Will the Fed lower interest rates in July? Here's what traders think
Traders think a rate cut could happen as early as July.
Facebook met with Fed officials before unveiling Libra, Powell confirms
On Tuesday, the social media giant unveiled details about Libra, a new cryptocurrency powered by blockchain.
Powell dismisses Trump threat, says he 'fully intends' to complete four-year term
“I think the law is clear that I have a four-year term, and I fully intend to serve it,” Powell told reporters.
Fed leaves interest rates unchanged, signals no cuts in 2019
Despite Powell's comments, traders currently are pricing in a 100 percent chance of a rate cut during the FOMC's July meeting.
Will the Fed cut interest rates during its meeting this week?
Most economists anticipate the U.S. central bank will keep the benchmark federal funds rate at 2.25 percent to 2.5 percent.
White House explored legality of demoting Fed Chair Jerome Powell: Report
Larry Kudlow declined to comment whether the White House had ever considered demoting Powell.
Trump hits ECB president for 'unfairly' competing against the US
Earlier in the day, Draghi said the ECB was ready to cut interest rates, if the economy needed it.
Is a Fed rate cut all but guaranteed this year, thanks to low inflation?
It was the smallest increase in inflation since January.