US Fed's caution on rate cuts could cause friction with Trump [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect. Fed chair Jerome Powell acknowledged on Wednesday that Trump's economic platform, which includes the threat of major tariff hikes, the extension of tax cuts, and mass deportation, had been a consideration when members of the rate-setting committee met to consider the number of interest rate cuts they expect next year. "Some did identify policy uncertainty as one of the reasons for their writing down more uncertainty around inflation," Powell said after the Fed announced it was cutting rates by a quarter point and signaled just two cuts in 2025. "We don't know what'll be tariffed from what countries, for how long, and what size," he said. "We don't know whether there will be retaliatory tariffs, we don't know what the transmission of any of that will be into con
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BAC
Earnings
- 10/15/24 - Beat
BAC
Sec Filings
- 12/20/24 - Form 424B2
- 12/20/24 - Form 424B2
- 12/20/24 - Form 424B2
- BAC's page on the SEC website