Governor Christopher Waller's comments come as tensions between Fed Chair Jerome Powell and President Donald Trump have reached a boiling point in recent days.

"Toward the end of the year, the housing market may become a bigger deal for inflation than tariffs," Comerica Bank chief economist Bill Adams said.

Gold rose as traders assessed differing views from US Federal Reserve officials on how President Donald Trump’s tariff agenda will impact inflation.

WASHINGTON (TNND) — President Donald Trump is once again putting public pressure on Federal Reserve Chair Jerome Powell, calling for interest rate cuts amid signs of a cooling labor market. But while rate cuts have been projected for months, the Fed hasn’t moved since December of 2024, and Powell doesn’t seem ready to cave just yet.

A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.

Raphael Bostic remains focused on economic data despite Trump's criticism of Powell, noting that businesses in the southeast are experiencing real price pressures from tariffs.

Short-term U.S. interest-rate futures rose on Wednesday after a report that President Donald Trump is likely to fire Federal Reserve Jerome Powell soon, with traders now betting on rate cuts starting in September and at least one more by December.

WASHINGTON — The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance ...

President Donald Trump is once again intensifying his calls for interest rate cuts while lobbing insults at the source of his frustration, Fed Chairman Jerome Powell. Natasha Sarin discusses the potential impact of Trump firing Powell and the importance of keeping the Federal Reserve nonpartisan.