President Donald Trump called on Congress puts pressure on the “very dumb, hardheaded” Federal Reserve Chair Jerome Powell during the central bank’s appearance today before the House Financial Services Committee and tomorrow before the Senate Banking Committee....
Federal Reserve Vice Chairperson for Supervision Michelle Bowman has become the second leader within the central bank to declare a rate cut could be imminent. Speaking at a banking conference in Prague, Czech Republic, Bowman stated, “If inflation remains near its...
Federal Housing Finance Agency Director Bill Pulte ratcheted up his disapproval of Federal Reserve Chairman Jerome Powell, with Commerce Secretary Howard Lutnick joining in the criticism of the central bank’s leadership. On Sunday evening, Pulte took the X to continue...
Federal Reserve Governor Christopher Waller has declared the central bank should be able to cut rates again as early as July. In an interview this morning on CNBC, Waller stated that tariffs are not likely to fuel an inflationary spike. He urged the Fed to move slowly...
The Federal Reserve resisted repeated calls by President Trump to cut rates. The Federal Open Market Committee, the central bank’s policy making arm, voted unanimously to maintain the target range for the federal funds rate at 4.25%to 4.5%. In announcing its decision,...