Home Tags Federal Reserve
Tag: Federal Reserve
Trump breaks long-standing precedent of American presidents not commenting on the Fed, says he isn’t ‘thrilled’ about rate hikes
The dollar slipped Thursday after President Donald Trump said he was "not thrilled" about interest-rate hikes, breaking with the long-standing precedent of American presidents not commenting on central-bank policy out of respect for its independence from political influence.
ANALYSIS: Federal Reserve Chairman Jerome Powell downplayed the threat of a trade war to the US economy. He also dismissed a key recession signal emerging from the bond market yield spreads, despite its historical reliability.
Manufacturers in all the Federal Reserve's 12 districts are concerned about tariffs. The Fed's Beige Book, with anecdotes from businesses across the country, showed companies that rely on steel and aluminum for production are grappling with higher costs.
Henry Paulson, Timothy Geithner, and Ben Bernanke have warned that the lessons of the 2008 financial crisis are in danger of being forgotten.
Fed chair says Trump’s trade wars are starting to worry businesses, and the end result could be ugly
Federal Reserve Chairman Jerome Powell said that it is too early to evaluate President Donald Trump's tariffs, but there is a chance that the policy could end up harming the US economy.
The Federal Reserve says the uncertainty and risks related to a trade war between the US and its partners has intensified. Their comments, in the June meeting minutes, were published on the eve of President Donald Trump's tariffs on Chinese goods taking effect.
The Federal Reserve's June interest-rate hike means banks are increasing their prime lending rate. In turn, this means interest rates for things like credit cards and loans from these banks will go up.
The US central bank adjusts the interest rates that banks charge to borrow from one another, which is eventually passed on to consumers, to encourage more spending or to control excess.
Federal Reserve Chairman Jerome Powell announced Wednesday that he would hold press conferences after every policy meeting instead of quarterly. "This change is only about improving communications," Powell said.
This was the seventh interest-rate hike since late 2015, when the Federal Reserve first began lifting interest rates from almost zero. It kept borrowing costs that low after the financial crisis to encourage businesses and consumers to spend and grow the economy.