Top Fed Official Backs Jul. Rate Cut
Digest more
Bloomberg on MSN15h
Kugler Says Fed Should Hold Rates Steady for 'Some Time'Federal Reserve Governor Adriana Kugler says the US central bank should keep holding interest rates steady "for some time" because of the possible economic impact of tariffs. She speaks at an event hosted by the Housing Partnership Network in Washington.
The Federal Reserve is tasked with creating a monetary policy that encourages price stability and maximizes employment. As a result, it attempts to keep inflation at around 2% a year because that has been identified as a level that allows consumers and businesses alike to make plans.
The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of upward pressure from the Trump administration's tariffs,
While Trump may be denying reports he will fire Powell, reports tell a different story. Here's what Tennesseans need to know about Powell and the Fed.
If you’re hoping the Federal Reserve cuts interest rates this month, you might be disappointed. Comerica Bank predicted policymakers might not make a move unt
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.
Bank of Dallas president Lorie Logan says that while policymakers will likely need to hold interest rates steady for a bit longer to fully cool inflation, it is also possible they may need to pivot to cutting if inflation and labour markets soften.
The current federal funds rate sits at 5.25–5.50%, held steady by the Fed to combat inflation and avoid overheating the economy.
WASHINGTON (TNND) — President Donald Trump is once again putting public pressure on Federal Reserve Chair Jerome Powell, calling for interest rate cuts amid signs of a cooling labor market. But while rate cuts have been projected for months, the Fed hasn’t moved since December of 2024, and Powell doesn’t seem ready to cave just yet.
Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade barriers are likely to spark more inflation in the months ahead. Speaking at a housing conference in Washington,