Rate-Cut Chances Seem More Precarious As Fed Officials Rally Behind Powell

Key Takeaways If the Trump Administration's investigation into Federal Reserve Chair Jerome Powell was intended to intimidate the central bank into sharply cutting interest rates, it's not going as planned. At least four Fed officials who set interest rates spoke out this week in defense of Powell and the Fed's duty to make monetary policy decisions in the public interest rather than at the White House's command. Traders subsequently priced in lower chances of rate cuts early in the year. "Any place where y ...