Fed's Waller: Rate cuts should be considered by July given inflation data - CNBC
The Federal Reserve should consider cutting interest rates at its next meeting given recent tame inflation data and the fact that any price shock from import tariffs will be short-lived, Federal Reserve Governor Christopher Waller said on Friday.
Federal Reserve starts to split on when to begin cutting US interest rates
Donald Trump’s tariffs have opened a schism at the Federal Reserve as top policymakers spar over whether to cut interest rates as soon as this summer or hold them steady for the remainder of 2025.
Fed’s Waller Suggests Central Bank Could Cut Rates in July
Federal Reserve governor Christopher Waller said the central bank could be positioned to cut interest rates at its July meeting, notwithstanding potential inflation pressures from tariffs. “I think we ...
Trump rips into 'too late' Jerome Powell after Fed holds rates steady
President Donald Trump has long criticized Federal Reserve Chair Jerome Powell for not lowering interest rates.
Summers Sees Trump Naming ‘Respected’ Replacement for Powell
Former Treasury Secretary Lawrence Summers said he expects Donald Trump to name a mainstream candidate to replace Federal Reserve Chair Jerome Powell, despite the president’s bashing of the US central bank leader for failing to cut interest rates this year.
Real interest rates are going to be higher for a very long time, says Harvard's Kenneth Rogoff
Kenneth Rogoff, a Professor of Economics at Harvard University, says the Fed's independence is fragile and discusses the future of the dollar and the U.S. worsening debt crisis.
The Fed held interest rates steady, but some credit card APRs keep going up. Here's why
Although the Federal Reserve hasn’t moved its benchmark since December, the average card rate keeps edging higher.
Banks Offer Higher Rates on Deposits as BOE Drains Liquidity
UK banks are offering unusually high interest rates to clients in order to attract cash, the latest sign of how the Bank of England’s balance-sheet reduction is shrinking liquidity in the system.
Fed’s Waller Suggests Could Cut Rates in July
Federal Reserve governor Christopher Waller said the central bank could be positioned to cut interest rates at its next meeting in July, notwithstanding potential inflation pressures from tariffs. “I think we’ve got room to bring it down,
Trump rips into ‘too late' Jerome Powell after Fed holds rates steady
President Donald Trump has long criticized Federal Reserve Chair Jerome Powell for not lowering interest rates.
When is the Next Fed Meeting? Here's the Calendar
The Federal Reserve finishes its two-day meeting Wednesday with an interest-rate announcement scheduled for 2 p.m. ET, and a press conference with Chair Jerome Powell afterward. The central bank will ...
Trump rips Powell, suggests appointing himself to Fed
President Trump ramped up his criticism of Federal Reserve Chair Jerome Powell and suggested appointing himself to the central bank. “Maybe I should go to the Fed,” Trump mused at the ...
Trump Calls Jerome Powell 'Stupid' For Not Cutting Interest Rates
President Donald Trump called Fed Chair Jerome Powell a "stupid person" for not lowering interest rates. "He's a political guy who's not a smart person." ...
Trying to juggle interest rates, layoffs and the Iran conflict? Take these 5 steps to control your money right now.
If you’re feeling more irritable, having trouble sleeping, or constantly checking the news about the Middle East, interest rates, layoffs or the housing market, you’re not alone. Economic and geopolitical uncertainty is taking a toll on Americans — not just on their wallets,
How to Watch Fed Chair Jerome Powell’s Press Conference
The Federal Reserve's interest-rate decision is due at 2 p.m. ET. Chair Jerome Powell will hold a news conference at 2:30 p.m. You can watch it live here: ...
Here’s how the stock market tends to react to Fed decisions — and how a twist this week could change that
U.S. financial markets will be closed Thursday in observance of the Juneteenth holiday. The Fed has never delivered a decision the day before a public holiday going back to at least 2000, according to ...
What to Watch for as the Federal Reserve Meets
The Federal Reserve is set to release its latest decision on interest rates at 2 p.m. ET on Wednesday. The central bank is widely expected to keep rates steady, despite [heavy political pressure]( ...
All three major stock indexes move higher ahead of Fed's policy update
Stocks remained higher as Wednesday afternoon trading got under way, with investors focused on the possibility that the U.S. can avoid direct involvement in the Israel-Iran war. Meanwhile, Federal Res ...
Fed set to keep rates unchanged as Middle East crisis, tariffs cloud outlook
The Federal Reserve is expected to keep interest rates unchanged on Wednesday as its policymakers assess signs of a cooling economy, the risk of higher inflation from U.S. import tariffs, an escalating crisis in the Middle East,
Watch live: Powell speaks after Fed holds rates steady despite Trump cut pressure
Federal Reserve Chair Jerome Powell is giving remarks Wednesday afternoon as the nation’s central bank is expected to keep interest rates steady, despite pressure from President Trump to make cuts.
Fed Officials Hold Rates Again, Still See Two Cuts by Year End
Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook was still high but had diminished.
Here’s How Markets Are Reacting to Fed Decision
Here's how asset prices are reacting to the Federal Reserve's latest interest rate decision, holding its key short-term rate steady:
Fannie, Freddie chief to Powell: Cut rates or resign
The head of the federal agency responsible for overseeing Fannie Mae and Freddie Mac called Wednesday for Federal Reserve Chair Jerome Powell to resign if the central bank doesn’t cut rates ...
Fannie, Freddie oversight chief to Powell: Cut rates or resign
The head of the federal agency responsible for overseeing Fannie Mae and Freddie Mac called Wednesday for Federal Reserve Chair Jerome Powell to resign if the central bank did not cut rates that ...
Trump knocks Fed's Powell, muses about appointing himself to lead central bank
U.S. President Donald Trump on Wednesday knocked Federal Reserve Chair Jerome Powell for what he expected would be a decision not to lower interest rates and said the man he put in the role during his last term had done a poor job.
Powell Sees ‘Nothing Troubling’ in Current Labor Market
Federal Reserve Chair Jerome Powell says the central bank “can see perhaps a slow, continued cooling” in the labor market, but he told reporters that’s not troubling given strength in the labor force ...
Jerome Powell: We're watching the labor market 'very carefully' for signs of weakness and strength
Federal Reserve Chair Jerome Powell takes questions from reporters after the central bank announced its decision to leave interest rates unchanged.
When Will the Fed Cut Rates? When It Has ‘Confidence That Inflation Is Coming Down,’ Powell Says
Federal Reserve Chair Jerome Powell says the central bank needs to gain confidence that inflation is coming down before it can start cutting rates. “There’s a lot of uncertainty about that,” given ...
Powell Says Pace of Job Creation Is a Concern
While Federal Reserve Chair Jerome Powell generally has a pretty rosy view of the current labor market, he tells reporters that although there aren’t a lot of layoffs, “more concerning” is the fact ...
Fed's Powell says he expects to see more tariff-driven price hikes in coming months
Federal Reserve Chair Jerome Powell said on Wednesday that Fed policy makers expect inflation in goods prices to go up over the course of the summer as the impact of President Donald Trump's tariffs work their way to U.
Transcript: Fed Chief Jerome Powell’s Postmeeting Press Conference
The policymaker discussed the Fed’s decision to hold rates steady and its latest summary of economic projections.
Trying to juggle interest rates, layoffs and the Iran conflict? These 5 steps give you control of your money now
If you’re feeling more irritable, having trouble sleeping, or constantly checking the news about the Middle East, interest rates, layoffs or the housing market, you’re not alone. Economic and ...
Brazil central bank raises rates by 25 bps in seventh straight hike
Brazil's central bank raised interest rates by 25 basis points on Wednesday, delivering a seventh consecutive hike that defied bets it would hold rates steady, as unanchored inflation expectations and ...
Fed keeps rates steady as Trump ramps up attacks on Powell
The Federal Reserve kept interbank interest rates at a range of 4.25 to 4.5 percent on Wednesday amid trade policy fluctuations and pressure from President Trump.
Powell sticks it to Trump on interest rates — and beyond
President Trump joked that he should appoint himself Fed chair — but Jerome Powell showed him who is really in charge of interest-rate policy.
Bank of England to keep rates on hold with Middle East conflict in spotlight
Britain's central bank looks set to keep interest rates on hold on Thursday as it waits to see if the economy and inflation continue to weaken, or whether the country will be hit by an energy price ...
CNBC Daily Open: Stagflation on the Fed's mind
Recent economic data suggest that the U.S. economy might have escaped from tariffs mostly unscathed. But the numbers might not reflect tariffs’ full impact yet.
Fed’s Powell Says Tariffs Likely to Lift Prices
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Trump lashes out at "dummy" Jerome Powell as pressure tactics ignored
The Fed is concerned about the outlook for inflation amid the uncertainty over tariffs and the geopolitical situation.
Fed holds interest rates steady: What that means for your credit cards, auto loans, mortgage and more
The Fed’s decision to hold rates steady still has far-reaching implications for almost all forms of borrowing as well as the returns on most savings accounts.
Watch Fed Chair Jerome Powell’s Press Conference
The Federal Reserve held rates steady, and Chair Jerome Powell's news conference has wrapped up. You can watch it here: ...
Bank of England Holds Rates Steady at 4.25% in Dovish 6-3 Vote
The Bank of England held interest rates at 4.25% in a more divided vote than expected as policymakers reacted to signs of softening in the labor market and weak growth against a backdrop of mounting ...
Here's how retail credit cards can get you with record high interest rates
Retail credit card debt is accounting for a greater proportion of overall debt in consumer bankruptcies in recent years. A big reason is the record high interest rates banks, including Synchrony and Bread Financial,
When Is the Next Fed Meeting? Here’s the Calendar
The Federal Reserve just announced it is holding rates steady. Chair Jerome Powell's [press conference]( ...
UK's Central Bank Set to Keep Interest Rates on Hold Amid Middle East Uncertainties
The Bank of England is set to keep interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States and send oil prices soaring and push U.K. i
Powell Says Fed Expects ‘Meaningful’ Amount of Inflation in Coming Months
Federal Reserve Chair Jerome Powell said the central bank will hold rates steady, adding that the U.S. economy remains in a ‘solid position.’
Trump Lashes Out at 'Dummy' Jerome Powell As Pressure Tactics Ignored
President Donald Trump has been highly critical of Jerome Powell, chastising him for not cutting interest rates and making clear he wants a new Fed chair.