Top Fed Official Backs July Rate Cut as Trump Ramps Up Pressure

Christopher Waller, a potential contender to be the next chair of the central bank, said the Federal Reserve should not wait for the labor market to weaken to reduce interest rates.

News
Are Investors Too Complacent About Tariffs and Rates Uncertainty?

Stocks have hit new highs despite President Trump’s escalating trade war. Some traders may be calling his bluff, but Jamie Dimon of JPMorgan Chase advises caution.

News
Fed Minutes Underscore Divisions Over Pace of Interest Rate Cuts

The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.

News
Bessent Steps Up Criticism of Fed as Auditions for Chair Intensify

The Treasury secretary is breaking with tradition in publicly assailing the central bank’s policies as President Trump looks for its next leader.

News
Powell Reiterates Fed’s Wait-and-See Approach Before Cutting Rates

The Fed chair will tell lawmakers that the central bank can wait to see how President Trump’s tariffs affect the economy before lowering borrowing costs.

News
Fed Governor Calls for Rate Cuts as Soon as July

Christopher J. Waller, who was appointed by President Trump, said the central bank should not wait for the labor market to weaken.

News
Bond Market Shudders as Tax Bill Deepens Deficit Worries

Financial markets are looking for more “fiscal discipline” from Washington, a top official at the Federal Reserve warned.

News
What to Watch at the Federal Reserve’s May Meeting

The U.S. central bank is widely expected to stick to a wait-and-see approach as officials brace for President Trump’s tariffs to stoke higher inflation and slower growth.

News
Dollar Doubts Dominate Gathering of Global Economic Leaders

Participants at the I.M.F and World Bank meetings this week reckoned with the prospect that the U.S. safe haven could lose its luster.

News
Will Cars, Phones and Other Goods Be Too Big to Tariff?

Washington and Beijing increasingly look likely to de-escalate their trade war. But the economic damage and ongoing uncertainty may persist for a while.

News