The Federal Reserve's top boss, Jerome Powell, had a chat with President Donald Trump. This wasn't just a friendly meet-up. Trump has been pushing hard for the Fed to drop interest rates. Powell, however, made it clear that the Fed's decisions won't be swayed by politics. He stressed that the Fed's moves will be based on solid economic data, not political whims. ...
The Federal Reserve Chair, Jerome Powell, had a sit-down with President Trump. This was their first meeting in Trump's second term. Trump wanted to talk about interest rates. He thinks they should be lower. Powell, however, made it clear that the Fed's decisions are based on economic data, not political pressure. The meeting happened at the White House. It was Trump...
The Federal Reserve's top official, Jerome Powell, had a sit-down with President Trump. This meeting happened at a time when Trump was pushing hard for lower interest rates. The Fed's official statement made it clear that Powell did not talk about future plans for interest rates. He emphasized that any decisions would be based on economic data, not political pre...
The head of the Federal Reserve, Jay Powell, recently spoke to university students about the importance of protecting democracy. He highlighted that American universities are a key strength of the country, leading in innovation and economic growth. These institutions are admired worldwide and are vital to the nation's success. Powell's speech came just days after th...
Jerome Powell, the current head of the Federal Reserve, had an unusual start to his career. He didn't always see himself in the world of economics. In fact, he once thought it was dull and pointless. This is what he shared with graduates of Princeton University. Powell graduated from Princeton with a degree in politics, not economics. He had no clear plan after coll...
The US economy is feeling the pinch of trade tensions. Wholesale prices took a significant dip in April, marking the steepest drop since the COVID-19 pandemic hit. This decline is largely due to the impact of tariffs on profit margins, according to recent data. The Producer Price Index, a key indicator of wholesale inflation, showed a 0. 5% decrease in April c...
The economy is shifting, and so is the Federal Reserve's approach. The central bank's leader, Jerome Powell, recently spoke about these changes. He highlighted that long-term interest rates are expected to be higher. This is due to various factors, including changes in the economy and policy adjustments. Powell's remarks came during a research conference in Washingt...
The political landscape is ever-changing, and recent developments show just how fluid it can be. President Trump has notably shifted his stance on trade deals. Initially, he was confident that his tariffs would swiftly force foreign nations into new agreements, boasting that countries were eager to negotiate. He even claimed that nations were desperate to make deals,...
The Federal Reserve, America's central bank, has chosen not to change interest rates. This is due to the uncertainty caused by President Trump's tariffs. The decision was made public on a Wednesday. This is the third time in a row that the Fed has decided not to act. The key lending rate remains around 4. 3%. The Fed's chairman, Jerome Powell, spoke about the impact...
The Federal Reserve, often called the Fed, has a big job. It needs to keep the economy healthy. This means making sure prices don't go up too fast and that people have jobs. Right now, the Fed is facing some big challenges. The president has been putting pressure on the Fed chairman, Jerome Powell. Sometimes, the president wants to fire Powell. Other times, he tells ...