Your Pulse On America: Live And Unfiltered
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters History suggests that President Donald Trump’s new “Too Late” nickname for Federal Reserve Chair Jerome Powell has a strong…
More than 20 times during a roughly 45-minute news conference on Wednesday, Jerome H. Powell, the chair of the Federal Reserve, referenced the idea of waiting to see how President Trump’s policies would ripple through the economy before taking any action on interest rates. Mr. Powell, who spoke after the Fed opted to extend a…
WASHINGTON — The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy. In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market…
The Federal Reserve is set to extend its pause on interest rate cuts on Wednesday amid concerns that President Trump’s tariffs will unleash fresh inflationary pressures while also hurting growth, a tricky combination that could lead to painful trade-offs for the central bank. A decision to stand pat would keep interest rates at 4.25 percent…
US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025. Roberto Schmidt | Afp | Getty Images The Federal Reserve heads into its closely watched policy decision Wednesday with a strong incentive to do absolutely nothing. Faced with…
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the economy, in the most significant policy steps taken by Chinese officials to limit the impact of the trade war with the United States. The central bank, the People’s Bank of China, cut…
The economy is contracting, companies are reporting losses and consumers are tightening their belts. As dour as the economic data has been this week, President Trump continues to insist his policies are working. Ahead of a closely watched — and unpredictable — jobs report released Friday morning, Mr. Trump has sought to take an early…
May 2, 2025, 6:01 a.m. ET Traders at the New York Stock Exchange on Thursday.Credit…Richard Drew/Associated Press Investors will be closely watching the jobs report on Friday for any signs that President Trump’s early policy priorities, including tariffs and layoffs of federal workers, have started to dent the U.S. economy. Wall Street remains on edge…
A dovish shift Stocks are on a three-day winning streak as investors cheer cooling trade-war tensions. Another boost has come from the Fed and from Google, whose shares are up nearly 5 percent in premarket trading on decent first-quarter results. But while Washington and Beijing seem to be easing off their brinkmanship, it may be…
Cleveland Fed President Beth Hammack said Thursday she thinks policymakers need to be patient rather than preemptive in assessing how tariffs will impact inflation and growth. In her first broadcast interview since taking the reins at the central bank district in August 2024, Hammack noted the high level of uncertainty now and did not commit…