Tag Archives: Fed

New York CNN  —  The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege. President Donald Trump’s relentless attacks on Federal Reserve Chair Jerome Powell are so intense that one prominent economist is raising eyebrows by arguing that Powell should quit to protect the central bank’s independence. “The attacks on Chair Powell are …

President of Queens’ College of Cambridge University Mohamed El-Erian speaks during a panel discussion at the headquarters of the International Monetary Fund during the Annual Meetings of the IMF and World Bank in Washington, D.C., on Oct. 13, 2022. James Lawler Duggan | Reuters Mohamed El-Erian on Tuesday called for Federal Reserve Chair Jerome Powell to voluntarily relinquish his position …

Summers Says Bessent Right to Question Fed on ‘Overreach’  Bloomberg.com Treasury Secretary Bessent calls for a review of ‘the entire’ Federal Reserve  CNBC Fed reform may move markets more than Powell ouster  Reuters Bessent: The Trump administration should look into the Fed’s ‘many mistakes’  CNN Bessent backs Fed independence on rates amid Trump criticism  The Hill Source link

Bessent Sees No Reason for Powell to Step Down From the Fed Now  Bloomberg.com Exclusive | How Bessent Made the Case to Trump Against Firing Fed Chair Powell – WSJ  The Wall Street Journal Bessent disses ‘leakers’ after Wall Street Journal report on Powell advice  The Hill The Trump-Powell feud keeps heating up. Meet the betting markets’ top picks to replace the Fed …

U.S. Treasury yields crept higher on Tuesday as investors awaited Federal Reserve Chairman Jerome Powell’s speech. The 10-year Treasury yield was more than 2 basis points higher at 4.396%. The 2-year yield rose more than 1 basis point to 3.871%. The 30-year yield was more than 2 basis points higher at 4.966%. One basis point is equal to 0.01%, and yields and prices move in opposite …

Fed chair Jerome Powell to deliver speech tomorrow; ‘resignation coming’ says Federal Housing Director – Hindustan Times  Hindustan Times Why Trump’s attacks on Jerome Powell are raising fears for the US economy  Al Jazeera Trump Has Draft of Letter to Fire Fed Chair. He Asked Republicans if He Should Send It.  The New York Times Firing Powell Would Shatter the Economy’s Inflation Defenses …

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 …

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 …

Investors Shrug Off Trump’s Attacks on the Fed and Trade Allies  The New York TimesView Full Coverage on Google News Source link

US Treasury’s Bessent calls for review of Fed non-monetary policy operations  Reuters Treasury Secretary Bessent calls for a review of ‘the entire’ Federal Reserve  CNBC Trump admin live updates: Bessent calls for a review of ‘entire Federal Reserve institution’  ABC News Bessent calls on Fed to do comprehensive review of its mission  Politico Bessent Says Review of Fed’s Building Renovations Is Needed  Bloomberg.com Source link