President Biden on Thursday falsely claimed he had never spoken to Federal Reserve Chairman JeromePowell as president, despite having a meeting with him at the White House two years ago.
The Federal Open Market Committee on Wednesday cut its short-term interest rate target by 50 basis points, and the question is whether to believe what Chairman JeromePowell says or what he does.
The central bank might have begun cutting interest rates in late July had it known that the labor market was cooling as fast as it has been, Federal Reserve Chair JeromePowell said Wednesday.
The Federal Reserve's decision to opt for a bigger half-percentage-point cut opened a new area of disagreement between GOP nominee Donald Trump and Fed Chair JeromePowell. What Trump said this ...