News

Fed more hamstrung by murky data than Trump interference

It's widely believed that U.S. President Donald Trump's insistence on lower interest rates is what's making life most ...

Bessent urges Fed to slash rates next month, with ideal goal ‘150, 175 basis points lower’

Treasury Secretary Scott Bessent on Wednesday urged central bankers to issue a half-point cut at next month’s meeting – breaking from his zipped-lip stance on the Fed’s monetary agenda. Bessent said ...

Why Trump’s Fed nominee may get the cold shoulder at the central bank

In MAGA world, Stephen Miran, the White House economist President Donald Trump nominated last week to the Federal Reserve’s top ranks, is a force to be reckoned with.

Who’s next to chair Fed after Powell? From Michelle Bowman to Philip Jefferson, Trump admin eyes potential candidates

The Federal Reserve is considering candidates including Michelle Bowman and Philip Jefferson to succeed Jerome Powell as ...

Inflation likely moved higher last month as tariffs bite, putting the Fed in bind

Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, ...

How Jerome Powell Played Biden’s Climate Games While Inflation Ran Rampant

The Federal Reserve failed to prioritize its core mission to combat inflation while embracing the Biden administration’s ...

Jerome Powell hit with a criminal referral over Fed's $2.5B renovation project — what it might mean for your nest egg

Federal Reserve Chair Jerome Powell faces a criminal referral from Republican Congresswoman Anna Paulina Luna — the latest ...

Trump announces Stephen Miran as pick for Federal Reserve board as speculation swirls around Powell replacement

WASHINGTON — President Trump appointed one of his top economic advisers to serve on the Federal Reserve Board of Governors ...