Fed Chair Jerome Powell Just Defied President Donald Trump -- and He's Poised to Do So Again in His Final Meeting as Chair

The interest-rate-setting Federal Open Market Committee (FOMC) once again left rates unchanged at its recent meeting, inside the range of 3.50% to 3.75%. The move was widely expected by the broader market, but once again defied President Donald Trump's request for the Fed to cut rates. Trump's frustration is nothing new. The 47th president has been calling on Fed Chair Jerome Powell and the FOMC to lower rates for most of his second term. With Powell's term as chair of the Federal Reserve board set to end ...