The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has “made no decisions” on cutting rates at its next meeting, the Fed chair said.
The central bank’s cautious approach to defending itself against President Trump is drawing scrutiny as the institution’s independence comes under threat. To its critics, the Federal Reserve is partly ...
FRANKFURT (Reuters) -The European Central Bank and its peers around the world should pool their reserves for U.S. dollar liquidity as Federal Reserve help cannot be guaranteed given President Donald ...
Federal Reserve Chair Jerome Powell answers questions from reporters on the central bank’s first interest rate cut of 2025. Photo: Chip Somodevilla/Getty Images When the Federal Reserve cut interest ...