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Treasury Secretary Scott Bessent said Tuesday night that he thinks the Federal Reserve could cut interest rates by September or 'sooner' because of mild inflation thus far from President Trump's ...
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday he believes the Federal Reserve could lower interest rates by September.
The U.S. central bank would likely have begun cutting interest rates again if not for the plan to enact higher levies on imports, the Fed chief said.
Powell noted that a majority of Fed officials in recent projections do expect to lower the benchmark interest rate later this year, and are closely attuned to whether inflation increases this ...
The Federal Reserve and chair Jerome Powell have held off on cutting a key interest rate as they wait to see how Trump's tariffs will effect inflation.
President Donald Trump says that tame inflation means the Federal Reserve should already be reducing its policy rate, but inside the U.S. central bank the idea has little traction, with only two ...
Each dot represents one anonymous Fed member and indicates where they think the federal funds rate (the interest rate actually set by the Fed) should be.
Washington Insider Fed chair makes his case to Congress as to why interest rates are on hold Jerome Powell says he first needs to see the impact from President Donald Trump’s tariffs.
The Fed held its benchmark short-term rate steady at a range of 4.25% to 4.5% as inflation remains elevated compared to its 2% goal. Its forecast for two cuts this year remained unchanged ...