Trump told Powell he's making 'mistake' on interest rates
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The S&P 500 just finished its strongest month since November 2023. Next Friday, the U.S. jobs report will set the tone for June and give new clues on the effects tariffs are having on the labor market.
Federal Reserve Chair Jerome Powell reiterated the need for a wait-and-see approach during a press conference following the committee's policy announcement.
Following the last review, the Fed outlined a policy that became known as flexible average inflation targeting. The move was a stated intent to allow inflation to run slightly over the Fed's 2% target for a period of time in the interest of providing full and inclusive employment across the economy, including for race and gender.
In the first months of his second term, Trump has alternately railed against Fed Chair Jerome Powell ... and March meetings. Powell will speak at 2:30 p.m. EDT. Watch it live here.
Fed officials opted Wednesday to hold interest rates steady as President Donald Trump’s tariffs unsettle the US economy.
Miran was responding to a question about Fed Chair Jerome Powell's comments on inflation concerns. During Wednesday’s press conference, Powell was asked why he has not met with President Donald ...
Federal Reserve Chair Jerome Powell gave remarks Wednesday afternoon after the latest announcement on interest rates, as the U.S. faces economic uncertainty sparked by President Trump’s trade ...
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Jerome Powell, after a surprise meeting with Trump: "I will make decisions based solely on careful, objective, and non-political analysis"The President of the Federal Reserve, under pressure to lower interest rates, defends at the White House that "the path of monetary policy will depend entirely on the economic information that comes in".