WASHINGTON -- The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, intensifying the central bank's fight against inflation despite concern that previous rate ...

President Donald Trump urged the central bank to cut rates. Fed Chair Jerome Powell is holding firm — but more and more ...

Federal Reserve Chair Jerome Powell said tariff concerns delayed interest rate cuts, stating the Fed would have likely reduced rates this year if not for potential consumer price hikes.

That suggested Trump thinks the Fed should chop its key short term interest rate by a whopping 3 percentage points or so, from a range of 4.25% to 4.5% to about 1.25%.

President Donald Trump ’s visit to the Federal Reserve on July 24 marks the latest turn in his increasingly vitriolic campaign to pressure Fed Chair Jerome Powell into cutting interest rates or ...

Most Fed Officials Expect 2025 Rate Cuts Despite Tariff Inflation Concerns, Minutes Show By Derek Saul, Former Staff. Derek Saul has covered markets for the Forbes news team since 2021.

Trump tried another tack on June 30, saying the Fed’s refusal to slice rates was costing the federal government nearly $1 trillion in interest on its debt. On his Truth Social site, Trump shared ...

Trump tried another tack on June 30, saying the Fed’s refusal to slice rates was costing the federal government nearly $1 trillion in interest on its debt. On his Truth Social site, Trump shared ...