“No,” Powell said firmly on Thursday, when asked whether he would step aside if Trump asked for his resignation. During a press conference following the Fed’s two-day policy meeting, Powell said repeatedly that Trump — who explored firing the Fed ...

The Fed lowered rates by 25 basis points to a 20-month low, but economists say tariffs may throw a wrench in the rate cutting cycle.

Powell pointedly sidestepped a question about how his picture of a “strong” economy contrasted so markedly with the lived experience of millions of workers and their families struggling with a significant reduction in their living standards.