Trump, Fed and interest rates
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The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
1don MSN
President Donald Trump’s pressure campaign against the Federal Reserve and Chair Jerome Powell to lower interest rates entered a new front this week
The central bank is quietly pushing back with a new "Frequently Asked Questions" page on its website defending the central bank's renovation.
Russell Vought, director of the Office of Management and Budget, said Federal Reserve Chair Jerome Powell "has grossly mismanaged the Fed."
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and signs of labor mark
The research, co-authored by New York Fed President John Williams, tracks how the risk of reaching the zero lower bound—the point where interest rates are at or near zero—has changed over time. It turns out that the probability tends to rise when economic uncertainty increases.