Federal Reserve Chair Jerome Powell is sticking to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, defying the steady stream of criticism from the White House,

Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the

Federal Reserve Chair Jerome Powell ramped up his war of words with President Donald Trump on Tuesday, blaming the commander-in-chief’s tariffs for holding up interest rate cuts. Powell told a central banking conference in Portugal that the looming threat of a global trade war had slammed the brakes on plans to slash the key rate of borrowing that impacts what ordinary Americans pay on their home loans or credit cards.

U.S. President Donald Trump will attend the opening on Tuesday of a remote migrant detention center in the Florida Everglades dubbed "Alligator Alcatraz" as he pressures lawmakers to deliver a sweeping spending bill aimed at ramping up deportations.