The effects of potential changes in trade and immigration policy suggested” restoring 2% inflation “could take longer than previously anticipated,” according to the Fed minutes released Wednesday.
United States Federal Reserve officials said that the strong economy toward the end of 2024 and inflation staying above its “2% target” may mean the economy “needs neither restriction nor support.”
Ahead of Donald Trump taking office, Federal Reserve's top banking regulator has resigned from his role as vice chair of supervision.
Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank.
The Fed’s top bank cop, Michael Barr, is stepping down early to avoid a legal battle with Trump. If the Federal Reserve is politicized and weakened, the winners will be large financial institutions and the losers will be all of us. Unfortunately, that’s already happening before President-elect Donald Trump is even sworn in.
A proposal from two top nominees would let the president fire board members at will, and give Congress budget authority.
President-elect Donald Trump doesn’t have to go to jail, pay a fine or perform community service as a result of his New York hush money conviction.
The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate
With inflation moving closer to US Federal Reserve's target, and data showing a stable labor market, the Fed could afford to wait for more data before undertaking further interest rate cuts, she said
Managing Director Kristalina Georgieva said the U.S. economy was doing 'quite a bit better' than expected, although there was uncertainty around Donald Trump's trade policies.
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising Treasury yields and uncertainty over Donald Trump's policy plans.