A criminal investigation into Jay Powell, the Federal Reserve chair, may be the most consequential attack yet on the central bank’s political independence.
Category: Interest Rates
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Trump Calls for 10 Percent Credit Card Interest Cap, After Killing Other Fee Limits
The president revived a campaign promise he has not actively pursued since taking office.
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Will Stock Markets Sizzle Into 2026?
Returns have been fabulous but consider the potential for setbacks in this already hazardous year, our columnist says.
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Fed Keeps Close Eye on Labor Market as It Assesses Further Cuts
For the central bank to lower interest rates again, officials will likely need to see more notable signs that unemployment is rising.
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Trump Orders Fannie and Freddie to Buy $200 Billion in Mortgage Bonds
The move, a bid to make homes more affordable, would be a back-to-future moment for the two mortgage firms. Buying risky mortgage bonds helped push them to near-bankruptcy in 2008.
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Fed Minutes Detail Deep Divide on Timing of Further Rate Cuts
Officials at the central bank have splintered over whether rising unemployment or elevated inflation poses the bigger economic risk.
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How Kevin Hassett Became a Trump Loyalist and Fed Chair Contender
Mr. Hassett’s evolution from conservative economist to defender of the president’s economic agenda has raised questions about how he would lead the central bank.
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Private Equity, Saddled With Investments It Can’t Sell, Loses Its Luster
As funds deliver mediocre returns and sheds investors, the industry is struggling to unload 31,000 investments, an increase over this time last year.
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Bank of Japan Raises Interest Rates to Highest Level in 30 Years
The Bank of Japan moved to slow inflation as the prime minister is borrowing more to fund an ambitious effort to build up industry and support households.
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U.S. Inflation Slowed to 2.7% in November as Shutdown Distorts Data
Data collection issues skewed the latest Consumer Price Index report, economists warned, clouding the picture for the Federal Reserve as it also grapples with a cooling labor market.
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Interest Rate Cut and Slower Inflation Offer Britons a Reprieve
Britain’s central bank reduced interest rates to 3.75 percent, a move that was welcomed by the government, which has been looking to lower the high cost of living.