Trump and the Fed drama takes a wild turn nobody saw coming and the shocking developments will completely change monetary policy forever.

Washington (CNN) — 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 U.S. central bank would likely have begun cutting interest rates again if not for the plan to enact higher levies on imports, the Fed chief said.

The Labor Market Makes the Fed Look Late on Rate Cuts Continuing jobless claims just hit the highest level since 2021.

In the wake of the intense criticism, Wall Street has been buzzing over the potential that Trump could install a central bank gadfly until Powell’s term expires in May.

The Fed has not lowered rates since December 2024 even as inflation data appears moderate, pointing to the potential of higher inflation under Trump’s tariffs. What Is A Shadow Fed Chair?

Launching a shadow Fed president is designed to undermine the influence of the current Fed Chair, who will leave next year after his term is up.

The Mader Menu: top five sandwiches in Southeast Wisconsin Tyler Mader of Mader's Restaurant is a classically trained chef and a Milwaukee native.

Bright, inventive flavors fill the varied menu at Succotash, a cozy brunch spot in the Longfellow neighborhood of Kansas City.

“I think we’re in the position that we could do this as early as July,” Fed Governor Christopher Waller told CNBC’s “Squawk Box” on Friday morning.

FHFA director Bill Pulte says the Fed's inaction on rate cuts is worsening the housing crisis and called on Powell to step down.

The Fed’s dot plot signals stagflation risks, rising unemployment, and policy shifts favoring jobs over inflation. Learn why Fed uncertainty is set to grow.