Tag: Federal Reserve
Powell says Federal Reserve subpoenaed by US Justice Department
Federal Reserve Chairman Jerome Powell said Sunday that the central bank had been subpoenaed by the US Justice Department, blasting the move as part of President Donald Trump's extraordinary pressure campaign on US monetary policy decisions.
No rate cuts expected from US Fed facing ‘unfavorable’ conditions
Analysts and investors overwhelmingly think the Fed will choose to sit tight, preferring to wait and see how the new levies affect the US economy before moving on rates.
