Vice President Mike Pence backs Trump’s call to lower interest rates, citing low consumer inflation

Trump and economic advisor Larry Kudlow have also called for lower rates, though the Fed generally makes decisions independently of political demands. Politics BEST DEAL UPDATE: Save 50% Today! Get 24/7 Access to Your Credit Scores & Reports with TransUnion

Fed’s Kashkari says rates should not go up when job creation is strong and inflation is tame

Hiking rates too forcefully before necessary could risk causing a recession in the U.S. economy, says Minneapolis Fed President Neel Kashkari. Economy ECONOMY NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to 80% … Read more…

The Federal Reserve’s favorite inflation indicator says it is under control

Headlines detail the latest Consumer Price Index changes, but the central bank monitors something a lot more esoteric-sounding, the Personal Consumption Expenditure deflator, or PCE price index. Economy ECONOMY NEWS UPDATE: Click today to request your free ACRX discount prescription … Read more…