Federal Reserve, Trump and Jerome Powell
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President Donald Trump visited the Federal Reserve on Thursday, repeating calls for lower interest rates while standing alongside Fed Chair Jerome Powell. Even after reiterating his frustration with the central bank, Trump called the notion of firing Powell a "big move" that would not be "necessary."
U.S. economic data demands a shift from the Federal Reserve's previous "wait-and-see" stance. It's time for an interest rate cut.
When the Fed cut short rates in the fall, long-bond yields spiked.
For the past several months, the average 30-year fixed mortgage rate has sat between 6.5% and 7%. Prospective homebuyers shouldn't hold their breath for that to change anytime soon. On July 30, the Federal Reserve is expected to keep borrowing rates the same at its fifth monetary policy meeting this year.
A U.S. District Court judge rejected a bid to force the Federal Reserve to open to the public a meeting on setting interest rates this week. The decision found that the Federal Open Market Committee is not a government agency subject to the federal "Sunshine Act" requiring open meetings.
4don MSN
Commerce Secretary Howard Lutnick discusses how President Donald Trump and Federal Reserve Chair Jerome Powell’s sparred over renovation costs for the ‘Fed Mahal’ on ‘The Ingraham Angle.’