The Federal Reserve announced a quarter-point reduction in its key interest rate on Tuesday, lowering it to a range of 4.00% to 4.25%. This marks the first rate cut since December of last year.
Read More Federal Reserve cuts interest rates, suggests more reductions to comeTag: Jerome Powell
Fed lowers interest rates, signals more cuts ahead; Miran dissents
The Federal Reserve reduced interest rates for the first time since December and indicated more cuts would follow to halt any signs of weakness.
Read More Fed lowers interest rates, signals more cuts ahead; Miran dissentsBofA expects Fed to deliver two cuts this year after soft jobs report
BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point cuts, in September and December, after a soft jobs report.
Read More BofA expects Fed to deliver two cuts this year after soft jobs reportRep. Maxine Waters urges use of 25th Amendment to find out what’s ‘wrong’ with Trump
Representative Maxine Waters has called for using the 25th Amendment on President Donald Trump to find out what’s “wrong with him.”
Read More Rep. Maxine Waters urges use of 25th Amendment to find out what’s ‘wrong’ with TrumpTrump admin now weighing 11 possible picks for Fed Chair position, officials say
The Trump administration is now weighing 11 potential successors to Federal Reserve Chair Jerome Powell, whose term ends in May, including three contenders not previously disclosed — according to two administration officials who spoke on condition of anonymity.
Read More Trump admin now weighing 11 possible picks for Fed Chair position, officials sayTrump threatens ‘major lawsuit’ against Powell over ballooning Fed building renovation costs
President Donald Trump threatened to file a “major lawsuit” against Federal Reserve Chair Jerome Powell, alleging “grossly incompetent” management of the Federal Reserve’s building construction projects.
Read More Trump threatens ‘major lawsuit’ against Powell over ballooning Fed building renovation costs
