The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.
Category: Interest Rates
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Will Kevin Warsh Do What Trump Wants?
Some investors are worried that President Trump’s nominee to run the Federal Reserve may not be a guaranteed “yes” on cutting interest rates.
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Trump Picks Kevin Warsh as Fed Chair
If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May.
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Trump Is Expected to Announce Kevin Warsh as Fed Chair
President Trump is set to announce his choice to replace Jerome H. Powell as chair of the Federal Reserve, saying it is someone “known to everybody in the financial world.”
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Trump Expected to Announce Kevin Warsh as Fed Chair
President Trump is set to announce his choice to replace Jerome H. Powell as chair of the Federal Reserve, saying it is someone “known to everybody in the financial world.”
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Five Questions for Jerome Powell, the Fed Chair
Succession drama, legal intrigue and political independence: These are top issues that DealBook would ask of the Federal Reserve chairman.
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What to Watch as the Federal Reserve Meets
The central bank is expected to hold interest rates steady on Wednesday after a series of reductions in the latter half of 2025. The big question is how long the pause will last.
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A Municipal Debt Boom Is Driving Public Projects and Tax Breaks for Investors
Municipal debt issuance surpassed $500 billion last year, a record that’s found a deep pool of buyers.
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Fed, Signaling Little Urgency, Prepares to Pause on Rate Cuts
The Federal Reserve is expected to hold interest rates steady on Wednesday, despite relentless attacks from President Trump over borrowing costs.
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I.M.F. Raises Forecast for Global Growth as Tariff Drag Fades
The 3.3 percent rate for 2026 would match last year’s pace. Booming investment in artificial intelligence is buttressing global output.
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Why Banks Are So Worried About a 10% Credit Card Rate Cap
President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality.
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Banks Ready Battle Plans to Save Their Credit Card Businesses
“Everything’s on the table,” an executive at JPMorgan Chase said, as the industry seeks to head off President Trump’s effort to cap interest rates.