Fed, Trump and Powell
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The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.
More jobs, more spending and continued uncertainty about tariffs. Here's how that could impact the Fed's interest rate decision this week.
Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher.
Possible dissents by Christopher Waller and Michelle Bowman would mark the first time in three decades that more than one Fed governor dissented at a policy meeting.
A sprawling $2.5 billion project to renovate the central bank’s headquarters in Washington has become the focal point of attacks from the Trump administration.
The U.S. central bank, to President Donald Trump's chagrin, will likely leave interest rates unchanged at a policy meeting this week, but that's not to say there won't be a vigorous debate, with one if not two Federal Reserve governors possibly casting a rare dissent in support of lower borrowing costs.
With gold prices high and a new Fed meeting slated for this week, here's what investors should be considering now.
For background, contemplate a recent New York Times opinion piece by former Federal Reserve Chairs Ben Bernanke and Janet Yellen. While they’re no longer at the central bank, their ideas about inflation remain. And what they imagine inflation to be speaks to the real problem at the Fed.