Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism

Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism

Chair of the US Federal Reserve Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting in Washington, DC, on June 18, 2025. Saul Loeb | Afp | Getty Images Federal Reserve Chair Jerome Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers…

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Trump live Iran attack

Trump live Iran attack

President Donald Trump addressed the nation Saturday evening, hours after the United States attacked Iran, striking three nuclear sites in Fordo, Natanz, and Esfahan. Earlier in the day, U.S. Air Force B-2 stealth bombers left Missouri heading toward the Pacific Ocean. The aircraft are capable of carrying the GBU-57 Massive Ordnance Penetrator (MOP), a 30,000-pound bomb known as the…

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Trump slams Jerome Powell after Fed holds rates steady

Trump slams Jerome Powell after Fed holds rates steady

U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters President Donald Trump ripped into Federal Reserve Chair Jerome Powell on Thursday, calling him “destructive,” after the central bank kept interest rates steady on Wednesday….

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Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism

Fed holds key rate steady

WASHINGTON – The Federal Reserve on Wednesday kept interest rates steady amid expectations of higher inflation and lower economic growth ahead, and still pointed to two reductions later this year. With markets expecting no chance of a central bank move this week, the Federal Open Market Committee kept its key borrowing rate targeted in a…

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The Fed is likely to keep rates the same, but give a forecast that moves markets. What to expect

The Fed is likely to keep rates the same, but give a forecast that moves markets. What to expect

Federal Reserve Chair Jerome Powell delivers remarks during the Division of International Finance 7th Anniversary Conference at the Fed on June 02, 2025 in Washington, DC. Chip Somodevilla | Getty Images Federal Reserve officials get to voice their outlook this week on the future path of interest rates along with the impact that tariffs and…

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ADP jobs report May 2025:

ADP jobs report May 2025:

Private sector job creation slowed to a near standstill in May, hitting its lowest level in more than two years as signs emerged of a weakening labor market, payrolls processing firm ADP reported Wednesday. Payrolls increased just 37,000 for the month, below the downwardly revised 60,000 in April and the Dow Jones forecast for 110,000….

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