Trump's message to Fed, Powell
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Instead of interest rates, Powell may talk about the Fed’s review of its monetary policy framework—how it balances employment and price stability.
The Fed Chair leads the Federal Reserve’s Board of Governors and chairs the Federal Open Market Committee, setting the course for U.S. monetary policy—everything from interest rates to quantitative easing.
Federal Reserve policymakers are leaving interest rates where they are while they try to assess how U.S. President Donald Trump's sweeping tariffs and ongoing trade negotiations will affect prices and the economy.
A prominent House Republican who is in charge of a monetary policy task force told Yahoo Finance he still supports Jerome Powell as Federal Reserve chair on a day when President Trump once again criticized the central bank boss for not lowering interest rates.
The Fed leader discussed the decision to hold rates steady, the outlook for inflation and the economy, and the possible effects of tariffs.
Grant Cardone has taken aim at Federal Reserve Chair Jerome Powell, accusing him of being antagonistic toward the Trump administration and potentially trying to block the president's pro-business agenda.
Fed Chair Jerome Powell kicked off his post-meeting press conference by saying the central bank remains “squarely focused” on its dual mandate, and the Fed held rates steady because “the risks of higher unemployment and higher inflation have risen.