Fed officials explained their opposition to the central bank’s decision this week to cut interest rates by a quarter of a percentage point.
Category: Powell, Jerome H
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Fed Divisions Underscore Challenge for Trump’s Next Chair
President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.
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Trump’s Search for Powell’s Replacement Adds to Cacophony Around Interest Rate Decision
The end of Jerome Powell’s term as Fed chair will give President Trump his biggest opportunity yet to reshape the central bank.
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Why Markets Are Getting Anxious About the Fed
The central bank is widely expected to lower its benchmark lending rate on Wednesday. But investors are worried about what comes afterward.
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Fed Divisions Will Cloud Interest Rate Decision at Final 2025 Meeting
The central bank is poised to lower interest rates on Wednesday even as a growing chorus of officials urge caution.
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Powell Faces Pressure From Multiple Fronts as Fed Prepares to Cut Rates
The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him.
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Kevin Hassett Reportedly Becomes Front-Runner for Fed Chair
Kevin Hassett, a top White House economic adviser , is said to become the front-runner to lead the Federal Reserve, raising questions about its independence.
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The Fed and Big Tech Re-Raise Investors’ Spirits
Markets appear to be hoping again that the central bank will cut rates next month, and that the artificial intelligence boom has room to run.
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Top Fed Official Boosts Odds of a December Rate Cut
John C. Williams, president of the Federal Reserve Bank of New York, said the central bank had scope to lower borrowing costs ‘in the near term.’
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December Rate Cut in Doubt as Fed Fault Lines Deepen, Minutes Show
The central bank’s decision to lower interest rates last month was more divisive than it first appeared as officials splintered over how to weigh a weakening labor market against rising inflation.
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After Shutdown, Labor Department Says Some Data is Gone for Good
Surveys were delayed and some cannot be collected at all, officials said, further complicating the Federal Reserve’s decision on interest rates next month.
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Atlanta Fed President to Step Down in February
The departure of Raphael W. Bostic, who has served in the role since 2017, would create a new vacancy at the central bank.