Sections SEARCH Skip to content Skip to site index Economy Subscribe Log In Log In Today’s Paper Economy | How Trump’s Feud With the Fed Is Rooted in Presidential History Advertisement Supported by Federal Reserve chairs and presidents have long had fraught relationships. ByJeanna Smialek Fed and Economy Reporter June 24, 2019 President Trump has made heckling the Federal Reserve, and its chair, Jerome H. Powell, something of a sport. He has berated Mr. Powell for raising interest rates and taking steps to end a crisis-era stimulus program, likening the Fed to a powerful golfer who has “no touch” and cannot win. The past provides some precedent for that frayed relationship. The executive branch had avoided complaining about the Fed or interest rate policy since the Clinton administration, after officials determined that criticizing the independent central bank was a bad approach and … [Read more...] about How Trump’s Feud With the Fed Is Rooted in Presidential History
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What You Need to Know About Wednesday’s Fed Meeting
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Log In Today’s Paper Politics | What You Need to Know About Wednesday’s Fed Meeting Advertisement Supported by ByJim Tankersley March 20, 2019 WASHINGTON — The big question facing the Federal Reserve as it wraps up its two-day policy meeting on Wednesday is how much the central bank should worry about United States economic growth this year. Fed officials are expected to leave interest rates unchanged at the conclusion of the meeting, but the day could still hold plenty of action for investors, lawmakers and other Fed watchers. All eyes will be on whether officials downgrade their economic forecast for 2019 in the face of data suggesting slowing global and domestic growth. And close attention will be paid to comments by Jerome H. Powell, the Fed chairman, at a news conference where he is expected to provide details … [Read more...] about What You Need to Know About Wednesday’s Fed Meeting
Long winter’s nap? Global slowdown, market fears could extend Fed pause
By Howard Schneider WASHINGTON (Reuters) - Ebbing global growth and shaky financial markets threw the U.S. Federal Reserve off course in early 2016, and it took nearly a year for officials to regain confidence growth would continue and convince investors they would again raise interest rates. Similar conditions confront Fed policymakers as they meet this week, with market scepticism about further rate hikes as deep as it was three years ago, and a stalemate over global trade, a U.S. federal government shutdown, and waning business and consumer confidence further clouding the picture. (Graphic: https://tmsnrt.rs/2B6xrKy) Policymakers have been clear they plan a "patient" pause in rate hikes. The challenge for Fed chairman Jerome Powell is how much of a pause to signal without leaving the public convinced that the Fed's current cycle of rising interest rates has come to a full stop. "Realistically it is a second half of the year story," for the Fed to feel secure the U.S. recovery is … [Read more...] about Long winter’s nap? Global slowdown, market fears could extend Fed pause
Fed likely to hike rates again, despite Trump’s tweets
Washington - The Federal Reserve is expected Wednesday to raise its benchmark rate for a fourth time this year despite President Donald Trump's repeated assertions that doing so would be a terrible idea. The president fired off two tweets this week objecting to a rate hike. In one of them, he called it "incredible" that the Fed would consider raising rates again when "the outside world is blowing up around us."No matter, in the lead-up to this week's meeting, Fed officials have signaled that they're set to raise rates Wednesday. Still, after Trump's stream of tweets, continued losses on Wall Street, persistent trade frictions and growing evidence of a global slowdown, some doubts have arisen among Fed watchers. The CME Group's index of investor expectations has put the likelihood of no rate increase Wednesday at 28 percent -- an unusually high level of doubt on the eve of an anticipated Fed announcement.After this week, prospects for the course of interest rates will become more … [Read more...] about Fed likely to hike rates again, despite Trump’s tweets
The Finance 202: Trump continues to bash Fed as markets dip
Tory Newmyer, The Washington Post Published 7:10 am PST, Tuesday, December 18, 2018 WASHINGTON - The stock market is giving President Donald Trump a lump of coal for Christmas. All three major indexes shed more than 2 percent on Monday, as the S&P 500 notched its lowest close in 14 months. The tech-heavy Nasdaq is down 2.2 percent this year, and the small-cap Russell 2000 index has lost more than 20 percent from its late-summer high, officially putting it in bear market territory. The Dow Jones industrial average and the S&P 500, both down more than 7.5 percent this month, are on track for their worst December performances since 1931, in the pit of the Great Depression. Trump was silent on the latest market down day, extending his pattern of avoiding comment on Wall Street carnage. A year ago this week, he was heralding history-making gains, as his then-imminent signing of a massive tax cut powered stocks higher. But to the extent the promise of Trump's tax cuts … [Read more...] about The Finance 202: Trump continues to bash Fed as markets dip