Fed cuts interest rates but signals more stringent conditions for further reductions
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion, but signaled a higher bar for making further reductions in borrowing costs — eliciting a fast and sharp rebuke from President Donald Trump. Describing the U.S. economic outlook ...
Fed trades 'remarkably positive' for 'no precedents' after volatile year and as slump looms
A year ago, U.S. Federal Reserve Chair Jerome Powell held a "remarkably positive outlook" for an economy enjoying a "historically rare" combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue. When the Fed meets this week, ...
A former top U.S. central banker leaped into the political fray on Tuesday, calling on the Federal Reserve to oppose President Donald Trump's reelection effort next year. Bill Dudley, the influential former president of the New York Federal Reserve Bank, also said the Fed should ...
Trump's attacks and economic fears focus spotlight on Fed chief Jerome Powell's speech
When the leader of the Federal Reserve speaks, the world listens. But the relentless attacks by U.S. President Donald Trump ensure Fed Chair Jerome Powell's speech Friday will be subjected to an even more intense spotlight. Powell is walking a very narrow path as he ...
Spooked Trump insists U.S. economy isn't in trouble as he lines up scapegoats and payroll tax cut
President Donald Trump is so convinced that his re-election depends on the economy staying strong that the merest hint of recession has sent him into political crisis management mode. Unpopular and with a middling record of legislative achievements, Trump enters the 2020 campaign season facing ...
Trump slams Fed chief as inverted yield curve signals global distress
The U.S. government bond market sounded alarms Wednesday as investors fleeing riskier assets drove the 30-year bond's yield to a record low and the 10-year yield fell below the rate on the two-year for the first time since 2007. The 10-year Treasury yield dipped as ...
Fed remains a target as economy falls short of Trump's ambitious goals
It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data show an economy in "reasonably good" shape, as the head of the central bank recently said. But behind that confusing dance ...
U.S. Federal Reserve cuts interest rates for first time since 2008
U.S. Federal Reserve Chairman Jerome Powell said Wednesday the first interest rate cut since the financial crisis was to "insure against downside risks" but didn't signal the start of a lengthy easing cycle, drawing a sharp rebuke from President Donald Trump. "We're thinking of it ...
Trump again tries to talk down Fed rate as he grooms possible successors to Jerome Powell
President Donald Trump wrapped up the weekend as he started it, jawboning the Federal Reserve to lower interest rates at a time when he may be sizing up his two latest picks for Fed governor as successors to Chairman Jerome Powell. If the Fed "knew ...
Trump thinks dollar is too strong and blames Fed policy, official says
President Donald Trump believes the dollar is too strong, and the euro is too weak, and feels the situation could be eased if the Federal Reserve lowered interest rates, a senior administration official said on Tuesday. The official also said the White House had no ...
Trump threatening to demote Fed chief, but says he has power to do so
U.S. President Donald Trump said on Sunday on NBC's "Meet the Press" news program that he has the power to demote Federal Reserve Chairman Jerome Powell but has not threatened to do so. "I didn't ever threaten to demote him," Trump said. "I'd be able ...
Fed Chairman Jerome Powell says he plans to serve full term amid Trump pressure
Federal Reserve Chairman Jerome Powell has said he intends to serve his full four-year term as head of the Federal Reserve, after the White House explored ways of removing him from the job amid criticism from President Donald Trump. "I think the law is clear ...
