The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has “made no decisions” on cutting rates at its next meeting, the Fed chair said.
Category: Federal Reserve System
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Cuts to Data Collection May Erode Reliability of Economic Statistics
The Bureau of Labor Statistics is reducing or ending the collection of data that is used to calculate the Consumer Price Index.
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See How Often Two Fed Governors Have Dissented on a Rate Change Vote
Two top Fed officials voted against the central bank’s decision to leave rates unchanged, the first dual dissent in more than 30 years.
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Tensions Between Trump and Powell at Tipping Point Ahead of Fed Meeting
President Trump wants lower interest rates, but Jerome H. Powell, the chair of the Federal Reserve, is not yet ready to deliver them.
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What to Watch at the Federal Reserve’s July Meeting
The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.
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What to Watch at the Federal Reserve’s July Meeting
The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.
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What Did Trump’s Hard-Hat Tour of the Fed Accomplish?
The president wanted to take Jerome Powell, the Fed chair, to task over the cost of renovations to the central bank’s headquarters, but Mr. Powell was having none of it.
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The Fed Renovations Fueling Trump’s Anger at Jerome Powell
President Trump is set to visit the central bank’s construction site on Thursday with administration officials amid allegations that the costly project has been mismanaged.
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White House Keeps Pressure on Powell Over Rate Cuts and Renovations
President Trump and his top aides have criticized Jerome H. Powell, the Fed chair, for his management of both the economy and a $2.5 billion revamp of the central bank’s headquarters.
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Fed Defends Renovations as Trump Administration Intensifies Attacks
The Trump administration has seized on the Federal Reserve’s renovation of its building in what legal experts say could be pretext to fire Jerome H. Powell, the central bank chair.
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Investors Shrug Off Trump’s Attacks on the Fed and Trade Allies
Investors continue to shrug off the president’s threats, sending stocks to new highs. That calm could be tested going into a packed week for corporate earnings.