Economy

President Trump’s campaign to exert more control over the Federal Reserve recently hit a new gear. Here are the basics on the long-running situation. Source link

In her first interview with a national outlet since taking the job, Anna Paulson says the central bank chair has been “very effective.” Source link

Schmid, one of three dissenters in Federal Reserve’s decision for quarter-point rate cut in December, said that with inflation above the Fed’s 2% target for more than four years policymakers don’t have room to be complacent. Source link

U.S. PCE inflation data will be watched in the coming week, alongside U.S. gross domestic product numbers, as investors continue to gauge the likely timing of the next Federal Reserve interest-rate cut. Source link

Speaking at an economics conference in suburban Boston, Bowman said that even after three quarter-point rate cuts in late 2025, the Fed’s interest-rate setting is still “moderately restrictive,” meaning that Fed policy is still leaning against inflation and economic growth. Source link

Trump wants a loyalist. Senators want independence. Backlash to a Justice Department probe highlights how those goals are in conflict. Source link

With the Fed under pressure to cut interest rates more, its counterpart in Australia is facing a different dynamic with implications for global currency and fixed-income markets. Source link

Reporters in Boston and New Orleans bought the agriculture secretary’s suggested meal. Source link