have been targeted by the Trump administration.
Trump suggests he can remove Fed Chair Powell, saying he’s ‘not happy’ with him over interest rates
President Donald Trump attacked Federal Reserve Chair Jerome Powell on Thursday for not cutting interest rates and said he could fire him if he wanted to, renewing a threat from his first term that could cause a major legal showdown over the issue of the central bank’s longstanding political independence.
Powell says Federal Reserve can wait on any interest rate moves
The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday.
Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth for the U.S. economy, Federal Reserve Chair Jerome Powell said Friday.
Fed chair says bank accounts ‘safe’ despite Trump’s teardown of consumer protection agency
Americans’ bank accounts are safe despite the Trump administration’s shutdown of a consumer financial regulatory agency, Federal Reserve Chair Jerome Powell said Tuesday.
