In their latest quarterly economic projections, released June 18, eight of the 19 FOMC officials said they expect two rate cuts by year-end, with seven forecasting no cuts at all. Three months earlier, nine expected two cuts in 2025 and four expected no cuts.

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell says, a stance directly at odds with President Do

Federal Reserve Vice Chair for Supervision Michelle Bowman, recently tapped by President Trump as the U.S. central bank’s top bank overseer, said Monday the time to cut interest rates is getting nearer as risks to the job market may be on the rise.