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.
Category: Powell, Jerome H
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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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Powell Under Siege as Fed Plans to Stand Pat on Rate Cuts
Jerome H. Powell, the Federal Reserve chair, is facing relentless attacks from the president, a lively campaign to replace him and divisions in his own ranks over when to cut interest rates.
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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.
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Trump’s War With Powell Throws a Little-Known Planning Board Into Scrutiny
The National Capital Planning Commission has become pivotal in the administration’s campaign to discredit Jerome H. Powell, the chairman of the Federal Reserve.
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Trump’s Withering Criticism of Powell Puts Fed Decisions Under Microscope
The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.
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Top Fed Official Backs July Rate Cut as Trump Ramps Up Pressure
Christopher Waller, a potential contender to be the next chair of the central bank, said the Federal Reserve should not wait for the labor market to weaken to reduce interest rates.
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Trump’s Attacks on Powell and the Fed Ripple Through Global Economy
The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.