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 Federal Reserve on Wednesday kept interest rates unchanged, bypassing a trend of dropping cuts and bucking President Donald Trump's wishes amid uncertain economic times,
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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.
DAVOS, SWITZERLAND — The Federal Reserve now needs to be on ... the BofA chair and CEO told Yahoo Finance at the World Economic Forum in Davos, Switzerland. Moynihan added: "We are not a central ...
President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.
The Fed made the right call in hitting pause this week. "I'm not sure that pausing is really all the bad for stocks in the short term," Mike Wilson said.
Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday.