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Powell Tells Congress Why Fed Won't Cut Rates Now

Insider on MSN · 4h

Trump has ramped up pressure on Fed Chair Powell to cut rates. There's one big reason it probably won't work.

Trump has been highly critical of Fed chair Powell for not cutting rates. Some see Trump's pressure campaign against the central bank chief as futile.

Seeking Alpha · 6h

Semiannual Monetary Policy: Powell Tells Congress Why The Fed Won't Cut Rates Now

The Fed stays focused on inflation and employment, with no rate cuts expected soon. Check out my analysis on Fed policy and where interest rates may be headed.

The Boston Globe · 1d

Trump mulls a ‘shadow’ Fed chair as he rips Powell on rate cuts. Is the president right?

President Trump certainly thinks so. He’s pounding the table for immediate rate cuts, and two of the central bank’s five governors agree. In a rare public break, they said it would make sense to start reducing rates as soon as their next meeting in July, not months down the road as Fed chair Jerome Powell has suggested.

Gloomy Americans cut back on spending

The Boston Globe · 51m

Gloomy Americans cut back on spending as inflation ticks higher

Prices rose 2.3 percent in May compared with a year ago, up from just 2.1 percent in April, the Commerce Department said.

U.S. News & World Report · 6h

Fed’s Inflation Measure Ticks Up Amid Uncertainty Over Tariffs

Friday's stronger-than-expected PCE is a reversal from the past few months of softening inflation data, and it suggests that higher prices from tariffs may be starting to work

The Washington Post · 7h

Key inflation gauge rose last month while Americans cut back on spending

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending

7h

Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows

The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones ...

2don MSN

Powell Says Higher Inflation Outlook Keeping Fed on Hold for Now

Federal Reserve Chair Jerome Powell had plenty of opportunities Tuesday to tell lawmakers definitively the central bank will ...

Honolulu Star-Advertiser18m

U.S. consumer spending drops as inflation pressure looms from tariffs

WASHINGTON >> U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor ...

1d

Powell: Fed Must Consider Costs of Being Wrong on Inflation

Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President ...

2don MSN

Fed’s Powell Says Tariff-Driven Inflation Remains a Big Question

Federal Reserve Chair Jerome Powell on Wednesday said the US central bank is still struggling to determine the impact of ...

2don MSN

Fed's Powell repeats warning about tariffs as some GOP senators accuse him of bias

Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s sweeping tariffs will likely push up ...

1d

Micron Earnings, More Powell Testimony, Inflation Data: Still to Come This Week

It's day two of Federal Reserve Chair Jerome Powell's testimony before Congress. The Fed’s preferred inflation gauge is due ...

3don MSN

Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' despite Trump criticism

The cautious tones from Powell could further antagonize President Donald Trump, who has ramped up his long-standing criticism ...

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