The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday.

The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday.

Short-term interest-rate futures pointed to about a one-in-four chance of a rate cut by the Fed's July 29-30 meeting after the comments at a central banking conference in Sintra, Portugal, up from ...

Federal Reserve Chair Jerome Powell on Tuesday claimed he would’ve lowered interest rates if it weren’t for President Donald Trump’s tariffs. Since his announcement of sweeping tariffs with ...