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Trump Wants a 3-Point Fed Rate Decrease. But You Can't Always Get What You Want.
The right to freedom of speech allows Trump to make demands of the Fed to his heart's content. But legally, he cannot compel the central bank to lower its benchmark interest rate. The Fed has the right to act independently, and its aim is to promote a healthy and stable economy by keeping inflation in check.
Federal Reserve governor Christopher Waller said Thursday that the central bank should consider cutting interest rates at its ...
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting ...
Richard Clarida, former Federal Reserve Vice Chairman and current global economic advisor at PIMCO, joins CNBC's "Closing ...
The debate over how and when the tariffs will affect prices has divided central bank policymakers over the trajectory for ...
JPMorgan Chase CEO Jamie Dimon said on Thursday he thought the financial market was underestimating the possibility of U.S.
The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has ...
The Fed report suggests that a higher prime rate is causing, at least in part, growth in card interest rates. The prime rate ...
The prospect of the Federal Reserve once again setting its short-term interest rate target at near zero levels at some point ...
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