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Trump team ramps up attack on Fed’s Powell with criminal indictment threat
Trump’s administration escalates pressure on the Federal Reserve, threatening an indictment of Chair Jerome Powell and raising concerns over Fed independence.
Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
The Federal Reserve cut interest rates but signaled a likely pause as policymakers await clearer data on jobs and inflation.
US Treasury secretary takes aim at Fed’s interest rate control system
Treasury Secretary Scott Bessent says the Fed's complex rate system needs simplification from challenges and large balance sheets.
Fed minutes: Uncertainty ‘elevated’ as risks of higher inflation and unemployment rise
The Federal Reserve held off on rate hikes in May to assess Trump's tariffs, citing rising inflation risks and economic uncertainty.
Federal Reserve leaves key rate unchanged; sees risk of higher prices, unemployment
The Federal Reserve kept its key interest rate unchanged, brushing off President Donald Trump’s demands to lower borrowing costs.
