Trump, Powell
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A U.S. senator's recent push to strip the Federal Reserve of a key aspect of how it controls interest rates and the battle over who will succeed Fed Chair Jerome Powell point to a future where some of the tools policymakers use to influence the economy come under greater scrutiny.
Key Takeaways The Federal Reserve kicked off its two-day policy meeting Tuesday.The Fed is widely expected to keep its key interest rate at 4.25% to 4.5%, the same as it has been since December.President Donald Trump has demanded the Fed cut rates,
In opening a Federal Reserve conference on banking regulation on Tuesday, Chair Jerome Powell skipped making any controversy or news, as expected. Powell’s brief prepared remarks gave no monetary-policy hints and,