But the outlook for further rate cuts has been clouded by expectations that key elements of Trump’s economic platform such as tax cuts and tariffs will lead to faster growth and higher consumer prices. That could make the Fed wary of risking an ...

The Fed lowered rates by 25 basis points to a 20-month low, but economists say tariffs may throw a wrench in the rate cutting cycle.

The Federal Reserve cut its key rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election vi

In 2018, Trump considered replacing Powell after the Fed raised interest rates. A year later, the former president called Powell an “enemy” over a disagreement about interest rate cuts. Trump claimed in 2020 he had the authority to remove Powell as ...

U.S. President-elect Donald Trump is likely to allow Jerome Powell to serve the remainder of his term as the Federal Reserve chair, CNN reported on Thursday, citing a senior adviser to Trump.

Federal Reserve Chairman Jerome Powell would not leave his position even if president-elect Donald Trump asked him to, he said Thursday. When asked by Politico correspondent Victoria Guida if he would step aside if Trump asked him to,

Donald Trump looks ahead to his second stint in the Oval Office with a potentially unified government behind him as the Senate has already returned to Republican control and and

Republican candidate Donald Trump is set for a historic second term as US president after defeating Democratic Vice President Kamala Harris in the race for the White House. US networks Fox News, CNN and NBC declared Trump the incoming president on Wednesday after projecting crucial wins in hard-fought battleground states including Pennsylvania and Wisconsin that gave him an unassailable lead in the Electoral College.