Key Takeaways Officials at the Federal Reserve discussed the possibility of cutting the central bank's key interest rate as soon as June if the economy takes a turn for the worse.The Fed is currently in a holding pattern,

President Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, it wouldn’t necessarily lead to lower borrowing costs for consumers

President Trump says he doesn’t plan to fire Fed Chair Powell, but the calls for rate cuts continue. But the Fed is expected to leave rates unchanged at next month’s policy meeting.