Federal Reserve Chair Jerome Powell will attend oral arguments at the Supreme Court Wednesday in a high-stakes case examining whether President Donald Trump can fire Fed Governor Lisa Cook, marking an unusual public show of support from the Fed chair, who has been the target of personal attacks and pressure from Trump and others in…
As annual inflation remains above 2% and the labor market shows weakness, the Federal Reserve has been split in recent months over the direction of monetary policy. The past year has seen split votes among the Federal Open Market Committee (FOMC) voting committee on interest rates-setting; the July FOMC, for instance, saw Fed Governors Michelle…
Above, Fed Chair Jerome Powell The Federal Reserve has announced its third interest rate cut of the year—its third in a row—closing out its final Federal Open Market Committee (FOMC) meeting of 2025. The FOMC announced at its December meeting today that it has cut interest rates by a quarter-percentage point. This follows a 25-basis-point…
At a recent public appearance at Oxford University, Federal Reserve Board Governor Christopher Waller confirmed that he plans to vote for a 25-basis-point cut at the next Federal Open Market Committee (FOMC) meeting in December. However, during a subsequent Q&A, Waller foretold that observers may find there is currently less “groupthink” at the Fed. The…
Above, Fed Chair Jerome Powell The Federal Reserve has announced its second interest rate cut of the year—the second in a row—in the midst of a government shutdown. The Federal Open Market Committee (FOMC) announced at its October meeting today that it has cut interest rates by a quarter-percentage point. This follows a 25-basis-point cut…
Despite the uncertainty surrounding the length of the government shutdown and its ongoing effects, Federal Reserve Chair Jerome Powell yesterday highlighted concerns over employment data as all eyes are on the Federal Open Market Committee (FOMC) and a potential interest rate cut ahead of their next meeting Oct. 28-29. In a speech at the National…
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