President Trump seemed willing to allow Jerome Powell to complete his term as chair of the Federal Reserve — at least for now. His comment comes as he and his administration continue to attack Powell.
Federal Reserve
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Two officials fired by Trump return to court to challenge his power
Cathy Harris and Gwynne Wilcox, Democratic board members of independent agencies, argue President Trump lacked the authority to fire them, citing federal law and Supreme Court precedent.
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The Fed cuts interest rates — but Trump’s election could make things trickier
The Federal Reserve cut interest rates by a quarter percentage point. How much further rates fall could depend on how President-elect Trump approaches his second term.
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The latest jobs data provides a really confusing picture. Here are 4 things to know
There was both good news — and bad news — in the latest jobs report, providing an unclear picture as the Federal Reserve weighs how much to cut interest rates.
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The Federal Reserve is getting closer to cutting interest rates
The Fed kept interest rates unchanged at the highest in more than two decades. Investors are betting it will start to lower rates at its next meeting in September.
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The Fed holds rates steady, sees only one rate cut in 2024 as inflation cools slowly
The Federal Reserve held interest rates steady while signaling it can cut rates only once this year. The decision came after data earlier showed inflation cooling slightly.
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Target is cutting prices on 5,000 items including milk, butter and pet food
Target joins other retailers trying to draw inflation-weary shoppers to stores. The chain says reductions have already been reflected in about 1,500 products.
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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.
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Construction boom helps fuel job gains in March
U.S. employers added 303,000 jobs last month, and the unemployment rate dipped to 3.8%. Construction companies added 39,000 jobs, despite high interest rates.
