Lates News

"New Fed Communications" Nick Timiraos: President Trump expressed a rare desire to cut interest rates between two meetings. The last rate cut was on March 15, 2020, when the coronavirus pandemic hit the financial markets. The Fed's next scheduled policy decision statement - widely expected to keep rates unchanged - will be released five business days later. In the past, military conflicts have led to the White House exerting the strongest pressure on the Fed.