Fed, Trump and interest rates
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The Fed’s decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto loans.
President Donald Trump told reporters he would not fire Federal Reserve Chair Jerome Powell despite growing tension between the two over interest rates.
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ABP News on MSNTrump Visits Federal Reserve, Criticises Renovation Costs And Demands Lower Interest RatesTrump visited the Fed, attacked renovation cost overruns, and urged Chair Powell to cut interest rates weeks before a critical policy meeting.
The Federal Open Market Committee will meet on Tuesday and Wednesday before announcing the federal-funds rate target range, which has sat at 4.25% to 4.5% since December. The decision will go public at 2 p.m. Eastern time on Wednesday, and Fed Chair Jerome Powell will address the media at 2:30 p.m.
It’s not the Nantucket Summer Garden Tour.Yet a gaggle of White House officials and other GOP leaders led by President Donald Trump headed over to the Federal Reserve campus this week. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵They're checking out a $2.
The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.