Tag Archives: Fed

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 …

Amid the White House’s unrelenting pressure campaign on Federal Reserve Chairman Jerome Powell, President Donald Trump has not only demanded that the central bank to cut rates but to lower them all the way to 1%. The federal funds rate currently sits at 4.25%-4.50%, meaning a reduction of that magnitude would require a drastic move that goes well beyond the …

Trump’s Withering Criticism of Powell Puts Fed Decisions Under Microscope  The New York Times Fed’s rate-cut delay intact as inflation fears override Trump pressure  Reuters How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision  PBS Stocks sell off as investors see Trump’s inflation ‘pipeline’ forcing the Fed to hold off on interest rate cuts  Fortune Trump Reacts to Inflation News …

WASHINGTON (AP) — President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates. But the extensive use of marble in the building is, at least in part, the result of policies backed by Trump …

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 …

Washington CNN  —  A top official at the Federal Reserve on Thursday reiterated his call for an interest rate cut later this month, despite data showing ongoing resilience in the US economy and other central bankers pushing to keep rates steady. Fed Governor Christopher Waller, at a New York event, said the US central bank should lower borrowing costs at …

Fed Independence Is a ‘Myth,’ JPMorgan’s Benhamou Says  Bloomberg Trump’s Attacks on Powell and the Fed Ripple Through Global Economy  The New York Times Why Some Trump Allies Want to Protect the Fed’s Independence  Politico What History Tells Us About the Perils of Firing Jerome Powell – WSJ  The Wall Street Journal A well-run economy needs an independent Federal Reserve, says former reserve bank …

Fed’s Powell responds to White House on Fed headquarters renovation  Reuters Powell defends $2.5 billion Fed renovation in a point-by-point response to the Trump administration  CNN Fed Chair Powell responds to White House questions about HQ renovation  CNBC President Trump, Jerome Powell, and Why Their Relationship Matters  The New York Times Behind Trump’s move to back off Powell: Lawyers warned against it.  Politico Source link

CNN  —  Federal Reserve Chair Jerome Powell responded by letter Thursday to a senior Trump administration official who accused the head of the central bank of mismanaging an “ostentatious overhaul” of its Washington, DC, headquarters. Russell Vought, director of the Office of Management and Budget, suggested in a social media post last week that Powell had broken the law by …

Trump’s Attack on the Fed Ripples Through the Global Economy  The New York Times Trump floats firing the Federal Reserve chair as White House criticism boils  NPR Why Some Trump Allies Want to Protect the Fed’s Independence  Politico Trump’s Powell attacks show why Fed was designed to be independent  Axios Opinion | Trump’s attacks on the Fed are worse than you think  The Washington Post …