Trump Lashes Out At Jerome Powell After Fed Doesn’t Cut Interest Rates
Trump accuses Fed, Powell of creating inflation on heels of rate decision
Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump
Inflation ticked higher last month, in latest sign of persistent price pressures
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts.
Powell Says Change in Statement Language on Inflation Isn’t a Signal
Fed Chair Jerome Powell said Wednesday that he continues to look at the overall progress that inflation has made in moving back toward the central bank’s 2% target. While the bank’s latest statement did leave out a December reference to strides made in the fight against inflation,
Fed Chair Powell: Don't need to see further weakness in labor market to achieve 2% inflation goal
Federal Reserve Chair Jerome Powell fields questions from reporters after the central bank announced it would leave rates unchanged.
Watch live: Fed Chair Jerome Powell answers questions after rate hold
Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.
Fed Stays Steady, and Powell Offers No Guidance on Future Rate Cuts
After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.
Trump: Fed failed to beat inflation, 'I will do it'
The president’s post suggests that he intends to continue his criticism of Fed Chair Jerome Powell on social media, which became a regular feature during his first term.
Fed meeting recap: Powell says central bank is in no hurry to cut rates again
Central bank policymakers are widely expected to stand pat on interest rates. Investors await further details from Fed Chair Jerome Powell’s press conference.
Powell says Fed doesn’t need to be in a hurry to lower rates
Fed officials want downward pressure on the economy to ensure inflation cools to 2 per cent target. Read more at straitstimes.com.
Trump says Powell and Fed ‘failed to stop the problem they created’ on inflation
President Donald Trump wasted no time criticizing the Fed after it held rates steady Wednesday, arguing Jerome Powell and the central bank "failed to stop the problem they created" on inflation.
Fed’s preferred inflation gauge posts largest monthly gain since April as tariff fears boost spending
“The Fed’s prognosis is for a slower pace of monetary easing moving forward, as the economy is doing well and prices are only slowly returning to target in an environment of great uncertainty,” said Carl Weinberg, chief economist at High Frequency Economics. “These data support that strategy.”
Fed pauses interest rate cuts as inflation, Trump's plans create uncertainty
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.