News

Trump blasts Powell, says any replacement would be better for refinancing $9T debt
Trump discusses plans to replace Federal Reserve Chairman Powell in a FOX Business interview, criticizing high interest rates ...
Inflation up, spending down as Trump continues to slam the Fed
Inflation ticks up in May as consumer spending and income levels decline, a mixed bag that suggests a slowing U.S. economy ...
Micron Earnings, More Powell Testimony, Inflation Data: Still to Come This Week
It's day two of Federal Reserve Chair Jerome Powell's testimony before Congress. The Fed’s preferred inflation gauge is due ...
Powell leaves door ajar to July rate cut, but an expected rise inflation is likely to keep the Fed sidelined
Federal Reserve chief Jerome Powell on Tuesday said a good case could be made for cutting interest rates soon, but he said ...
Trump has ramped up pressure on Fed Chair Powell to cut rates. There's one big reason it probably won't work.
Trump has been highly critical of Fed chair Powell for not cutting rates. Some see Trump's pressure campaign against the ...
Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows
The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones ...
The Fed’s Preferred Inflation Gauge Was Slightly Hotter in May, as Spending Cooled
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s ...
Gloomy Americans cut back on spending as inflation ticks higher
A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back ...