President Trump resumed his public dissatisfaction with Federal Reserve Chairman Jerome Powell after yesterday’s decision by the central bank not to lower the federal funds rate. In a posting on Truth Social, Trump declared, “Because Jay Powell and the Fed failed to...
The Federal Reserve announced it will not cut rates today, maintaining the target range for the federal funds rate at 4.25% to 4.5%. “In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will...
A Phil Hall Op-Ed: If you are a fan of Joe Biden who dislikes seeing him criticized in this op-ed column, I can assure you that this will be the last time I will use this space to find fault with him. As Biden departs the White House today, it is appropriate to look...
President-elect Donald Trump declared that interest rates remain too high and inflation is still too elevated for comfort, comments that could be seen as a resumption of his tensions with the Federal Reserve. At a press conference this morning at his Mar-a-Lago club...
Three major central banks have announced rate cuts for their respective economies. The European Central Bank (ECB) announced it was cutting rates by a quarter percentage point today, lowering its benchmark from 3.25% to 3%. “The disinflation process is well on track,”...
Euro-Area Housing Loan Demand Falls Sharply as Higher Rates Hit Borrowers
