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
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: 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