President Donald Trump has called out the Federal Reserve in recent weeks, urging the central bank to continue cutting interest rates. But Chair Jerome Powell said Wednesday that he hasn’t had any contact with the president and declined to comment on any of Trump’s remarks.
Trump, who appointed Jerome Powell as Fed chair, has called for lower interest rates and said the president should get a say on the Fed's rate decisions.
The US Fed held rates steady, reaffirming its independence despite President Donald Trump’s demands for cuts. Fed Chair Jerome Powell dismissed political pressure, while Trump accused the Fed of failing to control inflation.
Federal Reserve Chair Jerome Powell is holding a press conference Wednesday afternoon, the first since President Trump began his second term. Powell, who is expected to serve out the rest of his
A desire for low rates confronts a very different economic backdrop—with higher price pressures—from his first term.
The US president accused Jerome Powell leader of failing to 'stop the problem they created with inflation.' Powell said he would not respond to Trump's comments.
The US Fed held rates steady as Jerome Powell took a wait-and-see approach to Donald Trump’s tariff plans, citing uncertainty over their economic impact. Markets reacted cautiously amid inflation concerns.
Investors today will be listening to how Fed Chair Jerome Powell addresses the potential effect that President Donald Trump could have on the future path of monetary policy.
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.
In a post on Truth Social, President Donald Trump vowed to stop inflation himself with regulatory cuts, increasing energy production, and rebalancing trade. “If the Fed had spent less time on DEI, gender ideology,
President Donald Trump wasted no time criticizing the Fed after it held rates steady Wednesday, arguing Jerome Powell and the central bank 'failed to stop the problem they created' on inflation.