The latest labor market data reinforces the central bank’s wait-and-see approach to lowering borrowing costs, despite pressure from President Trump.
Category: Interest Rates
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How Immigration Could Muddy the Jobs Numbers
Job growth is expected to fall this year, adding to pressure on the Federal Reserve to cut interest rates. But the slowdown might reflect a smaller labor force, not declining demand from employers.
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Despite Pressure From Trump, Powell Remains Patient on Rate Cuts
The Federal Reserve chair said the central bank would make decisions on interest rates based on data.
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Thought Markets Were Volatile in the First Half? Watch Out.
Stocks have rebounded, but the dollar is in a deep slump. Here’s what could go right (and very wrong) for investors.
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Trump Steps Up Pressure Campaign on Powell With Handwritten Note
President Trump has repeatedly attacked Jerome H. Powell, chair of the Federal Reserve, for resisting his demands for lower interest rates.
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Trump Encourages Powell to Resign in Latest Attack on the Fed Chair
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.
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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.