Trump, Fed Rate and Jerome Powell
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22hon MSN
President Donald Trump’s pressure campaign against the Federal Reserve and Chair Jerome Powell to lower interest rates entered a new front this week.The latest line of attack comes from Office of Management and Budget Director Russell Vought,
Federal Reserve Chair Jay Powell has reiterated that rate decisions will be data-driven — by inflation, and employment.
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.
WASHINGTON (Reuters) -Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's use of tariffs to reshape global trade.
WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower the federal benchmark interest rate by at least 3 percentage points, renewing his call for the U.S. central bank to lower rates to help reduce the cost to service the nation's debt.
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Japan's annual wholesale inflation slowed in June for the third successive month, data from the Bank of Japan showed on Thursday, backing up the central bank's view that price pressure from rising raw material costs will gradually dissipate.
Nursing operators, especially those who own their own facilities, are facing financial strain caused by high interest rates as they attempt to restructure
Investors should note that the PPF will continue to offer 7.10% annual interest for July–September 2025, with tax-free returns and a 15-year lock-in.
Chile's central bank is expected to lower its benchmark interest rate by 25 basis points to 4.75% at its monetary policy meeting on July 28, a poll of analysts released by the bank showed on Thursday.
FRANKFURT (Reuters) -The hurdle for another interest rate cut by the European Central Bank is "very high" as the euro zone economy is holding up better than expected and inflation is moored at 2%, ECB board member Isabel Schnabel said in an interview published on Friday.