The Fed Needs to Tread Carefully With This Strange Dollar The currency’s uncharacteristic behavior is another reason for Powell to ignore Trump and stay cautious on rate cuts.

The S&P 500 ended the trading week at 6,259.75, down 0.31% from the previous week's close.

Efforts to influence monetary policy are unfortunate and misguided, but the central bank is not a dictatorship directed by the chair.

The minutes released on Wednesday, however, showed only narrow support for a near-term reduction in borrowing costs among the Fed's 19 policymakers, with "some" of them feeling no rate cut would ...