Federal Reserve holds interest rates steady
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Former economic adviser Stephen Moore warned on Monday that Federal Reserve Chair Kevin Warsh might need another interest rate hike to tackle persistent inflation, despite President Donald Trump’s demands for lower borrowing costs.
CNN, POOL, CENTCOM By Rachel Siegel The Federal Reserve on Wednesday held interest rates steady, even as inflation continues to weigh on American households. The widely expected move leaves the Fed’s benchmark interest rate at a range between 3.
Independence from elected officials isn’t just something Federal Reserve officials preach – it’s engrained in the central bank’s bylaws.
CNN chief data analyst Harry Enten presents polling showing President Donald Trump's declining ratings on inflation, arguing that the issue could have significant implications for Republicans in the 2026 midterm elections.
Stephen Moore, a former economic adviser to President Trump, said Monday that Federal Reserve Chair Kevin Warsh is in a “tough” position ahead of the central bank’s meeting regarding interest rates this week.
US economic growth accelerated last quarter at its fastest pace in over a year; however, rising gas prices helped to lift inflation in September to a four-month high, new data showed Thursday.
Steve Moore, a former economic advisor to President Donald Trump, admitted he would have voted for a Federal Reserve interest rate hike that went through on Wednesday, despite Trump repeatedly pushing for lower rates. Moore joined CNN on Wednesday and ...
A closely watched gauge of underlying inflation also ran hot last month: Core CPI, which excludes volatile food and energy prices, rose 0.3% from August and 2.6% from a year earlier. Housing-related inflation, which is captured in the weighty “shelter” category, rose 0.4% from August, the fastest monthly rate in five months, BLS data shows.
Wharton professor Jeremy Siegel just threw cold water on the interest rate-cut story. In an interview cited by Seeking Alpha, the veteran economist now foresees the Fed moving toward a rate hike instead of a cut on the back of rising inflation .