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Trump calls on Fed board to take 'control' if rates not cut

Fed Won't Budge on Interest Rate Cut Despite Trump's Demand for Mortgage Relief

As was widely expected, Fed policymakers on Wednesday left the central bank's overnight rate unchanged at a range of 4.25% to 4.5%.

USA TODAY · 2d

Did the Fed cut interest rates Wednesday? No, but here's when they might

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

Fortune on MSN · 15h

A vacancy on the Fed is opening early as Trump urges board to ‘assume control’ if Powell doesn’t cut rates

In the press conference following the Fed’s decision to keep rates unchanged, Powell hesitated to guide toward a rate in the coming months. He struck a hawkish tone, according to a note by Bank of America’s macroeconomics team, putting a damper on investor hopes that the FOMC’s next meeting in September could bring a rate cut.

Fed Governor Adriana Kugler resigns early in boost for Trump

CNBC on MSN · 1d

Fed Governor Kugler is resigning, giving Trump a nominee on committee that sets interest rates

Her resignation now paves the way for Trump to put his own nominee in for the board. Two of his prior appointments, Christopher Waller and Michelle Bowman, voted against the decision at Wednesday's meeting to hold the Fed's key rate steady, instead indicating they wanted to lower. Kugler was absent for the vote.

Bloomberg on MSN · 23h

Fed Governor Kugler to Resign, Opening Spot for a Trump Pick

Federal Reserve Governor Adriana Kugler will step down from her position on the central bank’s board, the Fed announced Friday, handing President Donald Trump a sooner-than-anticipated opportunity to install a new policymaker who aligns with his vision for interest rates.

The Wall Street Journal on MSN · 1d

Federal Reserve Governor Adriana Kugler to Resign

Kugler’s departure creates an opportunity for President Trump to nominate a potential successor to Fed Chair Jerome Powell.

2 Fed dissenters said they're worried about job market

Reuters on MSN · 1d

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 bank should have cut interest rates when it met this week, as it offered some support to those who’d favored an easing in borrowing costs.

MarketWatch · 1d

The two Fed dissenters said they're worried about job market

The two dissenters from the Federal Reserve's decision to hold policy steady both said they wanted lower rates because of concerns about the labor market. Fed Vice Chair Michelle Bowman said the labor market "shows increasing signs of fragility.

Markets Insider on MSN · 1d

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 cooling labor market.

2d

Fed Keeps Rates Steady Despite Internal Divisions and Political Pressure

The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has ...

1don MSN

Is credit card debt forgiveness still worth it with interest rates paused?

Fed rates stayed put in July, but does that change the route you should take to deal with your credit card debt?

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