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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.
Federal Reserve Board Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill February 27, 2018 in Washington, DC. Powell testified about the Federal Reserve's semi-annual monetary policy report to Congress and the state of the economy

Fed chair Jerome Powell is whistling past 2 looming threats to the US economy

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 are worried about Trump's tariffs.

FED: Manufacturers in every corner of America are worried about Trump’s tariffs

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.
From left: Ben Bernanke, Timothy Geithner, and Henry 'Hank' Paulson.

The 3 men who steered the US through the 2008 crash think we’re forgetting lessons from the crisis

Henry Paulson, Timothy Geithner, and Ben Bernanke have warned that the lessons of the 2008 financial crisis are in danger of being forgotten.
President Donald Trump and Federal Reserve Chair Jerome Powell

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.
Chairman of the Federal Reserve nominee Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC.

The Fed is more worried that Trump’s tariffs on Chinese goods could wreck 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.
Stephen Colbert with the former Federal Reserve chair Ben Bernanke.

The Fed just increased interest rates — here’s what the hike means for your wallet

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.
Fed Chairman Jerome Powell

The Fed just raised interest rates — here’s how it happens and why it matters

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 Board Chairman Jerome Powell testifies before the House Financial Services Committee.

The Fed just announced a big change to how it communicates with America

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.

Fed raises interest rates, expects 2 more hikes this year

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.