Jul 24 WATCH: Trump visits Federal Reserve as he pressures Powell to cut interest rates By Christopher Rugaber, Josh Boak, Chris Megerian, Associated Press The Federal Reserve, known for its tight lips, structured formality and extraordinary power to shape the global economy, opened up a costly building renovation Thursday to reporters and President Donald Trump. Continue reading
Jul 18 Trump appointees pushed more marble in Federal Reserve building renovation White House now attacks By Christopher Rugaber, Josh Boak, Associated Press 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. Continue reading
Jul 16 How Trump could use an expensive Fed building renovation to oust Powell By Christopher Rugaber, Josh Boak, Associated Press 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… Continue reading
Jul 15 Watch 6:39 How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision By William Brangham, Jackson Hudgins A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest… Continue watching
Jul 15 U.S. inflation accelerated last month to 2.7%, highest level since February By Christopher Rugaber, Associated Press On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month. Continue reading
Jul 01 Powell sticks to ‘wait and see’ approach as Trump ramps up criticism By Christopher Rugaber, Associated Press 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. Continue reading
Jun 25 WATCH: Fed Chair Powell returns to Capitol Hill to testify in Senate Banking hearing By Chris Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties. Continue reading
Jun 24 WATCH: Fed Chair Powell says interest rate cut can wait in testimony before House committee By Chris Rugaber, Associated Press “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” Jerome Powell said in testimony Tuesday before the House Financial Services Committee. Continue reading
Jun 18 Watch 5:24 News Wrap: Fed leaves interest rates unchanged while signaling future cuts In our news wrap Wednesday, the U.S. Federal Reserve left interest rates unchanged for the fourth-straight time while officials indicated they expect to cut rates twice by the end of the year, the Supreme Court is reviving plans to store… Continue watching
Jun 18 WATCH: Powell holds news briefing as Fed keeps its key rate unchanged By Christopher Rugaber, Associated Press 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. Continue reading