The Federal Reserve chair blew up market hopes that the central bank might cut interest rates, ignoring pressure from Donald Trump and causing stocks to tumble
Federal Reserve Chairman Jerome Powell on Wednesday blew up market hopes that the central bank might cut interest rates, ignoring pressure from President Donald Trump and causing stocks to tumble.
The economy would go “up like a rocket if we did some lowering of rates, like one [percentage] point,” Trump tweeted on Tuesday as the Federal Open Market Committee began its two days of meetings. That big of a rate cut would reverse all four of the Fed’s rate hikes last year.Sign Up
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Powell will try not to draw ire of Trump or rock markets after Fed meeting WednesdayFed Chairman Jerome Powell will try to not to upset markets or the White House when he speaks Wednesday.
और पढो »
Live: Powell addresses reporters after Fed keeps rates unchangedThe Federal Reserve is announcing its interest-rate decision at 2 p.m. Eastern, followed by a press conference from Chairman Jerome Powell at 2:30 p.m....
और पढो »
Live blog of Fed interest-rate decision and Powell press conferenceThe Federal Reserve is announcing its interest-rate decision at 2 p.m. Eastern, followed by a press conference from Chairman Jerome Powell at 2:30 p.m....
और पढो »
Fed holds interest rates steady, ignoring Trump — againFederal Reserve holds interest rates steady, ignoring calls from President Trump to slash rates by as much as one full percentage point in order to further boost the economy.
और पढो »
Trump intensifies calls on Fed to cut interest ratesDonald Trump urged the Federal Reserve to lower interest rates, renewing his long-running campaign against the central bank, which he claims has hindered economic growth
और पढो »
Trump calls on Fed to cut rates by 1% and urges more quantitative easingIn a two-part tweet, the president says more easing would make the economy 'go up like a rocket.'
और पढो »
Investors brace for a roller-coaster week ahead with Fed decision and Apple, Alphabet earningsFed Chairman Jerome Powell is expected to emphasize that the Fed is patient and will hold interest rates steady.
और पढो »
Trump Fed pick Stephen Moore paid off $75K tax lien but says IRS owes him moneyStephen Moore, who has been tapped by President Donald Trump to join the Federal Reserve board, says he has paid off a $75,000 income tax lien — but is not abandoning efforts to actually recoup money from the IRS that he claims he still is owed.
और पढो »
Trump Fed pick Stephen Moore’s worry about declining “male earnings” criticized as “chauvantistic retrograde view”“Practically the only reason that middle class incomes have not stagnated is because of women,” said Anne Kim of The Progressive Policy Institute.
और पढो »