UmairFed officials are raising concerns about Trump’s tariffs and inflation
Austan Goolsbee speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBC Federal Reserve officials take great pains not to comment on fiscal policy, but the looming threat…
Fed Chair: Banks Are Perfectly Able to Serve Crypto Customers
The Federal Reserve sees a future for crypto in banking, with Chair Jerome Powell saying banks can serve crypto customers—if they manage risks responsibly. Fed Chair Jerome Powell Breaks Silence…
U.S. economy grew at a healthy 2.3% pace last quarter, driven by increased consumer spending
The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy’s output of…
No Rate Cut: Powell’s Steady Hand Defies Political Pressure; Crypto Gains Amid Equity Retreat
Following former President Donald Trump’s declaration that he would “demand” interest rate cuts from the U.S. Federal Reserve, policymakers defied external pressure Wednesday, maintaining the federal funds rate without adjustment.…
DoubleLine’s Gundlach says his base case is one rate cut this year, two max
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects only one rate cut…
Fed’s Powell has had no contact with Trump after president said he’ll demand rates drop
Federal Reserve Chair Jerome Powell said Wednesday he has not spoken to President Donald Trump since the newly inaugurated president told business leaders he would demand the central bank lower…
Fed holds rates steady, takes less confident view on inflation
The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and…
Fed meets for first time since Trump’s term started. What to expect
US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024. Andrew Caballero-Reynolds | AFP | Getty…
deeply unpopular despite growth and jobs
U.S. President Joe Biden delivers remarks on the U.S. economy and his administration’s effort to revive American manufacturing, during his visit in Flex LTD, a factory that makes solar energy…
