In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
President Trump said if oil prices come down he'll demand lower interest rates immediately, adds he knows rates 'much better' than Fed officials
Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest rates.
President Donald Trump is putting pressure on policymakers to lower interest rates just days before the Federal Reserve's first rate-setting meeting of 2025. "With oil prices going down, I'
Eight days after President Donald Trump’s return to the White House, Federal Reserve officials will gather in Washington to discuss the outlook for interest-rate policy, with a goal of simply trying to stay out of the way.
The Federal Reserve will gather this week for its first meeting of 2025 under the looming shadow of a new US president who is already posing challenges to the central bank with his words and possible actions.
Global markets show positive momentum following lower-than-expected US core inflation, while South African markets respond to international pressures and await crucial MPC decision. Trump's remarks on
Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was reappointed by Obama and sworn in on June 16, 2014, for a term that expires on Jan. 31, 2028.
The Federal Reserve is widely expected to hold its key interest rate steady on Wednesday as officials wait for more data that indicates inflation is cooling.
On a weekly basis, Wall Street’s main indexes are set for their second straight week of advances, with the blue-chip Dow on track for its biggest weekly jump since October 2022.
President Trump’s accusation that Bank of America’ dropped conservatives as clients serves as a reminder C.E.O.s may face unexpected attacks by the White House.