The Latest Breaking News from Interest Rates

President amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffs

The US president and the man he appointed to head the central bank are at loggerheads over interest rates

Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary amount of power. By controlling the flow of money and credit in a country, they can affect economic growth, inflation, employment…

Economists predict that the ECB will continue its rate-cutting cycle as global trade tensions rise and eurozone growth slows. Markets expect up to 75 basis points of easing by September, pushing the deposit rate down to 1.5%.

“If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office to reporters on Thursday.

“The White House’s actions have made it harder for the Fed to cut rates,” said a Columbia Business School professor.

The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by President Donald Trump’s tariff onslaught

A day earlier, Federal Reserve chair Jerome Powell offered a pessimistic view of the economy because of the White House’s tariff policy.

President, whose tariffs has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policy

US President Donald Trump blasted Federal Reserve chairman Jerome Powell on Thursday for not lowering interest rates, calling him "always TOO LATE AND WRONG." "Powell's termination cannot come fast enough," Trump wrote on his Truth Social platform.

European Central Bank policymakers look increasingly likely to cut interest rates again on Thursday, with US President Donald Trump's stop-start tariff announcements sowing concern in the eurozone.