Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday.
Federal Reserve Gov. Michelle Bowman is widely seen as the president's most likely choice for vice chair for supervision, a position soon to be vacated by Michael Barr. But while Bowman is the administration's most straightforward option,
Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.
In today's newsletter, President Donald Trump's plan for widespread buyouts still raises plenty of questions. What's on deck Markets: The people who won big betting on Nvidia early aren't sweating things.
The decision reflects a cautious stance as the Fed assesses the direction of inflation and policies President Trump may implement.
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Donald Trump to renew his criticism of the central bank.
The Federal Reserve left interest rates unchanged Wednesday as it began a new wait-and-see policy stance amid a cloudy economic outlook and uncertainty over whether some of President Donald Trump’s policies could stymie the fight against inflation.
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.
The latest inflation figures arrive as President Donald Trump has threatened to impose big import taxes on goods from Canada and Mexico.