Fed Holds Rates Steady Amid ‘Elevated’ Inflation and Trump Uncertainty
Trump and his GOP allies are readying an ambitious agenda that includes increased deportations of immigrants, higher tariffs on imported goods from Mexico, Canada and China, as well as extending some of the 2017 tax cuts that are set to expire at the end of the year.
Fed likely to hold rates steady despite Trump call for cuts as it awaits tariff, immigration changes
President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends Wednesday.
Fed pauses interest rate cuts as inflation, Trump's plans create uncertainty
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.
Trump: Fed failed to beat inflation, 'I will do it'
The president’s post suggests that he intends to continue his criticism of Fed Chair Jerome Powell on social media, which became a regular feature during his first term.
Trump may be his own worst enemy in his fight against the Fed
Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday.
Trump is getting the lower interest rates he demanded from everyone but the Fed
U.S. President Donald Trump is getting his wish that interest rates drop across the world, just not at home where a strong economy and uncertainty over his own policies have set the stage for the Federal Reserve to diverge from its central bank peers.
How Trump could radically reshape the Fed
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.
GOP consumers aren’t sweating inflation. Democrats are panicking.
Republicans generally expected higher inflation than Democrats throughout President Joe Biden ’s presidency, according to the University of Michigan’s monthly consumer sentiment survey. Still, from ...
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Congress must terminate the Inflation Reduction Act
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House GOP retreat aims to heal energy divisions
As they gather this week at President Donald Trump's Miami resort, House Republicans face a host of tough decisions.
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Cozen Currents: The GOP's Elusive Spending Cuts
Despite all the discussion of spending cuts under the new unified GOP control in Washington, two words that President Trump did not utter even ...
Senate confirms Scott Bessent as Trump’s Treasury secretary
Scott Bessent on Monday secured confirmation to lead the Department of the Treasury, putting President Trump’s top economic ...
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Will Donald Trump and the GOP-controlled Congress kill the Inflation Reduction Act?
It’s Inauguration Day, and Washington, D.C. is about to get very different for at least the next few years, as the GOP cements its ... after the annual rate of inflation topped 9%, included ...
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New York GOP sees opportunity under Trump’s second term
New York Republican leaders hope Donald Trump’s second term boosts their chances in the 2026 gubernatorial race. GOP chair Ed ...
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Welch urges GOP to continue Medicare drug price negotiations
Vermont leaders in Washington are urging the Trump administration not to roll back efforts that make medications less ...
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Banking and finance experts optimistic but cautious regarding new administration’s impact
Finance experts discuss how Trump's tax cuts and deregulation plans could impact businesses, banks, and inflation under the ...