Trump is urging the Fed to cut rates to save the U.S. government money on its interest payments affixed to the vast national debt. Yet the Fed has long resisted considering the government’s financing costs when making interest rate decisions, preferring instead to focus on the health of the economy and inflation.

On July 1, Federal Reserve Chair Jerome Powell spoke at the ECB Forum and conveyed caution regarding potential interest rate cuts, reiterating that policymakers are prepared to react to the data that emerges in an environment where economic uncertainty, created by protectionist trade policies, is present.

Powell’s remarks underscore that the Fed chief isn’t inclined to shift the central bank’s vigilant stance on inflation and interest rates despite the widespread assumption by economists and ...

Federal Reserve Chair Jerome Powell declined to endorse the view that tariffs will lead to only muted price pressures and the Fed shouldn't delay rate cuts much longer, a stance made most ...

Powell's comments echo those he has made in recent months and at a news conference following the Fed’s decision last week to hold its key interest rate steady at 4.25% to 4.5% for a fourth ...