President Trump: Fed loves watching US manufacturers struggle with exports

Business 08/28/19, 06:11

President Donald Trump continued to keep up pressure on the Federal Reserve (Fed), criticizing the central bank for letting U.S. exporters struggle in a climate of high interest rates and a strong dollar. “The Federal Reserve loves watching our manufacturers struggle with their exports to the benefit of other parts of ...

President Trump suggests cutting rates before Fed holds policy meeting

Business 07/22/19, 14:22

President Donald Trump has once again pushed the Federal Reserve (the Fed) to lower interest rates, one week before its Federal Open Market Committee (FOMC) will hold the next policy-setting meeting. In a series of tweets on Monday morning, July 22, President Trump at first repeated his criticism over the central ...

President Trump announces 2 nominees to fill vacancies at Federal Reserve

U.S. 07/03/19, 04:01

President Donald Trump announced on Twitter he plans to pick two new nominees to the Federal Reserve Board after his two earlier choices withdrew from consideration. In a couple of tweets late Tuesday, July 2, President Trump said he intends to nominate Christopher Waller—executive vice president and director of research at ...

President Trump delighted as S&P 500 hits record high

U.S. 06/21/19, 06:52

The U.S. stock market went up Thursday, June 20, driving a benchmark index to a new record high despite tensions over Iran's attack on a U.S. drone. The S&P 500 rose 27.7 points, or 0.95%, to a record close of 2,954.18, surpassing its previous record set on April 30. Two other key ...

Fed signals rate cut in near future amid President Trump’s criticism

U.S. 06/20/19, 05:17

The Federal Reserve (Fed) decided to hold interest rates steady Wednesday, June 19, saying that information it has received since May indicates the labor market remains strong and economic activity is rising at a moderate rate. But the central bank signaled a rate cut is on the way. Fed’s Federal Open ...

Fed likely to leave rates alone but signal readiness to cut

Business 06/17/19, 10:59

Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference, the message will likely ...

Dow jumps over 500 points amid hopes of Fed rate cut

Business 06/04/19, 19:23

The Dow Jones Industrial Average jumped more than 500 points Tuesday as investors welcomed signs that the Federal Reserve may cut interest rates to help buttress U.S. economic growth in the face of escalating trade wars. Optimism about a resolution to one of those trade disputes and a rebound in technology ...

Powell says Fed stands ready to respond to trade conflicts

Business 06/04/19, 09:41

Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond to the Trump administration's trade conflicts to protect the U.S. economic expansion if it decides that would be necessary. Powell's comments came at a conference in Chicago on how the central bank can make its interest rate policy ...

Powell says he sees ‘moderate’ risk from corporate debt

Business 05/20/19, 19:49

Federal Reserve Chairman Jerome Powell said Monday that the central bank is closely monitoring a sharp rise in corporate debt but currently does not see the types of threats that triggered the 2008 financial crisis. In remarks to a banking conference in Fernandina Beach, Florida, Powell said views about risker corporate ...

Fed seen as sure to leave rates alone despite Trump pressure

Business 04/30/19, 23:56

The Federal Reserve is all but sure to keep interest rates on hold Wednesday — and for the foreseeable future — even as President Donald Trump keeps up his attacks on the Fed for not cutting rates. The Fed will likely reiterate a message that has reassured consumers and investors since ...

After the fall: How to take advantage of lower rates

Business 03/21/19, 02:15

So much for those worries about rising interest rates.Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and 2018. But some rates began easing early this year after the Fed ...

New Fed forecast for 2019: Slower growth and zero rate hikes

Business 03/20/19, 23:41

The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won't be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and ...

Fed is likely to stay ‘patient’ and project fewer rate hikes

Business 03/20/19, 02:22

The Federal Reserve is expected to end its latest policy meeting Wednesday by refining its new overarching message that it plans to be "patient" about any further interest rate hikes. The Fed is all but sure to keep its key short-term rate in a range of 2.25 percent to 2.5 percent, ...

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