US President Donald Trump on Thursday (January 29) sharply criticized Federal Reserve Chair Jerome Powell for refusing to cut interest rates, accusing him of damaging the economy and undermining national security. In a lengthy post on Truth Social, Trump said the Fed’s policy stance was unjustified and costly, arguing that inflation was no longer a…
Outgoing US Federal Reserve chair Jerome Powell on Wednesday (local time) shared some advice for his to-be appointed successor after announcing the central bank’s decision to keep rates unchanged. Market experts had expected that the Fed would keep interest rates steady after its two-day policy meeting on Wednesday, despite media reports indicating pressure from the…
The United States Federal Reserve’s Federal Open Market Committee (FOMC), after its two-day policy meeting, decided to keep key interest steady in the range of 3.50% to 3.75%, according to the official statement released on Wednesday, 28 January 2025. The steady rates come after the central bank cut benchmark rates three times in a row….
