The data that caused President Donald Trump to fire the head of the Bureau of Labor Statistics because he did not like the ...

Neither Presidents Kashkari or Daly—nor Governor Cook—dissented at the July meeting. With Governor Chris Waller and FOMC ...

Michelle Bowman, the Fed’s Vice Chair of Supervision, has argued for three interest rate cuts in 2025, citing signs of a ...

Each of the rate cuts is forecasted to be a 0.25% cut, which would take the Fed funds rate range down to 3.5% to 3.75% by the end of 2025.

Reuters FILE PHOTO: Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, speaks during an interview with Reuters in New York City, New York, U.S., May 22, 2023.

If the bad news is swift and severe, then the Fed will have to scramble. “We do see a growing risk that the first move is larger, i.e. 50 basis points, because we think the Fed at that point may ...

Median forecasts from the central bank’s June meeting indicate Fed staff expect inflation to climb from 2.7% to 3.1% by December.

Policymakers have kept the Fed rate at between 4.25% and 4.5% since December as inflation remains above its 2% target. The inaction has infuriated Trump, who has walked back threats to fire Powell ...

The last time the Fed cut rates was in December 2024, when it trimmed its policy rate by 25 basis points. Waller warned that not easing this month could create issues down the road.

Fed's Kashkari expects two rate cuts this year, with pause possible By Reuters June 27, 20255:03 AM PDTUpdated June 27, 2025 ...