Federal Reserve Board Chairman Jerome Powell and President Trump have engaged in a public imbroglio regarding reduction of the federal funds rate. The Fed, like the rest of the federal bureaucracy, is part of the executive branch. While President Trump is well versed in economic matters, most presidents aren't.
Economic News
It's hard to believe that a couple years ago Time magazine considered naming Federal Reserve Board Chairman Jerome Powell as its Person of the Year. He may well have won, if it hadn't been for someone named Taylor Swift. Here are the facts: In the second quarter of this year, the U.S. economy grew by 3.3%, and with a few weeks to go in the third quarter, the Federal Reserve…
The U.S. Federal Reserve is under siege. President Donald Trump threatens to fire Chair Jerome Powell. The Supreme Court has confirmed that the chair can't be dismissed except "for cause"— a threshold that the renovation-cost overruns the president has cited don't meet.
In 1913, Congress gave the Federal Reserve a clear and narrow mission: Safeguard the value of our money and support stable employment. The Fed, like the U.S. Department of Education, U.S. Agency for International Development and others that have come under attack by President Donald Trump's administration, has strayed far from its original purpose.
WASHINGTON— Federal Reserve Chair Jerome Powell signaled a cautious approach Tuesday to future interest rate cuts, in sharp contrast with other Fed officials this week who called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed's goals of seeking maximum employment and stable prices.
The Blackstone Valley area real estate market shows no signs of slowing down, and the first Federal Reserve rate cut this year has the potential to make homeownership more affordable for many on the cusp of being able to buy. Even with sales slowing in some communities, limited inventory continues to support pricing, "said Jennifer Lemme, president of the…
The Federal Reserve's Senior Loan Officer Opinion Survey from Q1 in 2025 suggests that it has become more challenging for small businesses in the United States to secure commercial and industrial loans. Using current data from the Federal Reserve, Gateway Commercial Finance, an invoice factoring company, offers insights into the commercial lending…
The following information was released by the Equipment Leasing and Finance Association:. The CapEx Finance Index showed that demand for equipment continued to improve in August, with new business volumes rising for a second straight month despite both turbulent trade policy and changes at the Federal Reserve. Total NBV among surveyed Equipment Leasing…
The Department of Business, Economic Development and Tourism is encouraging Hawaii small businesses to take part in the Federal Reserve's 2025 Small Business Credit Survey, now open through November 14. Last year, feedback from Hawaii participants contributed to national reports on lending trends and the financial health of small businesses following…
The following information was released by the Federal Reserve Bank of San Francisco:. I am honored to be speaking with a wide array of audiencesthe participants of the 35th Annual Spencer Fox Eccles Convocation, members of the Utah Chapter of the National Association of Corporate Directors, and members of the broader Salt Lake community.
NEW YORK- U.S. stock indexes drifted lower Wednesday. It's a slowdown following the U.S. stock market's blistering run since hitting a low in April, fueled by hopes that President Donald Trump's tariffs won't derail global trade and that the Federal Reserve will cut interest rates several times to boost the U.S. economy. Demonstrating the weight of high…
Chicago home buyers could be handed a gift-wrapped present of a 5.75% mortgage rate for Christmas. That’ s the crystal-ball gazing prediction from economists after the quarter-point interest rate reduction was voted by the Federal Reserve Board on Sept. 17. On Sept. 18, a day after the Fed’ s rate cut, Freddie Mac’ s Primary Mortgage Market Survey reported that…
2025 SEP 24– By a News Reporter-Staff News Editor at Tech Daily News– Researchers detail new data in Investment. For more information on this research see: The Propagation of Cyberattacks Through the Financial System: Evidence From an Actual Event. The Journal of Finance, 2025. The Journal of Finance can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ,…
Activity in the oil and gas sector declined slightly in the third quarter of 2025, according to executives at exploration and production firms headquartered in Texas, northern Louisiana, and southern New Mexico, the Federal Reserve Bank of Dallas said in a quarterly survey released Wednesday. The Eleventh District accounted for about 59% of U.S. oil…
Federal Reserve Chairman Jerome Powell on Tuesday signaled that he is taking a cautious stance on future interest rate cuts. Powell said during a speech at an event in Rhode Island that the Fed is presently facing a "challenging situation" due to inflation risks and lower employment. His comments come after the Fed announced last week that it was lowering its…
The following information was released by the Federal Reserve Bank of Richmond:. However, concerns about the impact of tariffs on prices and business performance continued to weigh on firms, according to the CFO Survey, a collaboration of Duke Universitys Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. Likely, it is the fall in…
The following information was released by the Federal Reserve Board:. It's the first time someone with community banking experience has served in this role, and I am working to make sure that the Federal Reserve is addressing the issues I have discussed with you and other community bankers over the past nearly seven years that I've been a member of the Board of…
The following information was released by the Federal Reserve Board:. At the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon, Warwick, Rhode Island. The last time I had the opportunity to speak to the Greater Providence Chamber of Commerce was in the fall of 2019.
—U.S. stock indexes are drifting lower on Wednesday as Wall Street takes a pause from what seemed like a relentless rally. It's a slowdown following the blistering run for the U.S. stock market since it hit a low in April, fueled by hopes that President Donald Trump’ s tariffs won’ t derail global trade and that the Federal Reserve will cut interest rates several times…
