The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
As Americans have realized, a byproduct of high inflation is typically high interest rates. As inflation begins to rise, the Federal Reserve will likely raise its benchmark fed funds rate. The fed ...
Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.