Chairman Jerome Powell said the central bank is in wait-and-see mode amid mostly positive U.S. economic conditions.
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.
In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
Federal Reserve chair Jerome Powell on Wednesday did not comment on U.S. President Donald Trump's remarks from last week about demanding a fall in interest rates. Trump, speaking at the World Economic Forum at Davos-Klosters,
Oil prices stabilized in Asian trade on Wednesday, supported by a smaller-than-expected rise in U.S. crude inventories. The American Petroleum Institute (API) reported a 2.86 million-barrel build for the week
Investors this week will be keenly watching how or if the Federal Reserve and the bond market cooperate with Donald Trump’s order for lower interest rates.
The Federal Reserve on Wednesday will announce its latest decision setting the level of interest rates, just days after President Donald Trump called on the central bank to lower them. Investors widel
President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.
This uncertain outlook in oil markets could pose a challenge to Canada's economic stability, given its heavy reliance on oil exports. Falling crude prices threaten to widen Canada's trade deficit, which could weigh heavily on the Canadian dollar, already hovering at multi-year lows.
Asian stocks fell broadly on Monday as investors reacted to weak Chinese data and awaited interest-rate decisions from the U.S.
U.S. President Donald Trump said he would ask Saudi Arabia and other OPEC nations to 'bring down the cost of oil'.