Former President Donald Trump on Friday publicly criticized the Federal Reserve and its chairman, Jerome Powell, accusing them of 'choking out the housing market' with high interest rates, thus posing challenges for Americans, particularly young adults, to procure homes. The remarks were delivered through a post on Trump's preferred social media platform, Truth Social. In … [Read more...] about Trump Blames Fed Chief for ‘Strangling’ the American Dream
Fed
Trump: ‘No Plans’ to Remove Fed Chair Powell Before 2026 Term Ends
Donald Trump has said that he won't remove Jerome Powell from his position as Federal Reserve Board chairman before the end of Powell's term in May 2026. He also called Powell "a total stiff", and repeated calls for the Fed interest rate to be lowered. In an interview on "Meet the Press With Kristen Welker", which aired on NBC News on Sunday, Trump stated that Powell wasn't … [Read more...] about Trump: ‘No Plans’ to Remove Fed Chair Powell Before 2026 Term Ends
Inflation Holds at 2.5%—What It Means for Your Wallet
The Personal Consumption Expenditures Index (PCE) increased by 0.3% in February, after a 0.3% increase in January that was not revised. The PCE price index was expected to rise by 0.3%. The Bureau of Economic Analysis of the Commerce Department said that prices rose 2.5% in the year to February, matching the rise of January. After a 0.3% increase in January, the PCE index … [Read more...] about Inflation Holds at 2.5%—What It Means for Your Wallet