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Federal Reserve officials expect some aspects of the economy to improve in the coming months and could still increase interest rates later in the year, minutes from its latest meeting revealed Wednesday.
Economists say that Trump's potential Fed nominees could hinder the central bank's ability to respond to a recession.
Trump’s latest Fed picks have experts worried about central bank independence. Here’s what that means and why it matters.
Politicians like lower rates because they can give the economy a short-term boost. But politicized monetary policy can destabilize the economy.
President Donald Trump blamed the Fed for slowing growth Friday, saying it should cut interest rates and start injecting money into the economy.
President Donald Trump reportedly discussed replacing his handpicked chairman of the Federal Reserve late last year.
Expectations for a rate hike this year have fallen below those for a cut, according to Bloomberg data.
"The prospect of low rates for longer is music to the ears of equities, as firms benefit from lower borrowing costs," said Jasper Lawler at London Capital Group.
Stocks are getting a lift from China stimulus pledge and Powell comments — ‘We don’t feel any hurry’ on rates
Chinese and European stocks are edging higher, while US futures are gaining. Boeing's crash woes are set to drag the Dow lower.
Pakistan said it had shot down two Indian jets in the disputed Kashmir region. The news dented earlier, Fed-driven gains in markets.
The outlook for the US economy remains solid but new strains have emerged over the last year, Federal Reserve Chairman Jerome Powell said Tuesday.