How Independent Is the Fed?

Why the Fed will likely keep interest rates unchanged at its upcoming meeting

The U.S. central bank, to President Donald Trump’s chagrin, will likely leave interest rates unchanged at a policy meeting this week, but that’s not to say there won’t be a vigorous debate, with one if not two Federal Reserve governors possibly casting a rare dissent in support of lower borrowing costs. The majority of Fed policymakers, though, remain concerned that Trump’s tariffs could undo progress on bringing inflation back to the central ba…

How independent is the Fed?

Regular breakfast between the Fed chair and the Treasury Secretary was a long-held tradition. Janet Yellen recently described her tenure as being peppered with chats with President Obama, as he “expressed interest in understanding the economy and the economic outlook”. That’s to say, interactions between the US administration and the central bank are common enough. But what happened last Thursday was different. Trump’s visit to the Federal Reser…

Trump slams Fed over interest rates as central bank holds firm amid inflation risks

WASHINGTON, July 27 — The US central bank is widely expected to hold off slashing interest rates again at its upcoming meeting, as officials gather under the cloud of an intensifying pressure campaign by President Donald Trump.Policymakers at the independent Federal Reserve have kept the benchmark lending rate steady since the start of the year as they monitor how Trump’s sweeping tariffs are impacting the world’s biggest economy.With Trump’s on…