The Fed’s median target rate is still well above the annual pace of consumer inflation. The odds are low that Fed will cut rates at the upcoming July 30 policy announcement. Read more here.

Americans' outlook on inflation was little changed last month as households upgraded their views on the state of their finances and ability to get credit, according to a report released on Tuesday by the New York Federal Reserve.

The right to freedom of speech allows Trump to make demands of the Fed to his heart's content. But legally, he cannot compel the central bank to lower its benchmark interest rate. The Fed has the right to act independently, and its aim is to promote a healthy and stable economy by keeping inflation in check.

It's too soon to tell if tariffs will have a lasting impact on inflation, St. Louis Fed President Alberto Musalem said on Thursday Core PCE inflation has been running at 2.7% Y/Y, and has been increasing over the past three months.

Russell Vought suggested Jerome Powell is in violation of government building rules in the renovation of the Fed’s headquarters.

The White House has stepped up its attacks on Federal Reserve Chair Jerome Powell, criticizing him over renovations at the central bank's Washington, D.C. headquarters.

The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has already raised doubts about their credibility.

Gold held steady after the latest Federal Reserve minutes showed officials are divided over the outlook for interest rates.