Jerome Powell

The court filing contradicts Fed Chair Jerome Powell's statement to Congress in February that the central bank has had "no contact" with DOGE.

Notably, Trump described the January decision to hold rates steady – which looks set to be the Fed's stance for some time — as "the right thing to do."

The nation's central bank held interest rates steady in its first decision of the year.

The Federal Reserve's monetary policy group is expected to hold rates steady, but the chairman will face a litany of questions about the year ahead and on the inflationary impact of implications of the Trump administration's early policy moves.

The Federal Open Market Committee cut the fed funds target again in December but signaled fewer cuts in 2025. There was some dissent. The markets are watching to see if the Federal Reserve pauses its easing cycle in January. Join us at noon, Eastern, on Jan. 30 as Brian Rehling, head of global fixed-income strategy at Wells Fargo Investment Institute, recaps and parses the previous day's FOMC meeting and Fed Chair Jerome Powell's press conference.

The Federal Reserve is poised to make several key decisions during the year ahead that will impact monetary policy both in the near term and for years to come.

A week ahead of inauguration day, Scott Colbert, executive vice president, director of fixed income and chief economist at Commerce Trust, takes a look at how the Federal Reserve and the economy will fare in President-elect Donald Trump's second run in the White House. Social Media Pitch: X: As we prepare for Trump 2.0, Join us live at 11 a.m. on Jan. 16 to hear Scott Colbert, executive vice president at Commerce Trust, as we discuss the economy and the Fed in a second Trump presidency. FB/LI: As we prepare for Trump 2.0, Join us live at 11 a.m. on Jan. 16 to hear Scott Colbert, executive vice president at Commerce Trust, discuss the economy and the Fed in a second Trump presidency. The relationship between Trump and Fed Chair Jerome Powell has been contentious, but Trump has backed away from suggestions he'd fire the chair.

Bonds and stocks are rallying ahead of a critical Fed meeting. But this time, the central question for Chair Jerome Powell is which approach — reducing rates by 25 basis points or 50 basis points.

After holding at its last meeting, the Federal Open Market Committee may decide to raise rates again in July.

Many believe the Federal Reserve will slow down rate increases beginning in December.. Steve Friedman, senior macroeconomist at MacKay Shields, will join us the day after the meeting to discuss what was done and what he expects in the future.