Tag Archives: Fed

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 …

Stocks steady ahead of tech earnings as Fed drama confounds  Reuters Morning Bid: Markets stoic over Powell’s shifting fate  Reuters Asian shares are mostly higher after Trump says he discussed firing Fed Chair Powell  The Hill Stock market today: Dow, S&P 500, Nasdaq futures rise with Trump-Powell drama with retail sales, Netflix on deck  Yahoo ASML, J&J, Morgan Stanley, Ford, Palantir, Brighthouse, and More …

Exclusive: Longtime critic Sen. Warren defends Fed in White House attacks  Axios Warren warns Trump’s policies could lead to another economic crash  CNN Warren Delivers Remarks at Exchequer Club on State of Economy  Senate Committee on Banking, Housing, and Urban Affairs (.gov) Source link

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 …

President Trump was unfazed by the rise in inflation to 2.7%, reported yesterday, and, as usual, he used social media to insist that the U.S. Federal Reserve lower interest rates. “Consumer Prices LOW. Bring down the Fed Rate, NOW!!!” he said. He then added: “Fed should cut Rates by 3 Points. Very Low Inflation. One Trillion Dollars a year would …

Trump’s Powell attacks show why Fed was designed to be independent  Axios Opinion | If You Like 35 Percent Inflation, Go Ahead, Fire the Fed Chair  The New York Times A Politically Captive Fed Would Be a Weak Fed  Bloomberg Opinion | Trump May End Up Sorry He Tried to Control the Fed  The Wall Street Journal Opinion | Trump’s attacks on the Fed …

Trump Has Penned Letter To Fire Fed Chair Jerome Powell  The New York TimesView Full Coverage on Google News Source link

How the Fed sets rates — and why Powell can’t do what Trump wants alone  Axios How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision  PBS Why Trump’s push for a 1% Fed policy rate could spell trouble for US economy  Reuters Inflation Crushes Hopes That Federal Reserve Will Cut Interest Rates in July  Investopedia Trump Reacts to Inflation News …

Jamie Dimon is sending President Donald Trump a message: Cool it on haranguing with Jerome Powell to cut rates. On Tuesday, the JPMorgan CEO touched on the feud between Trump and the Fed chair. Dimon said it’s important for the central bank to maintain its independence, referring to Trump’s threats to fire Powell or announce a new Fed chair months in …

WASHINGTON (AP) — President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project. The push comes after a monthslong campaign by Trump to try to rid himself of the politically independent central banker, who has resisted the …