WASHINGTON, United States — President Donald Trump has renewed his criticism of the Federal Reserve’s interest-rate policy, arguing that the United States should be paying substantially lower borrowing costs despite solid economic data. Trump said Federal Reserve Chair Kevin Warsh was doing a “great job” but questioned the policy positions of other members of the central bank’s board.
टैग: Kevin Warsh
Trump Renews Effort to Remove Fed Governor Lisa Cook
WASHINGTON, United States — President Donald Trump has renewed his effort to remove Federal Reserve Governor Lisa Cook, giving her three weeks to respond to mortgage fraud allegations that her lawyer has called baseless. The move comes after the U.S. Supreme Court blocked Trump’s earlier attempt to fire Cook in June, keeping the dispute over presidential authority and Federal Reserve independence alive.
Fed Holds Interest Rates Steady as Warsh’s Inflation Message Leaves Markets Uncertain
The U.S. Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75% on Wednesday, July 29, as a divided policy committee weighed persistent inflation pressures against a steady labour market. Fed Chair Kevin Warsh reiterated the central bank’s commitment to bringing inflation back to its 2% target, but offered few clues about whether rates could rise at the next meeting.