Federal Reserve Governor Christopher Waller said late Thursday that he continues to believe that the Fed should cut its interest rate target at the July meeting, citing mounting economic risks and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures, per Reuters.

It is becoming clear what the major challenge will be for Jerome Powell’s successor: Maintaining the Fed’s independence while keeping President Trump happy.

This time around, the Fed is raising rates into what is expected to be a moribund economy in 2023. Members penciled in increases for the funds rate until it hits a median level of 5.1% next year ...

The Fed on Wednesday increased interest rates three-quarters of a percentage point in its benchmark interest rate, triple its usual margin. Investors worry such aggressive action by the Fed and ...

The debate over the Federal Reserve's reluctance to lower rates has intensified recently. Those hoping that the Fed would tilt dovish in 2025 after cutting its Fed Funds Rate by 1% last year have been deeply disappointed.

At 4.3%, the Fed's benchmark interest rate remains markedly higher than it was between 2008 and 2022, when the bank started to hike rates in response to rising prices. But it is roughly a percentage point lower than where it stood last year.

Federal Reserve Raises Interest Rates By 0.75 Percentage Point; Dow, S&P 500 Finish Higher: Fed Meeting Today Live. Last Updated: Updated July 27, 2022 at 6:17 PM.

Goldman Sachs on Monday raised its projection for U.S. interest rates in 2025 to three-quarter-point cuts because of muted tariff effects and labor market weakness.

Where’s all the inflation from the Trump trade wars? So far, the evidence really hasn’t shown up — but many economists say it’s coming soon, perhaps as soon as this week.