Fed Officials Stick to Cautious Message on Rate Cuts Despite Pressure From Trump
Jerome H. Powell, chair of the Federal Reserve, has made clear that pre-emptive interest rate cuts are not appropriate for the moment.
It Is Happening Every Day, Every Where
Jerome H. Powell, chair of the Federal Reserve, has made clear that pre-emptive interest rate cuts are not appropriate for the moment.
President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.
Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.
Jerome H. Powell says the Fed is focused on separating “signal from the noise,” as the president whipsaws on tariffs.
A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities has set off alarm.
Federal Reserve Bank officials said the decision to leave the network came after the group’s work had “increasingly broadened in scope.”