Wall Street CEOs back Fed independence
Digest more
A Look At DOJ Investigation Of Fed’s Jerome Powell
Digest more
Fed, Trump administration
Digest more
The Federal Reserve is less likely to make cuts this year as it grapples with a criminal probe, analysts say. That could undermine one of Trump's goals.
Interest rates are likely to edge lower in 2026 as the Fed weighs inflation, jobs and political pressure. See what forecasts suggest for the year ahead.
Rep. French Hill defended Federal Reserve Chair Jerome Powell after Powell disclosed a DOJ probe, while challenger Chris Jones also weighs in.
7hon MSN
Jamie Dimon backs Fed Chair Powell amid DOJ probe: 'Everyone we know believes in Fed independence'
JPMorgan CEO Jamie Dimon is the latest top voice in the banking world to lend his support to embattled Fed Chair Jerome Powell.
Jerome Powell said he believed the investigation was due to Donald Trump's anger over the Fed's refusal to cut interest rates.
In 2026 the FOMC is expected to move interest rates slightly lower, with perhaps one or two cuts on current estimates.
Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank's quest to maintain independence.
Federal Reserve officials are hedging about how much rising productivity will help return inflation to the U.S. central bank's 2% target, reiterating this week they need to keep interest rates at current levels until it becomes clearer that price pressures will ease.