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Federal Reserve officials have said they may focus more on unemployment rates than payroll growth to assess whether labor demand is softening. The reason: They expect job growth to slow as tighter ...
President Donald Trump says that tame inflation means the Federal Reserve should already be reducing its policy rate, but inside the U.S. central bank the idea has little traction, with only two ...
At least two Fed officials spoke out in favor of lowering borrowing costs as soon as July, while several others said the Fed should hold interest rates steady for now. Lower borrowing costs could ...
The Fed’s Preferred Inflation Gauge Was Slightly Hotter in May, as Spending Cooled Most economists and policymakers are bracing for price pressures to intensify this summer because of President ...
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 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.
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 Fed stays focused on inflation and employment, with no rate cuts expected soon. Check out my analysis on Fed policy and where interest rates may be headed.
As President Donald Trump and his advisers begin weighing replacements for Federal Reserve Chair Jerome Powell, they’re running into one significant complication: It’s not clear that Powell ...
The Labor Market Makes the Fed Look Late on Rate Cuts Continuing jobless claims just hit the highest level since 2021.
Anna Paulson takes over Tuesday as the first female president of the Federal Reserve Bank of Philadelphia, after over two decades on the staff of the Chicago Fed.
Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about cutting interest rates amid uncertainty about the economic outlook.