News

Federal Reserve gov’s exit could accelerate Trump’s selection of next chair

Adriana Kugler’s exit unfolds amid unprecedented public pressure from the White House on the central bank over monetary ...

Despite Trump’s Pressure, Fed Holds Interest Rates Steady

This was the fifth consecutive meeting at which the Federal Open Markets Committee (FOMC) kept its benchmark Federal Funds ...

Fed Governor Kugler is resigning, giving Trump a nominee on committee that sets interest rates

Her resignation now paves the way for Trump to put his own nominee in for the board. Two of his prior appointments, ...

Federal Reserve leaves interest rates unchanged despite pressure from Trump

The Federal Reserve left its benchmark interest rate unchanged for the fifth straight meeting amid tremendous pressure from ...

Fed leaves interest rates unchanged amid Trump pressure. 2 governors dissent.

The Federal Reserve left its key interest rate unchanged at 4.25% to 4.5% and offered no clues on whether it will resume its rate cuts in September.

The Fed holds interest rates steady despite intense pressure from Trump

The Federal Reserve left its benchmark interest rate unchanged Wednesday, but a rate cut is possible in September. President Trump has been urging the central bank to lower borrowing costs.