President-elect Donald Trump’s favorite barometer of his success — the stock market — had been humming since his reelection. Business-friendly promises of deregulation and tax cuts got investors excited with anticipation of unlocked profit and easy money.
Goldman Sachs, JPMorgan and Bank of America are looking ahead to a strong 2025—as long as Donald Trump's tariff proposals on China, Europe and Canada don't prove too inflationary. Analysts are largely heading into the New Year feeling optimistic.
Heading into a new year with a new administration, policymakers project fewer cuts and somewhat more stubborn inflation.
The Federal Reserve's plans for interest rate cuts in 2025 are up in the air as officials wait to see what policy President-elect Donald Trump will impose and what effect it has on the economy. In particular, Trump's plans to impose tariffs have raised eyebrows at the central bank because they could push up inflation.
Federal Reserve Chair Jerome Powell hinted Wednesday that the economic policies of President-elect Donald Trump are starting to become top of mind for the central bank.
Federal Reserve Chairman Jerome Powell said Wednesday it's too soon to say what President-elect Donald Trump's proposed economic policies will do to the economy and how that might bear on the central bank's policy choices.
Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed the issue during a Dec. 19 press conference, emphasizing that the Fed is not pursuing any legislative changes to alter this position.
Powell's more than six years as Fed chief have been consequential, but the coming months could present new challenges.
Donald Trump’s controversial policies set him up for an inevitable clash with old sparring partner Jerome Powell.
US Federal Reserve chair Jerome Powell says some are trying to judge how Donald Trump’s tariffs, taxes, and immigration curbs might affect policy.
Jerome Powell's comments have had an immediate impact on Bitcoin's market capitalisation, triggering a major fall after the Fed chair commented its position on holding the crypto asset.
President-elect Donald Trump’s favorite barometer of ... But Federal Reserve Chair Jerome Powell in a press conference Wednesday reminded markets who’s boss: The Fed said inflation will ...