News

July FOMC Meeting: Ruling Nothing Out
At its July meeting, the Federal Open Market Committee (FOMC) decided to keep its benchmark policy rate unchanged at ...
Trump calls on Federal Reserve board to wrest full control of central bank from Fed Chair Powell
President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.
Weakening US jobs market hits center of Fed rate policy debate
Surprisingly weak July hiring data released on Friday highlighted a fractious Federal Reserve debate over whether the central ...
July FOMC: Fed Pause Continues, September Cut Odds Fall On Hawkish Tone
The Fed holds rates steady at 4.25%–4.50%, emphasizing inflation risks and labor market strength. Click for more on the ...
As Trump challenges Fed independence, key FOMC member resigns
Fed Governor Adriana Kugler resigns amid a tumultuous time for the central bank, whose independence is being challenged ...
Mises Institute2hOpinion
The Fed Says It Is “Data-Driven.” But the Data Isn’t Any Good.
What use is the Fed's supposed devotion to being "data-driven" when the data itself is unreliable and the Fed is basing its ...
Jamie Dimon doubles down on Powell despite Trump criticism, saying an independent Fed means lower rates
"Independence keeps interest rates lower, if you actually look through the history of interest rates a little bit," Dimon ...
Trump urges Fed board to ‘assume control’ if rates not cut
President Donald Trump called on the Federal Reserve board to “assume control” if Chair Jerome Powell does not lower interest ...
Read the July FOMC Statement
Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity ...