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Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy
Two Federal Reserve officials who voted this week against holding a key interest rate in place explained their decisions Friday, both indicating that the central bank is making a mistake by waiting to ease policy amid rising threats to the labor market.
Uncertainty about economy’s future is keeping Fed rate cuts on hold
The US economy has been resilient six months into President Donald Trump’s tariff regime with low unemployment, a return to growth in the second quarter and moderated — though still above the 2%
Waiting for a Fed rate cut? Chair Powell offered few signals of one, economists say
Nothing tariffs are starting to push up prices, Powell said the Fed is already “looking through” goods inflation by not raising rates. That “could be pushback to those who might want lower rates now," economist Michael Feroli of JP Morgan Chase wrote to clients.
Trump: Fed Board Should Assume Control if Powell Won't Lower Interest Rates
U.S. President Donald Trump said on Friday the Federal Reserve board should assume control if Fed Chair Jerome Powell continues to refuse to lower interest rates. "Jerome 'Too Late' Powell, a stubborn MORON,
Fed's Powell sticks with patient approach to rate cuts, brushing off Trump's demands
Federal Reserve Chair Jerome Powell gave little indication on Wednesday of bowing anytime soon to President Donald Trump's frequent demands that he cut interest rates, even as signs of dissent emerged on the Fed's governing board.
Trump slams Powell as 'moron' and calls for Fed's board to take control of policy moves
President Donald Trump attacked Federal Reserve Chair Jerome Powell on Truth Social, urging the Fed's Board to assume control if Powell refuses demanding immediate interest rate cuts.
Trump admin live updates: Trump calls on Fed board to take 'control' if rates not cut
The Fed opted to hold interest rates steady this week. President Donald Trump issued an executive order slapping tariffs on many of America's trading partners but the new duties are set to go into effect in seven days.
Trump says Powell is a 'moron' and calls for the board to 'assume control' of the Fed, soon after it kept rates steady again
Trump escalated pressure on Fed Chair Jerome Powell in a Truth Social post on Friday, urging the Fed's board to intervene and slash interest rates.
Can Trump fire Jerome Powell? What to know about Fed chair Trump calls ‘too stupid’
President Donald Trump has long criticized Jerome Powell about interest rates. The Federal Reserve did not drop rates recently. Can Trump fire Powell?
Trump calls on the Federal Reserve board to take full control of the central bank from Powell
President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell
Axios on MSN1d
The Fed thinks the economy is just fine, and won't budge on inflation risks
New data supports Federal Reserve chair Jerome Powell's view of underlying stability and ongoing inflation risk.
Former Fed Chair sends stern message on economy, Fed
Former Fed Chair Janet Yellen is a former Treasury Secretary, former head of the White House Council of Economic Advisors, and current professor emeritus at the University of California at Berkeley.
Fed Governor Steps Down Early, Giving Trump Opportunity to Shape Central Bank
The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome ...
Here's the case for lower rates from the Fed's 2 dissenting voices
The Fed opted against cutting rates, but a rare dissent from two governors says the central bank risks being too late amid a ...
Trump fires US labor official over data and gets earlier than expected chance to reshape Fed
In a second surprise economic policy development, Fed Governor Adriana Kugler unexpectedly announced her resignation on ...
Fed Holds Rates Despite Internal Divisions and Political Pressure
Federal Reserve officials left interest rates unchanged, despite rare dissent among policymakers. Fed Chair Jerome Powell ...
US stocks fall on Trump's tariffs and attack on Fed chair, weaker-than-expected job growth
U.S. stocks held losses after Trump ordered a new slate of tariffs and jobs growth slowed more than expected. Amazon drops on ...
Trump calls Powell a 'stubborn moron' and urges Fed board to seize control of central bank
Trump called Powell a "stubborn MORON" on Truth Social and said that if he "CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME ...
Weakening US jobs market hits center of Fed rate policy debate
Surprisingly weak July hiring data released on Friday highlighted a fractious Federal Reserve debate over whether the central ...
Fed keeps interest rates unchanged for fifth-straight time
President Donald Trump urged the central bank to cut rates. Fed Chair Jerome Powell is holding firm — but more and more colleagues don’t agree.