Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.
Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.
The move comes after the order sparked widespread criticism and confusion. A federal district judge had temporarily paused the freeze.
The Federal Reserve decided to delay additional rate cuts for now and keep interest rates unchanged at its first meeting of the year, giving themselves time to assess whether inflation is cooling and how President Donald Trump’s policies might impact the U.S. economy.
Kentucky Gov. Andy Beshear (D) said President Trump is addressing everything “but inflation and prices” in his first week in office. Beshear joined CNN on Tuesday, where he weighed in on
Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office WASHINGTON -- Two months ago, in his first network ...
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.
Gold traded in a relatively narrow price range on Thursday as investors focused on U.S. President Donald Trump's tariff plans and a key inflation report for monetary policy cues. Spot gold was up 0.1% at $2,
The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump called on the central bank to lower them. The announcement put the central bank on a potential collision course with Trump, though a longstanding norm of independence typically insulates the Fed from direct political interference.