The effects of potential changes in trade and immigration policy suggested” restoring 2% inflation “could take longer than previously anticipated,” according to the Fed minutes released Wednesday.
Ahead of Donald Trump taking office, Federal Reserve's top banking regulator has resigned from his role as vice chair of supervision.
Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank.
Fed's Christopher Waller signaled that he supports cutting interest rates, despite high inflation and Trump's tariff concerns.
Michael Barr, the Federal Reserve's top regulatory cop, said he will step down on Feb. 28, in a surprise move that will avert a potentially messy legal fight with President-elect Donald Trump who is now free to replace him with an official of his choosing.
President-elect Donald Trump’s legislative agenda faces roadblocks before he even takes office. Despite his Republican Party controlling all branches of the federal government, resolving a once-in-a-decade fight over the tax code as well as immigration and energy policy overhauls is troubled by arcane budget rules,
Donald Trump tariff plans and Fed policies raise questions on their impact on global trade, inflation, and the cryptocurrency market in 2025.
Crypto industry is pushing for Donald Trump to issue an executive order for a strategic Bitcoin reserve soon as he resumes office on Jan 20.
Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.
Investors absorbed a report that President-elect Donald Trump is considering declaring a national economic emergency to pave the way for proposed tariffs.
By Mike Dolan LONDON (Reuters) -Extreme bond market agitation has put the Federal Reserve in a bind. It can either cool long-term inflation fears or acquiesce to President-elect Donald Trump's complaints about interest rates being "far too high.