News

Trump threatens Fed chair Powell with 'major lawsuit,' demands interest rate cut

President Trump blasted Federal Reserve Chair Jerome Powell over the multibillion-dollar renovation of the central bank's ...

Treasury Secretary Scott Bessent pushes back on claims he’s pressuring the Fed to slash rates

Treasury Secretary Scott Bessent clarifies he's not directing the Fed after suggesting neutral interest rates should be 150 ...

Will Powell use Jackson Hole speech to push back on hopes for September rate cut?

Federal Reserve Chair Jerome Powell is likely to push back on growing investor expectations for a September interest-rate cut, as the rate-setting committee is still divided over its next move.

Trump threatens legal action against Powell over Fed HQ, demands immediate rate cuts as inflation holds steady

Trump returned to his sharp critiques of the Fed chair, saying "Jerome 'Too Late' Powell must NOW lower the rate" after the ...

Fed holds interest rates steady, Chair Powell says Fed independence 'very important'

The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to ...

Powell says Fed does not consider government interest rate costs in policy debate

U.S. Federal Reserve Chair Jerome Powell on Wednesday said there is no place for the central bank to consider government ...

Powell didn’t just refuse to deliver a rate cut—he also hinted a raise could have been on the cards

Powell put a cat among the pigeons by suggesting he was minded to "look through" tariff-induced inflation by not increasing ...

Gold futures edge higher on U.S. interest rate cut optimism as Bessent weighs in

Gold futures posted modest gains Wednesday on heightened expectations of a Federal Reserve interest rate cut after mild July ...