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Federal Reserve defies Donald Trump on interest rates
The Federal Reserve kept US interest rates on hold for the fifth meeting in a row yesterday, defying an aggressive campaign from President Donald Trump to slash borrowing costs. Fed chair Jay Powell said after the meeting that “it seems to me — and to almost the whole committee — that the economy is not performing as though restrictive policy is holding it back inappropriately”.
Powell defended the importance of Federal Reserve independence, telling reporters “it should be continued and respected.” “If ...
Trump has criticized Powell for months because the chair has kept the short-term interest rate the Fed controls at 4.3% this ...
US President Donald Trump is on a relentless campaign to pressure the Federal Reserve into cutting interest rates, which he ...
Allianz Chief Economic Advisor Mohamed El-Arian doubled down on comments he made Tuesday that Fed Chairman Jerome Powell ...
Mohamed El-Erian and Jeremy Siegel think Jerome Powell's resignation would ultimately bolster the independence of the central ...
SYDNEY--Reserve Bank of Australia Gov. Michele Bullock has sent a message of support to her besieged counterpart at the Federal Reserve, saying that central bank independence remains a guiding ...
President Donald Trump is not a supporter of Federal Reserve Chairman Jerome Powell, and his administration is applying pressure on the central bank.
Warsh's comments come at a time when the independence of the central bank has become a key concern for market participants. Warsh emerged as a potential top contender to replace Powell back in ...
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