Fed, Trump and Kevin Hassett
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The U.S. Supreme Court's conservative justices appear ready to endorse President Donald Trump's power to fire a regulatory agency official despite job protections given by Congress. But they have signaled reluctance to give him similar authority over the Federal Reserve in a major case set to be argued next month.
The next chair of the Federal Reserve might already be a disappointment to President Donald Trump – even before they’re named.
If the Fed holds interest rates steady as a means of protecting against inflation, it risks a deeper slowdown of the labor market. On the other hand, by lowering rates to stimulate hiring, the Fed threatens to boost spending and worsen inflation.
Three members of the Federal Reserve's policy committee discussed interest rates on Friday, and fittingly, given the divisions on the committee, had three different views on where it should go.
With the Fed’s third rate cut this year, refinancing your mortgage at a 0.50% lower rate can save you over $40,000. Here are the best lenders to choose from.
The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on Wednesday, opting for its third interest rate cut this year in an effort to revive a sluggish labor market. The reduction of interest rates could deliver some relief for mortgage and credit card borrowers.
Bitcoin traders wondering what the digital currency’s price will do next should closely monitor policy developments, according to several analysts.
The Trump administration is threatening the Fed’s autonomy, which the central bank regained with the Treasury-Fed accord in 1951.
The big debate in the US Treasury market over the extent of Federal Reserve interest-rate cuts ahead is about to heat up with a string of pivotal economic data releases.