Bank of Cleveland President Beth Hammack said that she does not see an immediate reason to cut interest rates and that the U.S. economy is "really healthy."

The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday.

Federal Reserve Chair Jerome Powell said the central bank would have likely already moved to lower borrowing costs if it weren't for worries that tariffs would drive up inflation.

FOMC members broadly agreed that while the risk of GDP contraction had come down, the risk of inflation spike had also come down. Also, the FOMC is of the view that in the event of tariff hike, the inflation impact would only be a one-time impact.

If you’ve been putting off a big purchase because you’re waiting for interest rates to drop back down to pandemic-era lows, you might want to reset your expectations. A new study finds that the probability of the Fed dropping rates to zero again is extremely low.

“The board just sits there and watches, so they are equally to blame,” Trump said. The attack on the board ratchets up pressure on individual Fed officials, such as Governor Chris Waller, who have been mentioned as potential successors to Powell, whose term ends in May 2026.

Donald Trump has been demanding that the Federal Reserve cut interest rates. Jerome Powell finally said why they haven’t.

Treasury Secretary Scott Bessent revealed that the Trump administration is now eyeing Aug. 1 as the date to slap the “Liberation Day” tariffs against countries that failed to cut

Trump demands that the Fed reduce rates by at least 3 points to save the US $360 billion a point. The Polymarket bets 95% that the Fed will ignore Trump’s demands this month. Trump considers naming a shadow chair until the current chair, Jerome Powell, leaves office next year.

Some Federal Reserve officials are starting to beat the drum for an interest ... Powell said he is not putting a rate cut on the table for this month's Federal Open Market Committee. But he also is not taking it off, either. "I really can't say.

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.