Federal Reserve

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IMF Warning: Tariffs Have 'Reset' the World Economy

Group forecasts slower growth in the US and around the globe

(Newser) - President Trump won't be a fan of a new warning issued Tuesday by the International Monetary Fund. The organization predicted that Trump's tariffs will slow economic growth around the world.
  • In its updated World Economic Outlook, the IMF revised global economic growth down to 2.8% for
...

This Might Be the Dow's Worst April Since the Depression

Investors rattled by threats to Fed's independence on top of tariffs

(Newser) - The Wall Street Journal reports that Wall Street is on track for two very much unwanted milestones that reach back to the Great Depression:
  • The Dow, which lost about 1,000 points on Monday, might chalk up its worst April since 1932. The index began April at about 42,000,
...

Markets Slide as Trump Renews Attacks on Powell
Trump Goes After Powell
Again, and Markets Slide
MARKETS
Apr 21, 2025 10:17 AM CDT

Trump Goes After Powell Again, and Markets Slide

Dow falls more than 900 points on Monday morning

(Newser) - The stock market is off to a miserable start in the new week, and a new blast from President Trump directed at Fed chief Jerome Powell appears to be a factor, reports CNBC .
  • The Dow was down more than 930 points, or 2.3% after 11am. The benchmark S&P
...

Trump May Be Preparing Push to Fire Fed Chief

Sources tell WSJ he has been discussing removing Jerome Powell for months

(Newser) - President Trump's remark Thursday that Jerome Powell's "termination cannot come fast enough" came after months of private discussions about firing the Federal Reserve chief, sources tell the Wall Street Journal . The sources say Trump, in private meetings at Mar-a-Lago, has talked about replacing Powell with former Fed...

Trump: Powell's Termination Can't 'Come Fast Enough'

President demands Fed chief cut rates immediately

(Newser) - Fed chief Jerome Powell rattled the markets on Wednesday with a warning about President Trump's tariffs . On Thursday, Trump for the first time directly called for Powell's firing, reports CNBC .
  • "Powell's termination cannot come fast enough!" Trump wrote on Truth Social. As he has done
...

Fed Chief Cites Ferris Bueller in Remarks on Interest Rates

'Life moves pretty fast,' but Fed is 'well positioned to wait for greater clarity,' Powell says

(Newser) - The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday. "As that great Chicagoan Ferris Bueller once noted, 'Life moves pretty fast,'"...

Trump to Powell: Cut Rates. Powell: Nope, Not Yet

Fed chief warns that tariffs will likely lead to at least a temporary uptick in inflation

(Newser) - Fed chief Jerome Powell weighed in on the tariffs of President Trump on Friday, saying that the central bank is worried about their effect on inflation but isn't ready to make a move on interest rates.
  • "We are well positioned to wait for greater clarity before considering any
...

Federal Reserve Holds Key Rate Steady

Central bank still expects 2 rate cuts this year

(Newser) - The Federal Reserve did exactly what Wall Street expected it to do on Wednesday: nothing. For the second meeting in a row—its second since President Trump began his second term—the central bank kept interest rates steady in a range of 4.25% to 4.5%, reports the New ...

Fed's Favorite Inflation Measure Drops

But consumers cut back sharply on spending in January

(Newser) - US consumers cut back sharply on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress. Americans cut their spending by 0.2% in January from the previous month, the Commerce Department said Friday, likely in...

Charges: Adviser Leaked Fed Secrets to China

John Harold Rogers faces espionage count

(Newser) - An economist who was a senior adviser to the Federal Reserve Board of Governors has been arrested, charged with stealing insider data to provide to China. John Harold Rogers, 63, was taken into custody on Friday, CNBC reports. The information could help China manipulate the American market "in a...

Key Inflation Indicator Rose in December

Consumer prices are up 2.6% year-on-year

(Newser) - An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts. Friday's report from the Commerce Department showed that consumer prices rose 2.6% in December from a...

Fed Leaves Key Interest Rate Unchanged
Federal Reserve
Pauses Rate Cuts
Jan 29, 2025 1:20 PM CST

Federal Reserve Pauses Rate Cuts

Key rate left unchanged at first meeting of Trump's second term

(Newser) - After cutting its key interest rate at three meetings in a row, the Federal Reserve left it unchanged Wednesday. This was the first Fed meeting since President Trump took office, and while he has signaled that he wants lower rates, the vast majority of analysts weren't expecting a cut...

Fed Announces 3rd Rate Cut of the Year
Fed Announces 3rd
Rate Cut of the Year
UPDATED
Dec 18, 2024 2:02 PM CST

Fed Announces 3rd Rate Cut of the Year

Dow drops after central bank predicts fewer rate cuts in 2025

(Newser) - The Federal Reserve announced its third interest rate cut of the year on Wednesday. The quarter-point cut, which follows a plus-sized half-point cut in September and a quarter-point cut last month, brings the Fed's benchmark rate from about 4.6% to roughly 4.3%, the AP reports. The September...

The Fed Has Its Final Data Point Before Rate-Cut Decision

US inflation ticked up in November, but a cut is still expected

(Newser) - Fueled by pricier used cars, hotel rooms, and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Consumer prices rose 2.7% in November from a year earlier, up from a yearly figure of 2.6% in October....

Powell: If Trump Asks Me to Resign, I'll Say No

Fed chair says election will have no near term effect on interest rate decisions

(Newser) - The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump's presidential election victory this week. In a statement after its latest meeting ended, the Fed said the "...

Federal Reserve Cuts Interest Rates Again

Central bank makes expected cut of a quarter-point

(Newser) - The Federal Reserve cut interest rates by another quarter-point on Thursday, reports CNBC . The move had been widely expected on Wall Street, with the bigger question being whether the central bank will continue to cut in subsequent meetings, per the New York Times . Thursday's reduction is in sync with...

Biggest Bank Suggests US Has Achieved a 'Soft Landing'

JPMorgan exec uses the phrase while discussing better-than-expected quarterly results

(Newser) - The Federal Reserve has been adjusting rates and watching inflation as it attempts to pull off an elusive "soft landing" for the economy. On Friday, an exec at the nation's biggest bank said the central bank appears to have pulled it off and avoided a recession. After JPMorgan...

Inflation Rate Falls Again to 3-Year Low

Cooling inflation seen as a potential boost to Kamala Harris' presidential campaign

(Newser) - Inflation in the US dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race. Consumer prices rose just 2.4% in September from a year earlier, down...

How Will Fed's 'Great News for the Middle Class' Affect You?

Unusually hefty half-point rate cut will mean possible relief on car loans, mortgages, credit cards

(Newser) - Borrowing over the past couple of years has been a painful prospect for Americans, as high interest rates meant to curb inflation kept consumer payments steep. Now, after the Federal Reserve made its unusually large half-point cut on Wednesday, leading to a key interest rate of between 4.75% and...

Fed Chair Says Big Rate Cut Is 'Timely'

Some critics think central bank 'jumped the gun' with half-point cut

(Newser) - "We know that it is time to recalibrate our policy to something that's more appropriate given the progress on inflation," Federal Reserve Chair Jerome Powell said at a news conference Wednesday after the central bank cut its benchmark interest rate by an unusually large half-point. The move...

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