President Trump suggested Friday he may try to fire Federal Reserve Chair Jerome Powell, calling the central bank leader a “Total and Complete Moron” for leaving interest rates steady. The president has been lashing out against Powell for months, criticizing the central banker — whom Mr. Trump appointed in his first term — for not … Read more
The Federal Reserve said Wednesday it is holding its benchmark interest rate steady, marking a continuation of its “wait-and-see” approach as it assesses the impact of the Trump administration’s economic policies. The central bank also expects inflation to worsen in the coming months, but it still foresees two interest rate cuts by the end of … Read more
The Federal Reserve Bank is expected to hold its benchmark rate steady at its meeting on Wednesday, maintaining the same cautious posture it has assumed throughout the first half of 2025. That’s according to the CME Group’s FedWatch Tool, which as of June 18, 2025, shows a likelihood of 99.9% that the Fed will keep … Read more
Wells Fargo & Company (NYSE:WFC) is one of the best Goldman Sachs bank stocks. On June 10, Wells Fargo Chief Financial Officer Mike Santomassimo commented that the American consumer loan growth will potentially be tepid for the rest of 2025 and could likely decline. On the commercial side, growth is harder to forecast due to … Read more