Fed seen on track to resume rate cuts
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Trump won't fire Fed Chair Powell, criticizes slow rate cuts, suggests supporting Fed interest rates increase if inflation hits.
I may have to force something” on interest rates, said Trump, upping the pressure on his campaign against Powell.
Inflation was more moderate than economists anticipated in May on fears of President Donald Trump’s tariffs raising prices on a wide range of products.
Pressure on the Fed to trim interest rates is growing. In other words, the perception that the inflation problem is solved is raising the specter of more inflation.
This week's milder-than-expected data on producer\- and consumer-price indexes for May will enable the Federal Reserve to wait for more information on how ne
Americans' anxiety about the future path of inflation eased in May, as they also grew more upbeat about the state of their personal finances, according to a report released on Monday by the New York Federal Reserve.
The Federal Reserve has put interest rate cuts on hold until it has more clarity about President Trump’s policies.