Trump revokes $80 million from NYC after threat to claw back FEMA cash used to care for migrants
President Trump and Elon Musk illegally revoked more than $80 million in funds from City bank accounts after Musk threatened to claw back FEMA funds used to house migrants in “luxury hotels,” the city ...
Donald Trump and Elon Musk ‘illegally’ revoked $80 million in federal aid for shelters from NYC, Comptroller Brad Lander alleges
President Trump and Elon Musk “illegally” stole $80 million in previously paid FEMA funds directly from New York City’s ...
Trump wants interest rate cuts. The market isn't buying it.
Voters elected Trump to find a way to curb the hotter inflation that occurred under President Joe Biden. But the president ...
Trump wants both lower interest rates and tariffs. Here's how that could backfire.
President Donald Trump took to Truth Social Wednesday to argue that tariffs and lower interest rates go "hand in hand," suggesting that new trade barriers could prompt the Federal Reserve to ease ...
Fed's Bostic: Not comfortable cutting rates again until there is more clarity on inflation, other policies
Atlanta Federal Reserve President Raphael Bostic said on Wednesday it is not clear when the Fed can cut interest rates again ...
Fed's Powell says central bank still has access to data it needs
Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from any data it needs to do its ...
Powell says Trump’s comments won’t affect interest rate decisions by the Fed
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the ...
Only one Fed rate cut expected in 2025 after hot January inflation data
U.S. CPI report sent traders scrambling to further recalibrate their Fed rate cut expectations. Read more here.
Markets trim Fed rate cut bets following hot inflation report
A hotter-than-expected inflation reading makes it much more likely that the Federal Reserve will keep rates on hold for the foreseeable future, reinforcing a cautionary stance from Jerome Powell and ...
Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we're not quite there yet'
A Fed interest rate cut won’t be coming until at least September, if at all this year, following a troubling inflation report ...
Powell refrains from saying which way interest rates could go based on Trump's policies
Federal Reserve Chair Jerome Powell, appearing for a second day of testimony before Congress, said central bank officials remain in a wait-and-see mode when it comes to deciding where interest rates ...