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Rate-Cut Decision Was Narrow, Fed Minutes Show
8 January 2025 at 16:06
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.
© Cheriss May for The New York Times
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Trump Says He Does Not Have Plans to Replace Jerome Powell as Fed Chair
8 December 2024 at 10:26
Donald J. Trump, the president-elect, said he doesn’t “see it” when asked if he would try to oust the head of America’s central bank.
Jerome H. Powell, the chairman of the Federal Reserve, speaking to lawmakers in July. His term as chair expires in 2026.
