Trump has threatened to fire Fed Chair Jerome Powell, challenging the Fed’s independence. Experts say he’s not the first president to target the central bank, but he’s the most public and aggressive.
Fed Chairman Jerome Powell
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Eggs, milk and other grocery prices fall as overall inflation eases
Inflation eased a bit last month, according to a report Wednesday from the Labor Department. Consumer prices in April were up 3.4% from a year ago — a smaller annual increase than the month before.
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Fed keeps interest rates at 23-year high
The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed’s 2% target. Investors now think it could be September or later before rates start to fall.
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Why beating inflation is turning out to be as hard as losing weight
Annual inflation proved to be hotter than expected last month, staying stubbornly above 3%. It continues to move in the wrong direction in recent months. Pushing it lower is proving to be hard.
