The Fed’s decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto loans.

The European Central Bank is leaving interest rates unchanged as it waits to see how big a blow U.S. President Donald Trump’s tariffs will inflict on the economy before deciding whether to cut rates a

We are thinking about no tax on capital gains on houses,” Trump said during an Oval Office meeting with the president of the Philippines.

The president has accused Powell of being political and nicknamed him "too late" when it came time to adjusting interest rates.

WSJ’s Meridith McGraw breaks down the awkward exchange between President Trump and Fed Chair Jerome Powell, following weeks of Trump steadily badgering the Fed leader. Photo: Kent Nishimura/Reuters