Jerome Powell

As tariffs work their way into the U.S. economy, possibly igniting an inflation headwind, President Donald Trump suggests the Federal Reserve could better manage the economy with a rate cut.

Debunking the media hysteria, Powell admits Trump tariffs are not inflationary

The Federal Reserve on Wednesday announced that it will leave a key interest rate unchanged for the second consecutive meeting amid persistent inflation and uncertainty about the economy.

Federal Reserve policymakers are meeting for the second time this year, with markets overwhelmingly expecting them to leave rates unchanged in March, though cuts could be coming soon.

The latest reading of the Federal Reserve's preferred inflation gauge showed that prices rose in line with economists' expectations in January as the inflation fight continues.

Kevin Hassett, a key economic adviser to President Donald Trump, said that he will hold regular lunch meetings with Fed Chair Jerome Powell and other central bank policymakers.

Inflation picked up at a higher pace than expected in January, leaving the Federal Reserve playing a waiting game to see the impact of tariffs and other policies on price pressures.

President Trump's comments come a day after Fed Chairman Jerome Powell said on Capitol Hill that the central bank doesn’t need to “hurry" to lower interest rates.

Federal Reserve Chair Jerome Powell testified before a Senate committee and said the central bank's workforce is more "overworked" than "overstaffed" in pushback against Elon Musk.

Elon Musk put the Federal Reserve on notice that the central bank could face an audit from his Department of Government Efficiency after he claimed the Fed is "absurdly overstaffed."

Federal Reserve Chair Jerome Powell pushed back on billionaire Elon Musk's claim the central bank is "absurdly overstaffed," saying the Fed has a careful budget process.

President Donald Trump blasted the Federal Reserve and Chair Jerome Powell on social media Wednesday for pausing rates cuts against the president's wishes.

The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.

The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Donald Trump to renew his criticism of the central bank.

The Federal Reserve announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which incorporated climate risk into financial rules.

The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates. However, it remains above where policymakers want it to be suggesting prices are still stubbornly high.

The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.

The market sees the probability of another 25 basis point interest rate cut at next week's Federal Reserve meeting as rising despite inflation ticking higher in November.

President-elect Trump said in an interview that he won't try to fire Federal Reserve Chair Jerome Powell despite his past criticism of Powell and the leadership of the central bank.

Chicago Federal Reserve President Austan Goolsbee said the neutral rate is "well below" where it is right now, and policymakers can cut further so long as the economy does not overheat.