Federal Reserve Chair Jerome Powell is standing by his wait-and-see message on interest rates despite Trump's pressure and Israel-Iran ceasefire deal.

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 says, a stance directly at odds with President Do

On July 1, Federal Reserve Chair Jerome Powell spoke at the ECB Forum and conveyed caution regarding potential interest rate cuts, reiterating that policymakers are prepared to react to the data that emerges in an environment where economic uncertainty, created by protectionist trade policies, is present.

Powell’s remarks underscore that the Fed chief isn’t inclined to shift the central bank’s vigilant stance on inflation and interest rates despite the widespread assumption by economists and ...