President Trump has a lot to say about FOMC chairman Jerome Powell—and yet it seems he won't take his fight directly to the Fed.
President Donald Trump criticized the Federal Reserve’s handling of inflation and banking regulation on Wednesday, following the central bank’s decision to hold interest rates steady at 4.25%-4.5%. What Happened: In a Truth Social post,
Trump commented after the Federal Open Market Committee voted unanimously to keep the federal funds rate in a range of 4.25%-4.5%
President Donald Trump renewed his complaints with the Federal Reserve after it left its benchmark interest rate unchanged.
The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady at 4.25-4.50 percent, taking a wait-and-see approa
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.
The decision was what investors and economists expected after a series of high readings of inflation and strong jobs reports.
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.
If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he wants, at least not yet.
The US Fed held rates steady, reaffirming its independence despite President Donald Trump’s demands for cuts. Fed Chair Jerome Powell dismissed political pressure, while Trump accused the Fed of failing to control inflation.