Federal Reserve Board Chairman Jerome Powell speaks at a news conference after a Federal Open Market Committee meeting in Washington, DC, on June 19, 2019. – Powell said Wednesday that many central bankers feel the case for a rate cut has “strengthened” but that they want to see more data before moving.
US President Donald Trump on Monday renewed his attacks on the Federal Reserve, saying the central bank’s reluctance to cut interest rates was standing in the way of blowout economic expansion.
The Fed last week left benchmark US lending rates untouched but signalled it could ease them soon if the economic outlook deteriorates. Read More