Bowman said on Friday she expects declining inflation to allow further interest rate cuts this year, but feels many factors could slow the process.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.
Fed chair Jerome Powell said he has not talked with Trump since the president demanded last week “interest rates drop immediately.”
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
Welcome to Investopedia's live blog of the Federal Reserve's January meeting. Here, we will bring you the latest news on the Fed's decision, explain what it means, and provide analysis.
A desire for low rates confronts a very different economic backdrop—with higher price pressures—from his first term.
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.
The Federal Reserve left interest rates unchanged Wednesday as it began a new wait-and-see policy stance amid a cloudy economic outlook and uncertainty over whether some of President Donald Trump’s policies could stymie the fight against inflation.