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
Jun 11 U.S. inflation rose slightly last month as grocery prices ticked higher By Anne D'Innocenzio and Christopher Rugaber, Associated Press 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. Continue reading
Jun 02 WATCH: Powell delivers remarks as Trump pushes budget that could add $5.1 trillion in debt By Associated Press President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package. Continue reading
May 29 Trump meets with Jerome Powell, the Fed chairman he has repeatedly scorned By Christopher Rugaber, Associated Press 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. Continue reading
May 21 Trump’s tariffs will test U.S. allies at G7 finance ministers’ summit By Christopher S. Rugaber, Associated Press The annual meetings of the Group of 7 finance ministers, known as the G7, are typically congenial and in previous years have produced joint commitments to combat inflation and counter the COVID pandemic. There may be less agreement this year. Continue reading
May 07 WATCH: Powell holds news conference after Fed leaves key interest rate unchanged By Christopher Rugaber, Associated Press The Federal Reserve kept its key interest rate at 4.3 percent for the third straight meeting, after cutting it three times in a row at the end of last year. Continue reading
May 05 Despite Trump’s pressure, Federal Reserve likely to keep rates unchanged this week By Christopher Rugaber, Associated Press The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs. Continue reading
Apr 17 Watch 7:40 Chicago Fed president on Trump’s trade war and threats to fire Powell By Amna Nawaz President Trump took aim at Jerome Powell, calling interest rates cuts and saying the Fed Chair's termination “cannot come fast enough.” It comes as his administration's tariffs continue to cause global fallout. The International Monetary Fund warns it expects slower… Continue watching
Apr 17 WATCH: Trump criticizes Powell over interest rates, suggests he can remove Fed chair By Aamer Madhani, Josh Boak, Associated Press “If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office while taking questions from reporters during a visit with Italian Prime Minister Giorgia Meloni. “I'm not happy with him.”… Continue reading
Apr 16 WATCH: Powell says Fed can wait on interest rate moves as tariff battle with China continues By Christopher Rugaber, Associated Press The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday. Continue reading