Fed Chair Jerome Powell resists Trump's rate cut demand
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Federal Reserve Bank of Dallas President Lorie Logan on Thursday signaled that the central bank may need to keep short-term interest rates where they are for quite some time as it waits for the data to show if President Donald Trump's mix of trade,
Trump met Federal Reserve Chair Jerome H. Powell for the first time this administration, following month of publicly pressuring him to slash interest rates.
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Officials at their May 6-7 meeting reaffirmed the need for a “cautious approach” given increased uncertainty over tariff policies.
U.S. Federal Reserve policymakers could still cut interest rates twice this year as they projected in March, San Francisco Fed President Mary Daly said on Thursday, but for now rates should remain steady to make sure inflation is on track to reach the central bank's 2% goal.
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Federal Reserve Governor Adriana Kugler stressed the importance of examining how potential changes in the desirability of American financial assets could affect financial stability "both domestically and internationally.
Economist Brian Wesbury comments on how the Federal Reserve (and eventually taxpayers) are paying hundreds of billions of dollars in interest to private banks to hold money printed during massive balance sheet expansions following the 2008 crisis and COVID.
By Michael S. Derby (Reuters) -Federal Reserve Governor Adriana Kugler said on Thursday she’s closely watching markets amid substantial shifts in trade policy and possible diminished investor desire to hold U.
Federal Reserve Bank of San Francisco President Mary Daly said monetary policy is in a “good place” to continue to bring inflation down.