Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
The annual gathering in the Swiss ski resort had a complicated geopolitical backdrop this year.
Fed leaves interest rates unchanged, with Powell offering little on inflation or employment amid uncertainty over Trump's economic policies.
The Fed held interest rates steady as it continues to combat inflation. President Trump wants to see lower rates, but some of his policies could fuel more price hikes.
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US Federal Reserve policymakers meeting next week are expected to keep interest rates on hold but the larger story unfolding will be how the central
DAVOS, SWITZERLAND — The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan.
U.S. equity funds attracted inflows for the first time in four weeks in the week through Jan. 29, spurred by hopes of interest rate cuts following comments from President Donald Trump, and a rebound in tech shares following Monday's losses.
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.
President Trump sees global interest rates dropping, but the strong U.S. economy and his policies lead the Federal Reserve to diverge from other central banks. The ECB, Bank of Canada, and BoE are cutting rates,