Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
1 week ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell said that “it remains seen how these developments affect future spending and investment.” The Fed’s key borrowing rate remains in the 4.25% to 4.5% range. “The Fed would be MUCH better off CUTTING RATES as U.S.Tariffs start to transition their way into the economy,” Trump wrote on Truth Social, calling April 2, when reciprocal tariffs are expected to go into effect, “Liberation Day in America.” Earlier this month, Powell said officials will be guided by what economic statistics ultimately show, not what forecasts predict. In 2018 during Trump’s first trade war, rising inflation expectations was a key factor that Fed officials pointed to that would force them consider hiking interest rates, according to a declassified document detailing policy alternatives, known as the “teal book.” Powell said that he still believes that long-term inflation expectations “are mostly well-anchored,” pointing to survey data from the New York Fed.

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History of this topic

Trump urges Fed to cut rates as tariffs bring uncertainty
5 days, 6 hours ago

Trump urges Fed to cut rates as tariffs bring uncertainty

China Daily  

Traders work as a screen broadcasts a news conference by US Federal Reserve Chair Jerome Powell, on the floor of the New York Stock Exchange in New York City on Wednesday. BRENDAN MCDERMID/REUTERS WASHINGTON — US President Donald Trump urged the Federal Reserve on Wednesday to cut interest rates to help offset the effects of his tariffs, renewing his vocal …

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold
Trending News
6 days ago

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold

Associated Press  

LONDON — The Bank of England kept its main U.K. interest rate unchanged at 4.50% on Thursday even though the economy is barely growing and the nation faces more uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. The decision by the nine-member Monetary Policy Committee was widely expected, and comes a day …

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
6 days, 2 hours ago

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

The Hindu  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Powell acknowledged that the Fed initially thought inflation coming out of the pandemic would be temporary, which led it to delay raising rates to combat higher prices. "We’re going to …

Donald Trump splits from central bank officials on rate cut, says Federal Reserve ‘MUCH better off…’
6 days, 3 hours ago

Donald Trump splits from central bank officials on rate cut, says Federal Reserve ‘MUCH better off…’

Live Mint  

United States President Donald Trump on March 20 has urged the US Federal Reserve to cut rates. Donald Trump's Tariffs v Jerome Powell's Impact Watch Donald Trump's opinion comes after Federal Reserve Chair Jerome Powell on March 19 announced the central bank's second monetary policy decision, following a two-day Federal Open Market Committee meeting. Powell said the Fed voted to …

Trump issues bombshell demand to Federal Reserve in effort to send economy soaring as 'Liberation Day' tariffs loom
6 days, 3 hours ago

Trump issues bombshell demand to Federal Reserve in effort to send economy soaring as 'Liberation Day' tariffs loom

Daily Mail  

Donald Trump demanded the Federal Reserve 'do the right thing' and cut interest rates after Chair Jerome Powell said they were going to hold steady. Donald Trump demanded the Federal Reserve 'do the right thing' and cut interest rates after Chair Jerome Powell said they were going to hold steady The president believes that they will help ease the transition …

Fed projections show economy radically changed by Trump’s election
6 days, 5 hours ago

Fed projections show economy radically changed by Trump’s election

Live Mint  

The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. “We now have inflation coming in from an exogenous source, but the underlying inflationary picture before that was basically 2½% inflation, 2% …

Sensex, Nifty opening today: Will market react to US Fed interest rate decision?
6 days, 6 hours ago

Sensex, Nifty opening today: Will market react to US Fed interest rate decision?

India Today  

Sensex and Nifty are set to open higher on Thursday, continuing their positive momentum for the fourth straight session. The market is expected to react to the US Federal Reserve’s decision to keep interest rates unchanged while maintaining its projection for rate cuts later this year. The US Federal Reserve has decided to keep interest rates steady, maintaining its benchmark …

Bloomberg Surveillance: Trump and the Fed
6 days, 6 hours ago

Bloomberg Surveillance: Trump and the Fed

Bloomberg  

Browse all episodes Bloomberg Surveillance: Trump and the Fed Bloomberg Surveillance Trump and the Fed Arrow Right 37:30 Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney March 20th, 2025 Featuring: 1) Julian Emanuel, Chief Equity and Quantitative Strategist at Evercore ISI, offers his reaction to the Fed meeting yesterday …

US Fed keeps interest rates unchanged: Key takeaways from the meeting
6 days, 6 hours ago

US Fed keeps interest rates unchanged: Key takeaways from the meeting

India Today  

The US Federal Reserve has decided to keep interest rates steady, maintaining its benchmark rate in the range of 4.25-4.50%. Here are the key takeaways from the meeting: INTEREST RATES UNCHANGED The Federal Open Market Committee voted to keep interest rates unchanged. The Fed had previously signalled that it could consider rate cuts in 2025, but policymakers are closely watching …

Trump pushes for interest rate cut to "ease" effect of tariffs
6 days, 6 hours ago

Trump pushes for interest rate cut to "ease" effect of tariffs

Salon  

Donald Trump wants the Federal Reserve to lower interest rates before the economy feels the effects of his sweeping tariffs. The president's comments came after Fed Chair Jerome Powell announced Wednesday that rates would remain steady amid an "unusually elevated" uncertainty surrounding the on-and-off tariffs. “We think the right thing to do is to wait here for greater clarity about …

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Trending News
6 days, 10 hours ago

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Hindustan Times  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged The Fed also now expects the economy to grow more slowly this year and next than …

Federal Reserve keeps interest rate unchanged, sees slower growth and higher inflation
6 days, 11 hours ago

Federal Reserve keeps interest rate unchanged, sees slower growth and higher inflation

Firstpost  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though it said the outlook is more uncertain US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on Wednesday. AFP The Federal Reserve kept …

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged
1 week ago

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged

Associated Press  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. I do think with the arrival of the tariff inflation, further progress may be delayed.” On his Truth Social platform late Wednesday, Trump posted: “The Fed would be …

US Fed expected to sit tight as Trump tariff fears buffet markets
1 week ago

US Fed expected to sit tight as Trump tariff fears buffet markets

Raw Story  

by Daniel AVIS The US Federal Reserve is widely expected to extend its rate cut pause on Wednesday as it seeks to chart a path through the economic turbulence unleashed by President Donald Trump's on-again, off- again approach to tariffs. Many analysts fear Trump's tariffs, civil service job cuts, and immigration plans could push up inflation and hamper economic growth, …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
1 week ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

"Progress may be delayed": Powell blames stubborn inflation on Trump tariffs
1 week ago

"Progress may be delayed": Powell blames stubborn inflation on Trump tariffs

Salon  

Federal Reserve Chair Jerome Powell blamed President Donald Trump's chaotic raft of tariffs for the slow progress of the central bank's fight against inflation on Wednesday. While defending the decision, Powell noted the "unusually elevated" uncertainty around the U.S. economy in the early months of Trump's presidency. “With the arrival of the tariff inflation, further progress may be delayed,” Powell …

US Fed likely to keep rates steady as Trump uncertainty flares
1 week, 2 days ago

US Fed likely to keep rates steady as Trump uncertainty flares

Raw Story  

The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this week, treading carefully amid uncertainty over President Donald Trump's economic policies, which include spending cuts and sweeping tariffs. "Recent Fed commentary has reinforced a wait-and-see approach, with officials signaling little urgency to adjust policy as they assess the economic impact of recent policy …

Powell says Fed marking time to see economic impact of Trump policies
Trending News
2 weeks, 4 days ago

Powell says Fed marking time to see economic impact of Trump policies

Live Mint  

March 7 - The U.S. central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve Chair Jerome Powell said at an economic forum in New York City on Friday. MARKET REACTION: STOCKS: The S&P 500 pared a loss and …

Fed Chair Powell says interest rates on hold with economic uncertainty widespread
2 weeks, 4 days ago

Fed Chair Powell says interest rates on hold with economic uncertainty widespread

Associated Press  

NEW YORK — The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump’s policies to resolve, Chair Jerome Powell said Friday at a conference in New York. Powell said the Trump administration is making policy changes in several areas, including trade, taxes, government …

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos
2 weeks, 5 days ago

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos

CNN  

Washington CNN — America is feeling uneasy about the Trump administration’s rapid-fire trade policy changes, but Federal Reserve Chair Jerome Powell said Friday he’s not worried. Factoring in Trump’s uncertainty Fed policymakers manage uncertainty by trying to predict the different ways the economy could evolve in the coming months, based on economic models using a vast array of data. “I’d …

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos
Trending News
2 weeks, 5 days ago

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos

CNN  

Washington CNN — America is feeling uneasy about the Trump administration’s rapid-fire trade policy changes, but Federal Reserve Chair Jerome Powell said Friday he’s not worried. America’s souring economic mood comes at a time when the US economy has shown early signs of slowing, but also of stubbornly elevated inflation — a toxic combination sometimes referred to as stagflation. Factoring …

US Fed Meeting Minutes: Officials signal caution on interest rate amid inflation concerns
Trending News
1 month ago

US Fed Meeting Minutes: Officials signal caution on interest rate amid inflation concerns

Live Mint  

US Federal Reserve officials remain cautious about adjusting interest rates, emphasizing the need for further progress on inflation before making any changes, minutes from the Federal Open Market Committee’s January 28-29 meeting showed, according to a Bloomberg report. “Participants indicated that, provided the economy remained near maximum employment, they would want to see further progress on inflation before making additional …

Federal Reserve officials see risks of higher inflation ahead, support pause in rate cuts
1 month ago

Federal Reserve officials see risks of higher inflation ahead, support pause in rate cuts

Associated Press  

WASHINGTON — Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged. According to minutes of the Jan. 28-29 meeting, which were released Wednesday, Fed officials said that President Donald Trump’s proposed tariffs and mass deportations of migrants, as well as strong consumer spending, …

Fed’s Harker supports steady interest rate policy stance for now
1 month, 1 week ago

Fed’s Harker supports steady interest rate policy stance for now

Live Mint  

By Michael S. Derby NEW YORK, Feb 17 - Federal Reserve Bank of Philadelphia President Patrick Harker sounded an upbeat note on the state of the U.S. economy on Monday, and said he saw no reason to change interest rate policy right now as the central bank continued to work to lower inflation levels. Inflation remains elevated but appears on …

Markets scale back US Fed rate cut bets for 2025 amid inflation uncertainty
1 month, 1 week ago

Markets scale back US Fed rate cut bets for 2025 amid inflation uncertainty

Live Mint  

Market expectations of multiple rate cuts from the US Federal Reserve this year have weakened after US consumer prices rose more than expected in January, increasing the likelihood that the central bank will keep interest rates higher for longer. Policymakers are closely watching White House trade policy, with President Donald Trump pushing aggressive tariffs that also could boost prices and …

The latest inflation report shows that high prices are Trump’s major economic challenge
1 month, 1 week ago

The latest inflation report shows that high prices are Trump’s major economic challenge

Associated Press  

WASHINGTON — As a candidate last year, Donald Trump suggested he could easily conquer inflation and ease voters’ fears about the economy. We’re going to knock the hell out of inflation.” Wednesday’s consumer price index report showed that inflation is punching back — and President Trump could end up facing the same challenges that dragged down his predecessor, President Joe …

The latest inflation report shows that high prices are Trump's major economic challenge
1 month, 1 week ago

The latest inflation report shows that high prices are Trump's major economic challenge

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. We’re going to knock the hell out of inflation.” …

Trump demands interest rates to be cut even after inflation hit a seven-month high
Trending News
1 month, 1 week ago

Trump demands interest rates to be cut even after inflation hit a seven-month high

Daily Mail  

Donald Trump called for interest rates in the US to be cut last night even after inflation hit a seven-month high. Closely-watched figures showed that inflation in the world’s biggest economy rose from 2.9 per cent in December to 3 per cent in January – their highest level since June. Costs crunch: Donald Trump called for interest rates in the …

Powell says Trump’s comments won’t affect interest rate decisions by the Fed
Trending News
1 month, 1 week ago

Powell says Trump’s comments won’t affect interest rate decisions by the Fed

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions. !” Yet Powell indicated during a press conference last month that the Fed, after cutting its key rate three times late last year, would hold off on further cuts as it waited …

US inflation tops forecasts, dimming chances for Federal Reserve rate cuts
1 month, 1 week ago

US inflation tops forecasts, dimming chances for Federal Reserve rate cuts

Hindustan Times  

Underlying US inflation last month rose by the most since March, diminishing chances the Federal Reserve will lower interest rates anytime soon. The so-called core consumer price index — which excludes food and energy costs — increased 0.4% in January after a 0.2% advance in December, Bureau of Labor Statistics figures showed Wednesday. Wednesday’s report serves as further evidence that …

Market tanks over hot inflation report as Trump demands interest rate cut
1 month, 1 week ago

Market tanks over hot inflation report as Trump demands interest rate cut

Daily Mail  

Trump's first inflation report since beginning his second term shows prices have risen more than expected. It comes as Federal Reserve Chair Jerome Powell told Senators yesterday that the Fed would not rush cutting interest rates as it continues its battle to tame inflation. Stocks took a hit in pre-market trading with the S&P 500 down more than one percent …

U.S. inflation fight to take time in 'highly uncertain' environment: Fed official
1 month, 1 week ago

U.S. inflation fight to take time in 'highly uncertain' environment: Fed official

Raw Story  

The U.S. Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday. "From where we are now, a number of signs indicate that inflation will continue to move toward our two percent longer-run goal," added Williams, a permanent voting …

‘US Fed ‘well positioned’ for risks amid Trump tariffs’: Jerome Powell reiterates ‘go-slow’ approach on rate cuts
1 month, 2 weeks ago

‘US Fed ‘well positioned’ for risks amid Trump tariffs’: Jerome Powell reiterates ‘go-slow’ approach on rate cuts

Live Mint  

US Federal Reserve Chair Jerome Powell reaffirmed the central bank’s cautious stance on interest rates during his testimony before Congress on Tuesday, stating that inflation remains elevated while the job market remains strong. Higher interest rates could prolong elevated mortgage rates and borrowing costs, though long-term Treasury yields, which influence mortgage rates, move independently of Fed decisions. Impact of Trump …

Jerome Powell says Fed 'well positioned' for 'risks' that lie ahead, will not change key interest rate
Trending News
1 month, 2 weeks ago

Jerome Powell says Fed 'well positioned' for 'risks' that lie ahead, will not change key interest rate

Hindustan Times  

The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday on the first of a two-day appearance before Congress. Powell’s appearance comes with inflation still above the Fed’s 2% target and the Trump administration is upending many long-time U.S. policies by …

Powell says Fed is ‘well positioned’ for the ‘risks and uncertainties’ ahead
1 month, 2 weeks ago

Powell says Fed is ‘well positioned’ for the ‘risks and uncertainties’ ahead

LA Times  

Federal Reserve Chair Jerome H. Powell, shown at a news conference in January, told lawmakers Tuesday that the Fed is prepared to keep its key interest rate unchanged for now. Powell’s appearance comes with inflation still above the Fed’s 2% target and the Trump administration upending many longtime U.S. policies by imposing tariffs on steel and aluminum and seeking to …

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill
1 month, 2 weeks ago

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill

Associated Press  

WASHINGTON — The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy. On Friday, Fed governor Adriana Kugler said that the labor market was “stable” and that “gives us a little bit of …

Trump’s Tariffs Make Currency Trading Cool Again After Years of Decline
1 month, 2 weeks ago

Trump’s Tariffs Make Currency Trading Cool Again After Years of Decline

Bloomberg  

In the decade Tim Brooks has been buying and selling currencies, he’s grown used to feeling that the action is usually elsewhere. He and his team at Optiver Holding BV, a top trading firm in London, rely on volatility to generate quick profits from sudden moves in exchange rates. But dramatic swings largely evaporated after the global financial crisis of …

Bank of England CUTS interest rates to 4.5% in boost for Brits amid fears over Labour's stalling economy... but could Trump's tariffs thwart hopes of more falls?
Top News
1 month, 2 weeks ago

Bank of England CUTS interest rates to 4.5% in boost for Brits amid fears over Labour's stalling economy... but could Trump's tariffs thwart hopes of more falls?

Daily Mail  

The Bank of England boosted Brits today by cutting interest rates amid fears over the stalling economy. The need to kickstart activity looks to have outweighed fears that Donald Trump's trade tariffs will put upwards pressure on inflation - something Threadneedle Street uses interest rates to counter. The Bank of England in London is pictured yesterday ahead of the base …

Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
1 month, 2 weeks ago

Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates

CNN  

CNN — Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve. Bessent, in two interviews this week, said the Trump administration wants to focus on lowering long-term interest rates, which are largely influenced by the yield on the 10-year US Treasury …

Fed on Hold Makes Sense Amid Tariffs, Bill Dudley Says
1 month, 3 weeks ago

Fed on Hold Makes Sense Amid Tariffs, Bill Dudley Says

Bloomberg  

00:00 Latest Bloomberg opinion piece, former New York Fed President Bill Dudley writes The tariffs on Canada and Mexico will deeply damage an economic ecosystem that has helped the US remain globally competitive. Well, first of all, we don't know what's going to happen, but assuming the tariffs are enacted in full, say, a month from now, the effects are …

Trump lashes out at a favorite nemesis: The Federal Reserve
1 month, 3 weeks ago

Trump lashes out at a favorite nemesis: The Federal Reserve

Live Mint  

President Trump picked right up where he left off during his first term, badgering a favorite nemesis—the Federal Reserve and its chair, Jerome Powell—over its recent performance managing inflation and interest rates. During Trump’s first term, Powell erected guardrails to protect the Fed’s autonomy to set interest rates as it deemed fit—its so-called “independence"—by cultivating allies on Capitol Hill and …

US Fed: Rates on hold, inflation, policy uncertainty mount; what it means for Indian investors
1 month, 3 weeks ago

US Fed: Rates on hold, inflation, policy uncertainty mount; what it means for Indian investors

Live Mint  

After a two-day Federal Open Market Committee meeting, the US Federal Reserve announced on January 29 that interest rates would remain unchanged at 4.25-4.50 per cent at this juncture. Amid US President Donald Trump's call to "Make in America", costs for US companies will rise due to elevated rates, affecting global trade. "It seems that interest rates are likely to …

Federal Reserve keeps interest rates unchanged in unanimous decision
Trending News
1 month, 3 weeks ago

Federal Reserve keeps interest rates unchanged in unanimous decision

Deccan Chronicle  

The US Federal Reserve has decided to maintain its key interest rate unchanged, holding the target range for the federal funds rate at 4.25 per cent to 4.5 per cent.The decision comes as the central bank assesses the current state of the US economy, which remains strong despite some inflationary pressures.Chair Jerome Powell, addressing the press after the Federal Open …

Gold price today: MCX Gold rates climb despite US Fed’s rate pause; what should investors do?
1 month, 3 weeks ago

Gold price today: MCX Gold rates climb despite US Fed’s rate pause; what should investors do?

Live Mint  

Gold price today: Gold rates rose in the morning trade in the domestic futures market on Thursday, January 30, despite weak global cues and the US Fed's decision to keep benchmark interest rates unchanged at 4.25-4.50 per cent. The US Federal Reserve, after a two-day Federal Open Market Committee meeting, left the benchmark interest rate steady at 4.25-4.50 per cent …

‘Terrible job’: US President Donald Trump blasts Fed’s handling of inflation after unchanged interest rates decision
Trending News
1 month, 3 weeks ago

‘Terrible job’: US President Donald Trump blasts Fed’s handling of inflation after unchanged interest rates decision

Live Mint  

US President Donald Trump sharply criticised the Federal Reserve's approach to bank regulation, accusing Chair Jay Powell of mishandling the battle against inflation. In a bold statement, US President Trump outlined his plans to tackle inflation and revitalise the American economy, criticising the Federal Reserve's handling of the situation. He emphasised that, unlike the Fed’s focus on what he termed …

The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well
1 month, 3 weeks ago

The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well

CNN  

New York CNN — The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates. “But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow …

Fed leaves rates unchanged, sees no hurry to cut again
Trending News
1 month, 3 weeks ago

Fed leaves rates unchanged, sees no hurry to cut again

Live Mint  

* US central bank leaves policy rate in 4.25%-4.50% range * Officials still waiting for clarity on Trump policies * 'We do not need to be in a hurry,' Powell says By Howard Schneider, Michael S. Derby WASHINGTON, Jan 29 - The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would …

Federal Reserve boss Jerome Powell defies Trump as US central bank leaves rates on hold
1 month, 3 weeks ago

Federal Reserve boss Jerome Powell defies Trump as US central bank leaves rates on hold

Daily Mail  

The US Federal Reserve chief Jerome Powell last night defied Donald Trump as the central bank left interest rates on hold and said that it was in no hurry to make further cuts. And he mounted a robust defence of the Fed’s independent decision-making, saying: ‘Don’t look for us to do anything else.’ In its first rates decision since Trump’s …

US Federal Reserve doesn’t 'need to be in hurry' to lower interest rates, says Jerome Powell
1 month, 3 weeks ago

US Federal Reserve doesn’t 'need to be in hurry' to lower interest rates, says Jerome Powell

Hindustan Times  

Federal Reserve Chair Jerome Powell said officials are not in a rush to lower interest rates, adding the central bank is pausing to see further progress on inflation following a string of rate reductions last year. “We need to let those policies be articulated before we can even begin to make a plausible assessment of what their implications for the …

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