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Powell faces fresh challenges to Fed independence amid potential rate cut
For months, Jerome Powell largely ignored President Donald Trump’s constant hectoring that he reduce borrowing costs. On Friday, he changed course, saying the Fed could lower interest rates as soon as its next meeting in September.
In just three months, tariffs as a percentage of imports quadrupled, topping 10% for the first time in two decades, according ...
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Powell didn't promise September interest rate cut, may hold steady if data is ugly, Rosengren says
Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are ...
Federal Reserve Chairman Jerome Powell is delivering a high-profile speech in Jackson Hole, Wyoming, as he faces major ...
While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease ...
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