Powell says Fed can wait to reduce interest rates as Trump demands cuts

Why did Fiserv lead the S&P 500 today? How did Trump’s ceasefire impact global stocks? Why are oil prices falling after Iran strikes? What caused Amazon’s Alexa AI upgrade backlash? How will Mastercard’s stablecoin partnerships affect payments? Why did McDonald’s end its partnership with Krispy Kreme? How are Tesla robotaxis affecting federal safety scrutiny?

Powell says Fed can wait to reduce interest rates as Trump demands cuts

bostonherald.com/2025/06/24/federal-reserve-jerome-powell

By CHRIS RUGABER, AP Economics Writer
WASHINGTON (AP) — The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly at odds with President Donald Trump’s calls for…

This story appeared on bostonherald.com, 2025-06-24 13:21:10.