Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
Fed leaves interest rates unchanged, with Powell offering little on inflation or employment amid uncertainty over Trump's economic policies.
The annual gathering in the Swiss ski resort had a complicated geopolitical backdrop this year.
The Federal Reserve on Wednesday kept interest rates unchanged, bypassing a trend of dropping cuts and bucking President Donald Trump's wishes amid uncertain economic times,
The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.
DAVOS, SWITZERLAND — The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan.
President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday.
U.S. equity funds attracted inflows for the first time in four weeks in the week through Jan. 29, spurred by hopes of interest rate cuts following comments from President Donald Trump, and a rebound in tech shares following Monday's losses.