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Trump Wants a 3-Point Fed Rate Decrease. But You Can't Always Get What You Want.
The right to freedom of speech allows Trump to make demands of the Fed to his heart's content. But legally, he cannot compel the central bank to lower its benchmark interest rate. The Fed has the right to act independently, and its aim is to promote a healthy and stable economy by keeping inflation in check.
The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
Federal Reserve Chair Jay Powell has reiterated that rate decisions will be data-driven — by inflation, and employment.
Federal Reserve governor Christopher Waller reiterated Thursday that he believes the Fed could consider cutting rates later ...
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting ...
Investors in U.S. stock markets need to stop obsessing about when, and by how much, the Federal Reserve will cut interest ...
The newly published meeting minutes highlighted a divide over how Federal Reserve officials expect the economy to respond to ...
Federal Reserve governor Christopher Waller said Thursday that the central bank should consider cutting interest rates at its ...
New tariffs unveiled by President Trump have further muddied the inflation outlook, Chicago Fed President Austan Goolsbee ...
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