Federal Reserve

The chairman of the Federal Reserve said the central bank would take action to fend off economic pressure from the trade war.

President Donald Trump again urged the Federal Reserve to act on Friday after China announced new tariffs on $75 billion of United States products.

The heads of the Kansas City and Philadelphia Federal Reserve banks both said ithat they thought the July rate cut was unnecessary.

“I think the word ‘recession’ is inappropriate because it’s just a word that certain people, I’m going to be kind, certain people in the media are trying to build up because they’d love to see a recession,” Trump said. “We’re very far from a recession.”

President Trump is keeping up the pressure on Fed chair Jerome Powell to cut interest rates.

“Monetary and trade policies have heightened consumer uncertainty—but not pessimism,” Richard Curtin said in a statement.

“Our problem is with the Fed,” Trump tweeted. “Raised too much & too fast. Now too slow to cut.”

Sens. Josh Hawley (R-MO) and Tammy Baldwin (D-WI) introduced legislation Wednesday to “fight back” against foreign currency manipulation and boost American manufacturing and agriculture.

Trump pounced after Powell said that Wednesday’s rate cut should not be viewed as the beginning of a long series of rate cuts

The Federal Reserve on Wednesday cut its benchmark interest rate by one-quarter of a percentage point.

Google-owned YouTube manually adjusted search results for “federal reserve” after MSNBC host Chris Hayes complained about the prominence of anti-Fed videos in the top results, according to a source who worked at the tech company.

“The Fed has made all of the wrong moves,” President Donald Trump tweeted on the eve of the Fed’s July meeting.

Job Creators Network, one of the nation’s largest pro-jobs grassroots organizations, declared on Friday that the U.S. economy’s growth of 2.1 percent from April through June is but the latest reason why “the Federal Reserve to cut interest rates at next week’s meeting.”

Alfredo Ortiz of Job Creators Network writes in the Washington Times recommending that the Federal Reserve lower interest rates this week to stoke the fire of the booming U.S. economy.

President Donald Trump berated New York Times columnist Thomas Friedman, recounting a phone conversation he had with the economist while playing golf.

Fed Chairman Jerome Powell has stated that Facebook’s digital currency Libra cannot be allowed to operate until concerns about the project are addressed.

Fed Chair Jerome Powell said that it was appropriate for the Fed to cut rates if concerns about trade and tariffs were slowing the economy.

Federal Reserve Chairman Jerome Powell will testify Wednesday before the House Committee on Financial Services, chaired by Rep. Maxine Waters (D-CA) in a hearing titled “Monetary Policy and the State of the Economy.” 

At the core of Trump’s dispute with the Fed is the growth potential of the U.S. economy. Trump wants 4%, the Fed wants 1.8%.

A much worse than expected reading from the Philadelphia Fed’s survey of manufacturing businesses for June.|

The Fed concluded its two-day meeting with tweaks to its statement on policy and the economy while leaving rates unchanged.

This is the most important Fed meeting in years. Will the Fed cut rates or just promise to cut rates later this summer?

Comments from the European Central Bank send the Euro lower and prompt a response from President Trump.

Consumers expect long-term a inflation rate of just 2.2 percent, the lowest rate recorded over the past 40 years.

May industrial output figures from the Fed show the manufacturing sector is holding up better than expected amid trade war with China.

The Fed was wrong to assume moving production out of China necessarily imposes deadweight costs or efficiency losses

“They made a big mistake. They raised interest rates far too fast,” Trump said in a phone interview with CNBC’s “Squawk Box.”

It all rests on the false assumption that moving out of China necessarily means moving to a less efficient producer.

A slightly disappointing reading on manufacturing in Colorado, Nebraska, Wyoming, New Mexico, Oklahoma, Kansas, and Missouri.

The Fed’s survey of New York manufacturers shows an upswing in conditions and no negative drag from rising tariffs.