President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
President Donald Trump took a combative tone at times as he spoke remotely Thursday to an international audience of business leaders, politicians and other elites at the World Economic Forum’s annual event in Davos,
Speaking before the World Economic Forum in Davos, Switzerland, Trump said he’ll call for interest rates to be lower than current levels. A possible sign he is setting up a possible battle with the Federal Reserve.
The annual gathering in the Swiss ski resort had a complicated geopolitical backdrop this year.
The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.
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Donald Trump put friends and foes on notice when he addressed the World Economic Forum on Thursday, making his return to the world stage.
Federal Reserve’s first meeting of 2025 is expected to keep interest rates steady, despite pressure from former President Donald Trump to lower them. Trump recently demanded a rate drop, citing falling oil prices,
It all began around 10 years ago during the Obama administration, with the former president, famous for bringing progressive hope and change. He began the crackdown on banks over whom they did business with, nominally looking to debank money launderers but also focusing on politically incorrect industries like gun manufacturers.
Fiscal policy and monetary policy are always vying for top spot on the market’s list of concerns. For now, there is little to see at the Fed. What the market needs is clarity on the fiscal front.
Follow live coverage of the January FOMC meeting, interest-rate announcement, and Fed chairman Jerome Powell's press conference.