News

Trump threatens Fed chair Powell with 'major lawsuit,' demands interest rate cut

President Donald Trump threatened to allow a "major lawsuit" against Federal Reserve Chairman Jerome Powell to go forward.

Will Powell use Jackson Hole speech to push back on hopes for September rate cut?

Federal Reserve Chair Jerome Powell is likely to push back on growing investor expectations for a September interest-rate cut, as the rate-setting committee is still divided over its next move.

Trump threatens to sue ‘loser’ Jerome Powell — as SF Fed chief says interest rates finally may fall

President Trump on Tuesday said his next line of attack against “loser” Federal Reserve Chairman Jerome Powell for refusing ...

Trump urgently wants Jerome Powell to cut interest rates. That won't happen today, economists say.

President Trump has pressured Fed Chair Jerome Powell to lower interest rates. Here's what the experts think will happen at ...

Trump threatens legal action against Powell over Fed HQ, demands immediate rate cuts as inflation holds steady

Trump returned to his sharp critiques of the Fed chair, saying "Jerome 'Too Late' Powell must NOW lower the rate" after the ...

Bessent urges Fed to slash rates next month, with ideal goal ‘150, 175 basis points lower’

Treasury Secretary Scott Bessent on Wednesday urged central bankers to issue a half-point cut at next month’s meeting – breaking from his zipped-lip stance on the Fed’s monetary agenda. Bessent said ...

One FOMC dissenter might have just called out the Fed for its shifting base interest rate policy

FOMC member Michelle Bowman has urged consistency in interest rate policy, following questions about why the FOMC cut rates ...

A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts

A top official at the Federal Reserve is saying that this month's stunning, weaker-than-expected report on the U.S. job ...