Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about cutting interest rates amid uncertainty about the economic outlook.
Category: Interest Rates
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PCE Inflation Was Slightly Hotter in May as Economists Brace for Trump’s Tariffs
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.
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Powell Reiterates Fed’s Wait-and-See Approach Before Cutting Rates
The Fed chair will tell lawmakers that the central bank can wait to see how President Trump’s tariffs affect the economy before lowering borrowing costs.
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Second Fed Official Indicates Support for Faster Rate Cuts
Comments from two officials, both appointed by President Trump, suggest a split among policymakers.
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Fed Governor Calls for Rate Cuts as Soon as July
Christopher J. Waller, who was appointed by President Trump, said the central bank should not wait for the labor market to weaken.
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Trump’s Two-Week Iran Notice Gives Markets a Lift
The president said he could take that long to decide whether to join a military fight against Iran. But that does little to quell investor uncertainty.
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Fed’s Interest-Rate Approach Keeps It on Collision Course With Trump
The central bank signals little urgency to cut interest rates despite demands from President Trump for lower borrowing costs.
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Zero Interest Rates Are Back in Europe
The Swiss National Bank lowered rates to zero after consumer prices fell last month. Other European central banks are grappling with uncertainty caused by President Trump’s tariffs.
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Fed Holds Rates Steady, but Sees Higher Inflation and Lower Growth Ahead
Officials at the Federal Reserve left interest rates unchanged, as they brace for the effects of President Trump’s policies on trade, taxes and immigration.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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As Trump Pressures Fed, He Seizes on Interest Rate Cuts by Europe and Others
President Trump has increasingly pointed to rate cuts by other central banks as he pressures Jerome H. Powell, the Fed chair, to reduce borrowing costs.