Officials at the Federal Reserve on Friday showed little sign of deviating from their message that there is no urgency to lower interest rates, despite a claim by President Trump that there is “no inflation.” A solid economy affords the central bank the flexibility to wait and see what the economic impact of Mr. Trump’s […]
File photo: US federal reserve chair Jerome Powell (Picture credit: AP) US Federal Reserve Chair Jerome Powell on Wednesday warned that US President Donald Trump’s escalating and uncertain tariff policies could force the central bank into a difficult position where its key objectives, low inflation and maximum employment, might come into conflict. “I think there’s […]
US president Donald Trump on Tuesday said he does not plan to remove Federal Reserve Chair Jerome Powell, even as he renewed his call for the central bank to lower interest rates. Speaking at a White House event, Trump tried to ease market concerns sparked by speculation about Powell’s future. “I have no intention of […]
