jerome powell, Federal Reserve and Trump
Federal Reserve Chair Jerome Powell testifies on Capitol Hill for committees that oversee the central bank and the financial ...
Donald Trump has beckoned the Federal Reserve to slash the federal funds rate, evidently out of fear that current monetary policy will obstruct his imminent imposition of widespread tariffs. Jerome ...
Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge.
The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.
The US central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday.
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