Trump Calls Fed Chair Powell
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The Federal Reserve's path to interest rate cuts starting in September appeared to widen on Thursday, after a pair of government reports pointed to cooler inflation and signs of potential weakening in the labor market.
President Trump said his pick for the next Federal Reserve chair was coming soon as he stepped up his attacks on Jerome H. Powell.
Gold rose after another soft inflation report bolstered bets that the Federal Reserve may need to cut interest rates later this year.
Shana Orczyk Sissel, founder and CEO of Banríon Capital Management, says she believes the U.S. Federal Reserve will continue to "stand pat" on interest rates, noting the economy "seems to be doing quite well." EXCLUSIVE: Guardiola dreams of World Cup glory but has no plans to leave City
So far this year, the Federal Reserve has kept interest rates steady. But when will that change, and how could it impact what you earn on your savings?