By Michael S. Derby (Reuters) -Federal Reserve Chairman Jerome Powell said Wednesday it’s too soon to say whether the central bank will cut its interest rate target in September, as financial markets expect. “We have made no decisions about September, we don’t…do that in advance,” Powell said at the press conference following the latest Federal Open Market Committee meeting. He …
Read More »Fed Governors Could Break Ranks as Trump Intensifies Powell Pressure The Wall Street Journal The Fed is unlikely to cut rates, but this week’s meeting is packed with intrigue CNBC Powell Under Siege as Fed Plans to Stand Pat on Rate Cuts The New York Times Trump urgently wants Jerome Powell to cut interest rates. That won’t happen this week, economists say. CBS News …
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The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide between how Chair Jerome Powell and his chief critic, President Donald Trump, see the economy. The Fed itself, to be sure, is increasingly divided over its next steps, and many economists expect that two …
Read More »WASHINGTON (AP) — The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide between how Chair Jerome Powell and his chief critic, President Donald Trump, see the economy. The Fed itself, to be sure, is increasingly divided over its next steps, and …
Read More »Powell Under Siege as Fed Plans to Stand Pat on Rate Cuts The New York Times Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump ABC News Fed expected to keep rates unchanged as it sifts through mixed economic data Reuters Jerome Powell has a chance to appease Trump with a rate cut, so will …
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Facebook Tweet Email Link Washington — Sweeping changes are coming to the world’s most powerful central bank, President Donald Trump and his top advisers have said — and they’re already starting to make good on that promise. Treasury Secretary Scott Bessent last week made it clear that the Trump administration intends to shake up the Federal Reserve — just as …
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Want to stay informed with market insights and investing ideas from Morningstar? Sign up for my weekly Smart Investor newsletter here. This week’s highlights: Stocks are pushing to record highs. Why? Well, that’s not entirely clear. But this past week’s gains were led by healthcare (a big laggard this year) and industrial stocks (which have been big winners). On the …
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President Donald Trump’s visit to the Federal Reserve this week produced some awkward soundbites. But body language experts think there were several nonverbal moments between Trump and Federal Reserve Chair Jerome Powell that spoke volumes. Even though presidents rarely visit the politically independent central bank, Trump on Thursday toured the building, which is being renovated. Trump and members of his …
Read More »Pressure Mounts on Fed Chief Powell in Tee Up to GDP, Jobs Data Bloomberg.com A Flood of Economic Data Is Coming. Pay Attention to the Unemployment Rate. Barron’s Wall Street barrels toward a big week: Fed meeting, Mag 7 earnings, jobs report, trade deadline CNBC Week Ahead for FX, Bonds: Fed Decision, U.S. Jobs Data, Tariff Deadline in Focus The Wall Street Journal Stock …
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President Donald Trump’s visit to the Federal Reserve this week produced some awkward soundbites. But body language experts think there were several nonverbal moments between Trump and Federal Reserve Chair Jerome Powell that spoke volumes. Even though presidents rarely visit the politically independent central bank, Trump on Thursday toured the building, which is being renovated. Trump and members of his administration have been publicly …
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