Fed Chair Powell to give major speech
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President Trump calls for Fed governor to resign
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The Fed left its benchmark interest rate unchanged following its July policy meeting amid uncertainty over the impact of tariffs on inflation and economic conditions.
Federal Reserve policymakers didn’t rock the boat on Wednesday, opting yet again to keep interest rates steady as they wait for more clarity on the state of the U.S. economy. At the conclusion of a two-day policy meeting,
All Eyes on Jackson Hole: Federal Reserve Chairman Jerome Powell is scheduled to deliver the keynote address at the central bank’s annual meeting today in Jackson Hole, Wyoming. Analysts will parse every word like a medium poring over tea leaves to ascertain any hint at the direction the Fed will take on interest rates at its September meeting.
Cleveland Fed President Beth Hammack and Boston Fed President Susan Collins offered competing views of the labor market, highlighting divisions at the Federal Reserve as the central bank prepares to consider whether to reduce interest rates next month.
President Donald Trump resumed attacks on Federal Reserve Chair Jerome Powell, this time claiming he is hurting the housing industry with high rates.
President Donald Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his administration to exert greater control over one of the few remaining independent agencies in Washington.
By Davide Barbuscia NEW YORK (Reuters) -As U.S. debt swells and the White House leans on the Federal Reserve to cut interest rates, investors are weighing the risk of "fiscal dominance," a scenario where keeping government financing cheap eclipses the fight against inflation.
Small-cap stocks were edging up in the final hour of trade Thursday, with investors on edge about what Federal Reserve Chair Jerome Powell might say tomorrow about the path of interest rates. The Russell 2000 index of small-cap stocks was up 0.