News

Trump calls on Federal Reserve board to wrest full control of central bank from Fed Chair Powell
President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.
Trump Urges Fed Board to ‘Assume Control’ If Rates Not Cut
President Donald Trump called on the Federal Reserve board to “assume control” if Chair Jerome Powell does not lower interest ...
Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy
Two Federal Reserve officials who voted this week against holding a key interest rate in place explained their decisions ...
Fed Governors Waller, Bowman Warn of Labor Market Weakness
Fed Governors Christopher Waller and Michelle Bowman again sounded the alarm on Friday that the labor market is weaker than ...
Dissenting Fed Officials Tie Votes to Labor Market Concerns
The policymakers weighed in after casting dissenting votes against the Federal Open Market Committee's decision on Wednesday to hold its benchmark interest rate in the 4.25%-4.50% range. The dissents ...
Fed's Waller: Tariffs are one-time price event that policymakers should look through
In a statement published on Friday, Federal Reserve (Fed) Governor Christopher Waller explained why he voted in favor of a 25 basis points (bps) rate cut at the July policy meeting. "I dissented ...