You might think of the Federal Reserve as a bank to banks. It holds bank deposits, lends money to financial institutions, and facilitates the process for banks to borrow funds from each other.
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
Federal Reserve officials have been saying for a few months that the labor market is not adding to inflation pressures. This continued after the big gain in wages seen in the February jobs data. The 0 ...