a Fed tour sparked unexpected Trump praise for Powell
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The Federal Reserve's $2.5 billion renovation that has been bothering President Donald Trump comes into focus with new photos.
The Fed has held its benchmark interest rate between 4.25% and 4.5% this year, though officials have penciled in two cuts by year-end.
The Federal Reserve hasn’t seen two governors break ranks with the board since 1993. It could happen at this month’s FOMC meeting.
President Donald Trump said on Friday he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression that the head of the U.S. central bank might be ready to lower interest rates.
It was not a flattering moment for a president who routinely makes up figures but who is rarely fact-checked by his appointees on camera.
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Required to take a 2025 required minimum distribution, but don’t need the funds? Consider taking it now and stashing it in a 4.60% CD before the Fed cuts rates this fall.
The yearslong project to overhaul the U.S. central bank’s headquarters in Washington, D.C., has run into multiple hurdles, including higher-than-expected groundwater at the site.
A looming U.S. deadline for more severe global tariffs is among a barrage of upcoming events threatening to disrupt an increasingly calm U.S. stock market that has set a string of all-time highs.
The Senate on Thursday advanced the controversial nomination of Emil Bove, teeing up a final vote on his lifetime appointment to an appeals court. Bove, who is currently serving in the No. 3 role at the Justice Department, has been nominated by President Trump for a judgeship on the 3rd Circuit Court of Appeals. The…