Tag Archives: Fed

Crypto investors are holding their breaths before Jerome Powell, chair of the Federal Reserve, speaks Friday in Jackson Hole, Wyoming. Bitcoin has dipped about 1% over the past 24 hours and almost 5% over the past week to around $112,000, according to data from Binance. Ethereum, the world’s second largest cryptocurrency, is also down 2% over the past day to …

Trump’s Attacks on Fed Overshadow a Critical Moment for the Central Bank  The New York TimesView Full Coverage on Google News Source link

The Department of Justice has reportedly opened an investigation into Federal Reserve Governor Lisa Cook over alleged mortgage fraud, just one day after President Trump urged the Biden appointee to resign. It is the latest move by the Trump administration to step up pressure on the Federal Reserve, which has faced criticism from officials for being slow to cut rates …

Gold () futures opened at $3,392.20 per ounce on Thursday, up 1.5% from Wednesday’s close of $3,343.40. Thursday’s opening price is gold’s highest start since August 8. On Wednesday, President Donald Trump called for the resignation of Federal Reserve Governor Lisa Cook, citing an accusation of mortgage fraud against her. Cook was appointed by former President Joe Biden. Should Cook …

Key Takeaways Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole economic conference could shed light on whether the central bank will cut interest rates in September. Powell may signal that the Fed will pivot to cutting interest rates on concerns that a recent slowdown in the job market could turn into a worrisome rise in unemployment. On the …

Stock futures were under pressure Thursday morning as Donald Trump’s war of words with the Federal Reserve escalated. The former president is calling for big rate cuts and even demanded Fed Governor Lisa Cook resign over alleged mortgage fraud. Cook rejected that call, but the feud is raising doubts about the central bank’s independence ahead of Jerome Powell’s speech in …

Futures for the main stock indexes were falling after the so-called Magnificent Seven stocks slid for a second day on Wednesday. The group of highly valued technology stocks–Amazon, Apple, Google-parent Alphabet, Microsoft, Facebook owner Meta Platforms, chip maker Nvidia, and electric vehicle maker Tesla–have been the driver of a broad pullback in the tech sector. That’s been the story of …

Trump Turns Up the Heat. Fed Chair Jerome Powell Tries to Keep His Cool.  The Wall Street Journal Trump may want lower interest rates for consumers, but it sure is convenient for the national debt he’s creating, too  Fortune Investors warn of ‘new era of fiscal dominance’ in global markets  Financial Times Trump again attacks Fed chair, says Powell ‘hurting’ the housing industry  Reuters …

Fed Governor Lisa Cook will not step down despite Trump call  The Hill Trump Presses Fed’s Cook to Quit After Mortgage Fraud Allegation  Bloomberg.com Trump Considers Firing Fed Official After Accusation of Mortgage Fraud  The Wall Street Journal Trump administration’s newest allegation against political foes: Mortgage fraud  NBC News Trump Stepped Up His Attacks on the Fed  The New York Times Source link

Trump Demands Fed Governor Cook’s Resignation: Live Updates  The New York Times Trump Presses Fed’s Cook to Quit After Mortgage Fraud Allegation  Bloomberg Trump is pressuring yet another top Fed official to resign, but she says she won’t be ‘bullied’  CNN Trump administration’s newest allegation against political foes: Mortgage fraud  NBC News Trump team makes mortgage fraud its newest revenge tool  Axios Source link