Fed, White House and Miran
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Federal Reserve officials are expected to keep their short-term interest rate unchanged Wednesday after three cuts last year, ignoring huge pressure for lower borrowing costs from the White House in favor of waiting to see how the economy evolves.
Jerome Powell emphasized the need to fight inflation, warning that cutting rates too soon could reverse progress as households continued to struggle
The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year. Chair Jerome Powell said at a news conference that the economy’s outlook “has clearly improved since the last meeting” in December,
The Federal Reserve has confirmed that its closely watched policy meeting will proceed as scheduled, even as extreme winter weather forced the closure of many government offices across Washington D.C.
The Supreme Court on Wednesday seemed inclined to keep Federal Reserve governor Lisa Cook in her job, casting doubt on President Donald Trump’s bid to wrest control of the nation’s central bank. The justices heard arguments over Trump’s effort to fire Cook based on allegations she committed mortgage fraud,
The Federal Reserve kept rates unchanged amid political pressure and criticism from Trump, while the administration promoted new government-backed savings accounts for children.
WASHINGTON — Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed's building renovations. The move ...
WASHINGTON — Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations.
Federal Reserve Chair Jerome Powell said Sunday that the Justice Department subpoenaed the central bank Friday with the threat of a criminal indictment, the latest move in a yearlong pressure campaign from the Trump administration. Powell said the ...