Federal Reserve cuts key rate, signals 2 more cuts
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Trump, Federal Reserve and Lisa Cook
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Stephen Miran, a new U.S. Federal Reserve Governor, defends his independent stance after advocating for significant rate cuts. Despite differing from Fed's consensus, Miran emphasizes his decision is based on data analysis and not influenced by President Trump.
Federal Reserve board members would not be able to hold dual positions appointed by the president if U.S. Sen. Ruben Gallego’s new bill becomes law. Gallego, D-Arizona, this week introduced the Fed Integrity and Independent Act,
Experts and politicians debate what the Federal Reserve should do to unfreeze the housing market and help buyers and sellers save more money and their spending power.
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Federal Reserve Predicts High Inflation Will Persist for More than Seven Years Post-Pandemic
Federal Reserve Chair Jerome Powell once called he pandemic-era burst of high inflation "transitory." Fed officials now expect it to last more than seven years from when it started.
The U.S. central bank is widely expected to cut interest rates for the first time this year, despite the economy sending mixed signals.
Jamie Dimon made a surprise visit to the US Capitol on Wednesday, where he discussed economic growth and the Federal Reserve with Senate Republicans just as the central bank was preparing to release its latest rate decision.
Federal Reserve Chair Jerome Powell on Wednesday explained why the three missions Congress imposed on the central bank add up to two in real-world conditions.