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Why Trump might not get rapid interest-rate cuts even after he replaces Fed chief Powell
Trump hopes to get lower rates by replacing Fed Chair Jerome Powell with someone who would do what the president wants. But Powell’s term as chair does not end until May 2026. He’s insisted he won’t resign early.
At its last meeting, the Federal Reserve kept its benchmark interest rate in a range of 4.25% to 4.5%. That's too high for President Donald Trump, whose latest jawboning of the central bank came ...
Trump, who has repeatedly slammed Powell over his unwillingness to slash interest rates, added that his nemesis “should ...
The U.S. economy added 147,000 jobs in June, beating analyst expectations, the Bureau of Labor Statistics reported.
The debate over the Federal Reserve's reluctance to lower rates has intensified recently. Those hoping that the Fed would ...
The housing industry is desperate for good news on interest rates, but it didn’t get any from Thursday's jobs report.
Axios Sneak Peek on MSN6h
Minutes show Fed officials divided over tariff-driven inflationFederal Reserve officials debated whether tariff-driven inflation in the months ahead will be a one-time event or an ongoing ...
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