Politics Jul 18 Trump appointees pushed more marble in Federal Reserve building renovation White House now attacks The Fed's architects said the central bank had wanted glass walls to reflect the Fed as a transparent institution, but three Trump appointees to a local commission felt marble best fit the building's historic character.
Politics Jul 16 How Trump could use an expensive Fed building renovation to oust Powell President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, who has resisted the Republican president's calls to slash interest rates out of concerns about the administration's tariffs sparking…
Economy Jul 15 U.S. inflation accelerated last month to 2.7%, highest level since February On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.
Economy Jul 01 Powell sticks to ‘wait and see’ approach as Trump ramps up criticism Powell repeated his view Tuesday that U.S. inflation is likely to pick up later this summer, though he acknowledged that the timing and magnitude of any price increase from the duties is uncertain.
Politics Jun 18 WATCH: Powell holds news briefing as Fed keeps its key rate unchanged Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March.
Economy Jun 17 Fed officials left in ‘uncomfortable purgatory’ as tariffs complicate this week’s rate decision With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%.
Economy Jun 13 Consumer sentiment rises for first time in 2025 as inflation remains tame The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, jumped 16% from 52.2 to 60.5.
Economy Jun 11 U.S. inflation rose slightly last month as grocery prices ticked higher The figures suggest inflation remains stubbornly above the Federal Reserve's 2% target, which makes it less likely that the central bank will cut its key short-term interest rate.
Economy May 30 Consumer prices rose slightly in April amid Trump’s tariffs The figures show inflation is still declining from its post-pandemic spike, which reached the highest level in four decades in July 2022.
Nation May 29 Trump meets with Jerome Powell, the Fed chairman he has repeatedly scorned President Trump met with Federal Reserve Chair Jerome Powell and the two discussed the economy but not Powell’s outlook for interest rates, the Fed said.