14 h. ago Federal Reserve chair defends holding interest rates after fresh Trump attacks

Jerome Powell says central bank is waiting to see tariffs’ impact on US prices as president claims ‘incompetence’The Federal Reserve is well placed to wait and see how tariffs affect US prices before cutting interest rates, its chair, Jerome Powell, insisted, defying renewed demands from Donald Trump.The US president has disregarded the central bank’s longstanding independence to repeatedly call for rate cuts to spur economic growth and launch a series of personal attacks on Powell. Continue reading...

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6 d. ago Federal Reserve holds interest rates, defying Trump’s demand to lower them

Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate holdThe US Federal Reserve kept interest rates on hold, but signaled it might make two cuts this year, as Donald Trump continues to break with precedent and demand lower rates.Policymakers at the American central bank lifted their projections for inflation this year, as the US president stands by his controversial tariff plans, and downgraded their estimates for economic growth. Continue reading...

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7 d. ago 'Purgatory:' Fed officials left in limbo as tariffs complicate this week's rate decision

The U.S. economy is mostly in good shape but that isn’t saving Federal Reserve chair Jerome Powell from a spell of angst

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1 week ago Trump says he may ‘have to force something’ on interest rates

President calls Federal Reserve chair Jay Powell a ‘numbskull’ for not reducing borrowing costs

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1 week ago Trump says he may ‘have to force’ interest rate change in attack on Powell

President calls Federal Reserve chair a ‘numbskull’ for not reducing US borrowing costs

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3 w. ago Federal Reserve issues rare statement asserting independence amid Trump pressure

Central bank emphasizes nonpartisan role in brief memo after chair Jerome Powell meets with US presidentCan Trump fire Federal Reserve chair Jerome Powell?The Federal Reserve issued a rare, strongly worded statement on Thursday after chair Jerome Powell spoke with Donald Trump at the White House Thursday morning, holding firm on the central bank’s independence amid pressure from Trump to lower interest rates.The three-paragraph statement emphasized the Fed’s independent, nonpartisan role in setting monetary policy based on economic data. Continue reading...

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4 w. ago ‘Whatever it takes,’ Fed chair defends universities, calls on Princeton students to save democracy in Trump swipe

President Donald Trump has been insulting Federal Reserve Chair Jerome Powell for weeks because the national banking head won’t lower interest rates

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