The Fed is currently neutral on interest rates but could resume cuts later this year. If you're house hunting, here's how that may—or may not—impact 2025 mortgage rates.

President Donald Trump could be setting up Fed Chair Jerome Powell as a 'scapegoat' if a recession hits, according to an MSU economist.

President Trump says he doesn’t plan to fire Fed Chair Powell, but the calls for rate cuts continue. But the Fed is expected to leave rates unchanged at next month’s policy meeting.

Mr Trump’s ultimate desire is not in doubt. The Fed has cut rates by only a percentage point since September, to 4.25-4.5%. Mr Trump, like most businessmen, dislikes tight money, and covets the lower rates in Europe and elsewhere.

But President Donald Trump’s new declaration that he has “no intention” of firing Federal Reserve Chair Jerome Powell should — in theory, anyway — be very good news for bonds. It potentially lifts a huge cloud of uncertainty that has been depressing bond prices for weeks.

US stocks climbed after Donald Trump said he had no plans to fire Federal Reserve chair Jay Powell, easing worries about the independence of the country’s central bank that had