How the Fed sets rates — and why Powell can't move rates alone

Why is Nvidia resuming AI chip sales to China? How will Trump's new tariffs impact inflation? What caused Tesla's North American sales chief to leave? Why is JPMorgan cautious about the US economy? How is Apple reshaping its rare earth supply chain? What are the risks of removing medical debt from credit reports? Why is the S&P 500 retreating from record highs?

How the Fed sets rates — and why Powell can't move rates alone

axios.com/2025/07/15/trump-powell-fed-chair-set-rates

President Trump's war on Federal Reserve chair Jerome Powell is taking on a more aggressive form, bringing Trump a step closer to trying to oust the head of the Fed.
Why it matters: Trump wants Powell to cut interest rates, but he can't actually do so unilaterally – a committee of 12…

This story appeared on axios.com, 2025-07-15 11:03:29.