Last CPI report of 2025 gives the Fed little ammo to push another interest-rate cut

The increase in consumer prices in December was not as bad as many economists had expected, but the report doesn't really give the Fed a green light to cut interest rates in January for the fourth meeting in a row.

Bessent unhappy with criminal investigation of Fed Chair Jerome Powell

Treasury Secretary Scott Bessent has told people that he is unhappy with the decision to criminally investigate Fed Chair Jerome Powell, a source with knowledge of the matter told CNN.

One Fed battle after another

Over the weekend, Federal Reserve Chair Jerome Powell said the Department of Justice served the Fed with grand jury subpoenas. Powell says it’s all a sham. But the stakes are unprecedented: A potential criminal indictment.

Global Central Bankers Express Support for Fed Chair After Criminal Investigation

The defense comes after Jerome Powell pushed back on what he described as pressure by the Trump administration to cut interest rates in the United States.
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CNN’s Kaitlan Collins Stunned by ‘Explosive’ Trump Clap-Back From Fed Chair Powell

Kaitlan Collins expressed astonishment at Jerome Powell's "explosive" response to the threat of criminal charges by President Donald Trump’s Justice Department.

Inflation cooled slightly in December though it remains above Fed’s target

Inflation declined a bit last month as prices for gas and used cars fell, a sign that cost pressures are slowly easing

Live Updates: Inflation Data Due as Fed Considers Rate Path

By analyzing the government’s tariff revenue and the value of imports, the economists concluded that the actual U.S. tariff rate was 14.1 percent at the end of September. The figure is about half the tariff rate that the administration had officially announced.

Fed staff sees tariffs putting upward pressure on inflation this year

The Federal Reserve's staff forecast sees continued upward pressure on inflation this year, according to minutes of the central bank's meeting last month. Inflation isn't expected to slow until 2027 and return to the Fed's target of 2% in 2028.
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