In brief Legal precedents block Trump from legally firing Powell except for misconduct, not policy disagreements. Trump allies are escalating pressure on Powell, including a criminal referral and threats of early succession. Rate cut speculation may boost crypto in the short term, but long-term instability could pressure risk assets, Decrypt was told. A public clash between President Donald Trump and …
Read More »Rep. Andrew Garbarino elected chair of the House Homeland Security Committee Politico Congressional Republicans face bruising battle to avoid government shutdown Fox News Senate Democrats face crossroads in anti-Trump strategy Axios Womack sees potential for government shutdown Talk Business & Politics Republicans fear Washington headed for shutdown after bruising spending fights The Hill Source link
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Federal Reserve Chairman Jerome Powell testifying during a Senate committee hearing on June 25, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images) LAST WEEK, AFTER MONTHS of threatening to fire Federal Reserve Chair Jerome Powell, President Donald Trump signaled he was backing off. Trump’s rationale—or pretext, if you prefer—for going after Powell is cost overruns and delays in the $2.5 …
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Why Trump’s next Fed chair may not deliver the interest-rate cuts investors expect MarketWatch Trump admin updates: Trump wants Senate to cancel August recess to work on nominees ABC News Firing Powell Would Shatter the Economy’s Inflation Defenses – WSJ The Wall Street Journal How Trump is building a case to fire the Fed chair, explained CNN Trump firing Fed Chair Jerome Powell won’t …
Read More »Exclusive | How Bessent Made the Case to Trump Against Firing Fed Chair Powell The Wall Street Journal Why the Federal Reserve’s Building Renovation Costs $2.5 Billion Bloomberg.com Trump appointees pushed more marble in Fed building renovation White House now attacks AP News Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell CNBC Powell defends $2.5 billion Fed …
Read More »Skydance CEO met with FCC chair ahead of CBS canceling “The Late Show” Axios Inside CBS’ ‘agonizing decision’ to cancel Colbert’s top-rated late-night show CNN Why Is Stephen Colbert’s ‘Late Show’ Getting Canceled? The New York Times Colbert’s ‘Late Show’ was reportedly losing CBS $40M a year as critics speculate politics drove cancellation Fox News Politics, Not Performance, Killed ‘The Late Show With Stephen …
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Donald Trump has renewed his attacks on Jerome Powell, calling the US central bank chair a “numbskull” and accusing him of “making it difficult for people, especially the young, to buy a house”. The US president accused Powell of preventing the Federal Reserve from lowering interest rates to make housing more affordable. Recent figures have shown US house prices rising …
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U.S. Treasury yields moved higher on Wednesday after President Donald Trump shut down speculation that he’s planning to fire Federal Reserve Chair Jerome Powell imminently. At 4:09 a.m. ET, the 10-year Treasury yield was up 2 basis points to 4.479%. Similarly, the 2-year yield rose 2 basis points to 3.91%. The 30-year note was over 2 basis points higher, yielding 5.03%. One …
Read More »Trump floats firing Fed chair with GOP lawmakers, then backs off The Washington Post Trump Has Draft of Letter to Fire Fed Chair. He Asked Republicans if He Should Send It. The New York Times Stock market today: Dow, S&P 500, Nasdaq end higher after Trump’s Powell talk sparks volatile trading Yahoo Finance Trump suggests Fed renovations could be fireable offense for Powell CNN …
Read More »Trump Has Penned Letter To Fire Fed Chair Jerome Powell The New York TimesView Full Coverage on Google News Source link
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