Latest news with #USCentralBank
Yahoo
15 hours ago
- Business
- Yahoo
Trump again slams Fed chair Powell after rates hold
WASHINGTON (Reuters) -U.S. President Donald Trump again criticised Federal Reserve Chairman Jerome Powell on Thursday, a day after the U.S. central bank held interest rates steady in a 9-2 vote. "Jerome 'Too Late' Powell has done it again!!! He is TOO LATE," Trump wrote in a post on his social media platform. "Put another way,'Too Late' is a TOTAL LOSER, and our Country is paying the price!"
Reuters
7 days ago
- Business
- Reuters
Fed says its "grateful" for Trump's encouragement to complete renovation
July 25 (Reuters) - The Federal Reserve said on Friday that it was "grateful" for President Donald Trump's encouragement to complete its renovation project and that it "looked forward" to seeing the project through to completion. "We remain committed to continuing to be careful stewards of these resources as we see the project through to completion," it said in a statement, a day after Trump made a rare visit to the U.S. central bank, where he criticized the renovation project of its two historical buildings at headquarters.
Gulf Insider
23-07-2025
- Automotive
- Gulf Insider
Trump Announces "Largest Trade Deal Ever" With Japan
President Donald Trump announced on Truth Social that he reached a 'massive' trade deal with Japan that will set tariffs on Japanese imports at 15% and see the key American trading counterpart and ally invest $550 billion into the US (with about the same likelihood of doing so as Stargate is to invest $500 billion in US AI technology) . 'I just signed the largest trade deal in history, I think maybe the largest deal in history — with Japan,' Trump said at an event at the White House on Tuesday after announcing the deal on social media. 'And that was done with Japan. They had their top people here and we worked on it long and hard and it's a great deal for everybody.' 🚨 JUST IN: President Trump signs "largest trade deal in history.""Japan!" a trillion."The tariffs kicked in better than anybody, other than me and a few others in the room, thought would happen."Experts FURIOUS tonight. — Eric Daugherty (@EricLDaugh) July 22, 2025 On Truth Social, Trump explained that the pact calls for Japan to 'open their Country' to US automobile imports, as well as additional agricultural imports including rice – a remarkable achievement with a country which has historically been extremely protectionist of the food staple – without specifying further. Trump has repeatedly zeroed in on auto trade as he criticizes trade imbalances with the country. Around 80% of Japan's trade surplus with the US is in cars and auto parts. Click here to read more Also read: Trump Pledges To Prevent US Central Bank Digital Currency
Reuters
01-07-2025
- Business
- Reuters
Powell reiterates Fed will wait for more data before cutting rates
SINTRA, Portugal, July 1 (Reuters) - U.S. Federal Reserve chair Jerome Powell reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again setting aside President Donald Trump's demands for immediate and deep rate cuts. "We're simply taking some time," Powell said at a central bank gathering in Portugal, a day after Trump sent him a handwritten missive noting how low other central banks had cut rates and suggesting the U.S. needed to move. "As long as the U.S. economy is in solid shape, we think that the prudent thing to do is to wait and learn more and see what those effects might be."
Yahoo
01-07-2025
- Business
- Yahoo
Powell reiterates Fed will wait for more data before cutting rates
SINTRA, Portugal (Reuters) -U.S. Federal Reserve chair Jerome Powell reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again setting aside President Donald Trump's demands for immediate and deep rate cuts. "We're simply taking some time," Powell said at a central bank gathering in Portugal, a day after Trump sent him a handwritten missive noting how low other central banks had cut rates and suggesting the U.S. needed to move. "As long as the U.S. economy is in solid shape, we think that the prudent thing to do is to wait and learn more and see what those effects might be." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
