Fed interest rate decision looms as battle over cuts takes surprising turn

Fed Chair Powell's future is in question ahead of the latest FOMC interest rate meeting.

Jun 15, 2025 - 16:04
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Fed interest rate decision looms as battle over cuts takes surprising turn

The post-pandemic inflation that’s been squeezing your grocery and credit-card bills for years takes center stage in Washington in just days.

That’s when the Federal Reserve Board meets to consider interest rates, a gathering that the White House has been – to put it mildly – strongly trying to influence.