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US President Donald Trump pointing to a cost sheet as he tours the Federal Reserve building under renovation with Fed chair Jerome Powell in July 2025.
PHOTO: HAIYUN JIANG/NYTIMES
Katie Martin
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Unscheduled weekend statements from the US Federal Reserve are, to put it mildly, not generally a good sign.
In the past couple of decades, they have been rare, and have come only in response to dire emergencies: the collapses of Bear Stearns and then of Lehman Brothers in 2008, the Covid-19 pandemic of 2020 and the failure of several US regional banks in 2023.
