Jul 30 WATCH: Powell speaks after Fed keeps interest rates unchanged even as Trump demands cut By Chris Rugaber, Associated Press The Federal Reserve is leaving its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. Continue reading
Jul 25 U.S. stocks coast toward the finish of a record-setting week By Stan Choe, Associated Press Wall Street has zoomed higher on hopes that President Donald Trump will reach trade deals with other countries that will lower his stiff proposed tariffs, along with the risk that they could cause a recession and drive up inflation. Continue reading
Jul 24 Watch 8:35 Trump ramps up pressure on Powell to cut interest rates during visit to Federal Reserve By Geoff Bennett, Jackson Hudgins, Solveig Rennan President Trump continued to dial up the pressure on Jerome Powell during a visit to the Fed. The president's public remarks and personal insults about Powell are a major departure from past presidents, and his approach has sparked questions about… Continue watching
Jul 24 WATCH: Trump and Powell argue over total costs of Federal Reserve building renovations By Associated Press President Donald Trump publicly scorned Federal Reserve Chair Jerome Powell on Thursday for the cost of an extensive building renovation as the two officials began a tour of the unfinished project. Continue reading
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 WATCH: Trump says it’s ‘highly unlikely’ he’ll fire Fed chair Powell By Hannah Grabenstein President Donald Trump responded to reports that he had drafted a letter in preparation for firing Jerome Powell. 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 14 WATCH: Trump says political opponents ‘wanted to take God and religion out of your lives’ By Associated Press The president began his remarks at an event hosted by the White House Faith Office by expressing his support for religion in public life. Continue reading