Trump says it’s “highly unlikely” he fires Fed Chair Jerome Powell – CBS News Watch CBS News President Trump on Tuesday night privately floated firing Federal Reserve Chairman Jerome Powell, then publicly backed away on Wednesday. CBS News chief White House correspondent Nancy Cordes reports. Be the first to know Get browser notifications for breaking … Read more
Trump urges Fed to lower interest rates as new inflation data shows slight rise – CBS News Watch CBS News President Trump is urging the Federal Reserve to lower interest rates following the release of Consumer Price Index (CPI) data for June, which shows a 0.3% increase. CBS News MoneyWatch correspondent Kelly O’Grady has the … Read more
Fed Chair Powell says Trump tariffs delayed interest rate cuts – CBS News Watch CBS News Federal Reserve Chair Jerome Powell said Tuesday the Trump administration’s tariffs led the Fed to put interest rate cuts on hold. CBS News MoneyWatch correspondent Kelly O’Grady reports. Be the first to know Get browser notifications for breaking news, … Read more
Fed Chair Powell says Trump tariffs delayed planned interest rate cut – CBS News Watch CBS News Federal Reserve Chair Jerome Powell said Tuesday the Trump administration’s tariffs led the Fed to put a planned interest rate cut on hold. CBS News MoneyWatch correspondent Kelly O’Grady reports. Be the first to know Get browser notifications … Read more
Fed Chair on why rates stayed steady Fed Chair Jerome Powell explains why rates stayed steady, unlike in December 05:11 Federal Reserve Chair Jerome Powell reiterated his view that the central bank should keep interest rates steady for now, citing inflation risks from U.S. tariffs. Powell, who made his remarks in prepared testimony Tuesday before the … Read more
President Trump suggested Friday he may try to fire Federal Reserve Chair Jerome Powell, calling the central bank leader a “Total and Complete Moron” for leaving interest rates steady. The president has been lashing out against Powell for months, criticizing the central banker — whom Mr. Trump appointed in his first term — for not … Read more
Trump reacts to Fed decision on interest rates, insults Powell for his actions – CBS News Watch CBS News President Trump is blasting Federal Reserve Chairman Jerome Powell for his decision to leave the benchmark interest rate unchanged. CBS News contributor Javier David has more. Be the first to know Get browser notifications for breaking … Read more