Federal Reserve Surprises With Hefty Interest Rate Cut
6 months, 1 week ago

Federal Reserve Surprises With Hefty Interest Rate Cut

Huff Post  

LOADING ERROR LOADING The Federal Reserve raised eyebrows Wednesday with a bigger-than-expected cut in a key interest rate, portraying the move as essentially an insurance policy against a possibly slowing economy now that it believes inflation is under control. You can say that about the whole economy,” Federal Reserve Chair Jerome Powell told reporters at a press conference following a meeting of the Fed’s rate-setting committee. At the same time, inflation readings have been tame, which led the Fed policy panel to say that it had “greater confidence that inflation is moving sustainably toward 2 percent,” the central bank’s target. “With inflation firmly in decline, the data supporting a rate cut has long been clear — and I’m glad the Federal Reserve has finally taken action to preserve our hard-fought economic recovery,” he said in a statement.

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History of this topic

Trump urges Fed to cut rates as tariffs bring uncertainty
5 days, 5 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 …

Central banks turn more cautious on rate cuts
5 days, 16 hours ago

Central banks turn more cautious on rate cuts

Live Mint  

* Central bank easing meets global caution * BoE keeps rates steady, SNB cuts on Thursday * BOJ remains the G10 outlier By Yadarisa Shabong and Alun John March 20 - Big developed market central banks are turning cautious after a series of interest rate cuts and as uncertainty in global economics and politics grows. Here's a look at where …

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold
Trending News
5 days, 22 hours 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 …

Donald Trump splits from central bank officials on rate cut, says Federal Reserve ‘MUCH better off…’
6 days, 1 hour 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, 1 hour 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 …

US Fed keeps interest rates unchanged: Key takeaways from the meeting
6 days, 5 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 …

Will US Fed's rate pause derail RBI's liquidity easing plans?
6 days, 5 hours ago

Will US Fed's rate pause derail RBI's liquidity easing plans?

India Today  

The US Federal Reserve kept its benchmark interest rate steady at 4.25%-4.50%, as expected. The Reserve Bank of India has already started liquidity easing, and there’s growing speculation that another 25 bps rate cut could be on the horizon. The Fed’s stance could create a tailwind for global equities.” Foreign institutional investors have been cautious in recent months, but a …

Trump pushes for interest rate cut to "ease" effect of tariffs
6 days, 5 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 keeps interest rate unchanged, sees slower growth and higher inflation
6 days, 10 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 …

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 …

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 …

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 …

European Central Bank cuts rates again as threat of trade war with Trump weighs on economy
2 weeks, 5 days ago

European Central Bank cuts rates again as threat of trade war with Trump weighs on economy

Associated Press  

FRANKFURT, Germany — The European Central Bank has cut interest rates by another quarter percentage point to boost growth, lowering credit costs for consumers and businesses to support an economy that is struggling to grow - and could soon face even stronger headwinds from threatened U.S. tariffs. That is already having an impact, said ECB head Christine Lagarde, who said …

Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war
2 weeks, 6 days ago

Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war

Daily Mail  

Bank of England chiefs today warned of a dual threat from sticky inflation and Donald Trump's trade war. Giving evidence to MPs, the Bank's chief economist Huw Pill warned interest rates might not fall as fast as hopes because there is still 'more work to do' to tackle price pressures. Meanwhile, Governor Andrew Bailey told the Treasury Select Committee there …

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
3 weeks, 1 day ago

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut

Associated Press  

FRANKFURT, Germany — Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank - but leaving open how far the central bank will go in lowering borrowing costs for an economy that’s still struggling to show robust growth. The February figure for the 20 countries that use …

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, …

Why the Reserve Bank has little option but to cut interest rates
1 month, 1 week ago

Why the Reserve Bank has little option but to cut interest rates

ABC  

After more than six months of conjecture and on-again off-again signals, interest rates are about to start a descent. In the December quarter, core inflation came in at just 0.5 per cent which, if you annualise it, comes in at just 2 per cent, smack bang at the bottom of the RBA's target range. Core inflation has dropped rapidly, more …

Reserve Bank cuts interest rates to 4.1 per cent after 13 rate hikes — as it happened
1 month, 1 week ago

Reserve Bank cuts interest rates to 4.1 per cent after 13 rate hikes — as it happened

ABC  

Whether you've been hanging out with us all day or tuned in this afternoon, thanks so much for spending some of your Tuesday with us. But if you're hungry for even more interest rates content tonight, you're in luck. On 7.30, host Sarah Ferguson will speak to Treasurer Jim Chalmers and Westpac chief economist Luci Ellis about the RBA's decision …

Pressure on Reserve Bank to cut rates
1 month, 1 week ago

Pressure on Reserve Bank to cut rates

ABC  

Sabra Lane: Good morning, welcome to AM, I'm Sabra Lane, coming to you from Nipaluna, Hobart. The Reserve Bank of Australia wraps up its first meeting of the year this afternoon and it's widely tipped to cut the official interest rate by 0.25 per cent. Cherelle Murphy : I think that the Reserve Bank certainly has a good case to …

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 …

Powell says Fed doesn’t need to rush on rate cuts
1 month, 1 week ago

Powell says Fed doesn’t need to rush on rate cuts

Live Mint  

WASHINGTON—Federal Reserve Chair Jerome Powell delivered a simple message to Congress to start two days of testimony on Tuesday: Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates. Powell defended last year’s rate cuts as a needed recalibration of its policy stance to account for improvement on inflation …

‘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 …

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 …

Monetary policy: Surely, a rate cut could’ve waited for some clarity to emerge
1 month, 2 weeks ago

Monetary policy: Surely, a rate cut could’ve waited for some clarity to emerge

Live Mint  

Even in the otherwise arcane world of central banks, where rules have long displaced discretion and legislated mandates are the order of the day. How else can one explain the difference in policy outcomes at the February 2025 meeting of the Reserve Bank of India’s Monetary Policy Committee vis-à-vis its earlier meeting in December 2024? After the shift to ‘flexible …

RBI Monetary Policy: Is the rate cut a growth pill to boost demand? Here’s what it means for the Indian economy
Trending News
1 month, 2 weeks ago

RBI Monetary Policy: Is the rate cut a growth pill to boost demand? Here’s what it means for the Indian economy

Live Mint  

The Monetary Policy Committee of the Reserve Bank of India, led by Governor Sanjay Malhotra, has proposed a new repo rate of 6.25%. "Since the budget has proposed measures to propel domestic consumption and higher government capex, this rate reduction from RBI would further support growth," industry lobby grouping IBA's chairman M V Rao said in a statement. "Though additional …

RBI kicks off rate cut cycle—what it means for borrowers and markets
1 month, 2 weeks ago

RBI kicks off rate cut cycle—what it means for borrowers and markets

Live Mint  

The long-awaited policy rate easing by the Reserve Bank of India is finally here. Meanwhile, GDP growth, at 5.4% in the July–September 2024 quarter, is estimated at 6.5% for the full fiscal year—below India’s potential growth rate, warranting monetary support. The RBI is also introducing forward contracts in government securities, enabling long-term investors like insurance funds to better manage interest …

RBI's rate cut sets stage for further easing of interest rates in near term: India Inc
1 month, 2 weeks ago

RBI's rate cut sets stage for further easing of interest rates in near term: India Inc

The Hindu  

India Inc. welcomed the Reserve Bank of India’s move to slash the benchmark interest rate for the first time in nearly five years on Friday and asserted that it will complement the consumption-boosting measures announced in the last week’s Budget, providing much-needed support to the economy. Industry bodies were of the view that the Reserve Bank's 25 basis points rate …

Budget done. Over to RBI now.
1 month, 3 weeks ago

Budget done. Over to RBI now.

Live Mint  

Mumbai: After finance minister Nirmala Sitharaman delivered a consumption-supporting budget, the ball is now in the Reserve Bank of India's court to deliver the last-mile push to growth with a rate cut next week. Rate cut expectations rise Economists expect RBI to cut the repo rate by 25 basis points on 7 February when the Monetary Policy Committee completes its …

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 …

ECB to look past Trump risk and push on with rate cuts
1 month, 3 weeks ago

ECB to look past Trump risk and push on with rate cuts

Raw Story  

by Sam Reeves Despite U.S. President Donald Trump's saber-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track. "We are confident of seeing inflation at target in the course" of this year, President Christine Lagarde said in an interview with US broadcaster …

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 …

‘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 …

How Federal Reserve's interest rate pause will impact regular American wallets
1 month, 3 weeks ago

How Federal Reserve's interest rate pause will impact regular American wallets

Hindustan Times  

Borrowers hoping for more financial relief from the Federal Reserve may need to wait longer, as the central bank is expected to pause additional rate cuts at its January 29 meeting. Federal Reserve officials held interest rates steady, pausing to assess the inflation outlook following a string of rate reductions last year. How Fed's interest rate pause affects borrowers “Anyone …

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