Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
Following a widely-held hold prediction, the FOMC dropped more hints on its inflation concerns while apparently maintaining distance from President Donald Trump.
The annual gathering in the Swiss ski resort had a complicated geopolitical backdrop this year.
Fed leaves interest rates unchanged, with Powell offering little on inflation or employment amid uncertainty over Trump's economic policies.
The Fed held interest rates steady as it continues to combat inflation. President Trump wants to see lower rates, but some of his policies could fuel more price hikes.
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DAVOS, SWITZERLAND — The Federal Reserve now needs to be on ... the BofA chair and CEO told Yahoo Finance at the World Economic Forum in Davos, Switzerland. Moynihan added: "We are not a central ...
A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence and leaders from Spain to Malaysia are set to headline the agenda at the World Economic Forum’s annual event in Davos.
President Donald Trump has called for interest rates to come down and escalated his criticism of the Federal Reserve chair, Jerome Powell, after this week's policy meeting. But the president himself may be the biggest obstacle to lower borrowing costs, as his policies risk exacerbating an issue he campaigned on fixing: rising prices.
President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.