Fed holds key fee regular

Fed holds key fee regular

WASHINGTON – The Federal Reserve on Wednesday kept interest rates steady amid expectations of higher inflation and lower economic growth ahead, and still pointed to two reductions later this year. With markets expecting no chance of a central bank move this week, the Federal Open Market Committee kept its key borrowing rate targeted in a … Read more

Trump calls Fed chief Powell ‘numbskull’ as he urges rate of interest reduce

Trump calls Fed chief Powell ‘numbskull’ as he urges rate of interest reduce

US Federal Reserve Chair Jerome Powell waits to speak during a conference marking the 75th anniversary of the International Finance Division of the Federal Reserve Board in Washington, DC, on June 2, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump ripped Federal Reserve Chair Jerome Powell as a “numbskull” on Thursday as … Read more