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Fed, Trump and Powell
Fed meeting recap: Powell ‘feeling good' about economy, says Trump can't legally fire him
The Federal Reserve trimmed interest rates by a quarter point, bringing the target rate range to 4.5% to 4.75%. Fed Chair Jerome Powell said he was "feeling good" about the economy. He also said he would not step down from his post if President-elect Donald Trump asked him to do so.
Powell: Fed won’t ‘speculate’ about Trump’s impact on economy
The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor
Fed's Powell says Trump can't fire him
The incoming president's reaction to the central bank could serve as an early indicator of how extensively he plans to reshape traditional government bureaucracy.
USA TODAY on MSN
1d
Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
2d
Fed Cuts Rates Again
The Federal Reserve cut interest rates by a quarter point, the second reduction this year. A combination of strong data and ...
Hosted on MSN
16h
Despite Fed cut, mortgage rates went up in eventful week
The Federal Reserve has cut short-term interest rates by 25 basis points. Nevertheless, mortgage rates went up again.
3d
on MSN
After likely quarter-point rate cut, Fed may slow pace of drops if inflation lingers
The Fed is set to lower interest rates a quarter point Thursday. But it's more likely to slow, rather than speed up, 2025 ...
8d
Weak Jobs Report Signals Fed Will Cut Rates Next Week
Last month, we were impressed with a very strong jobs report for September that called into question whether or not the labor ...
8d
Fed seen looking through this report, cutting at next meeting
Count Ali Jaffery, senior economist at CIBC, among the folks playing down today's report. "The October data point is one the ...
2d
on MSN
Federal military draft agency reposts message suggesting US is becoming 1936 Nazi Germany: report
The federal agency responsible for registering Americans for a military draft if the need arises reposted a message ...
2d
on MSN
Wall Street Climbs on Earnings and Fed Rate Cut Expectations
U.S. stocks were mixed on Thursday as investors waited for the Federal Reserve's decision on interest rates, due later in the ...
1d
Internal report describes a 'cesspool of racism' in the federal public service
An internal report on workplace racism and harassment at the highest levels of the federal public service shows that not even ...
12d
on MSN
The Fed could pause rate cuts at its meeting next week if the October jobs report is hot, Wharton professor Jeremy Siegel says
The Fed could pause rate cuts if the October jobs report is hot, Siegel said. The September report crushed estimates, with ...
Investor's Business Daily on MSN
2d
Fed Cuts Key Rate Again With Powell Speaking; S&P 500 Rises (Live Coverage)
The Federal Reserve cut its main policy rate by 25 basis points on Thursday, citing a continuation of slower job gains. The S ...
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