President Donald Trump blasted Fed Chair Jerome Powell and the nation's central bank Thursday, blaming their actions for inflation and vowing to unleash American energy production to bring it down
Inflation was a driving force behind Donald Trump’s election, but he’s put the issue on the back burner during his first week in office.
Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.
Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.
The Federal Reserve decided to delay additional rate cuts for now and keep interest rates unchanged at its first meeting of the year, giving themselves time to assess whether inflation is cooling and how President Donald Trump’s policies might impact the U.S. economy.
President Trump at a rally in Las Vegas on Saturday promoted his "No Tax On Tips" proposal and talked about how the current tax system punishes workers in the food and beverage industry. "When I think of Biden,
The move comes after the order sparked widespread criticism and confusion. A federal district judge had temporarily paused the freeze.
President Donald Trump is renewing his old attacks on the Federal Reserve and its chair, Jerome Powell, after the independent body voted to hold interest rates steady in its first rate decision of the year.
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.
One goal mentioned was increasing baseload power generation to help reduce electric bills for individuals and businesses as well as prevent blackouts and brownouts.