Tag Archives: Feds

By Trevor Hunnicutt and Andrea Shalal WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell is a “numbskull” who has kept interest rates too high, but he will be out in eight months, President Donald Trump said at a news conference on Tuesday. “I think he’s done a bad job, but he’s going to be out pretty soon anyway. In eight …

Treasuries Slip With Fed’s Powell Set to Speak on Regulation  Bloomberg.com Stock Market Today: S&P 500, Nasdaq Slip; GM, RTX Earnings in Spotlight — Live Updates  The Wall Street Journal Bessent says Powell doesn’t need to resign but should conduct internal review  CNBC Trump admin live updates: Bessent says there’s no reason for Fed chair to resign  ABC News Bessent disses ‘leakers’ after Wall …

President Donald Trump, after filing a $20 billion lawsuit against the Wall Street Journal over a story alleging Trump gave Jeffrey Epstein a lewd birthday note more than two decades ago, disputed the newspaper’s coverage on a separate topic. On Saturday, the Journal published an article with the headline “How Bessent Made the Case to Trump Against Firing Fed Chair …

WASHINGTON (AP) — President Donald Trump has opened up a new front in his attack on the Federal Reserve and its chair, Jerome Powell: He says the alledged mismanagement of a building renovation project could be grounds for firing Powell. Such an unprecedented step could send the financial markets into a tailspin and over time push up interest rates and …

Fed’s Waller says labor market is weaker than it looks, justifying interest-rate cut this month  MarketWatch A top Fed official, considered a candidate to replace Powell, keeps calling for a rate cut this month  CNN Treasury Yields Slide After Waller’s July Cut Call: Markets Wrap  Bloomberg.com One of Trump’s top picks for Fed chair doubles down on rate cut demands  Fox Business Federal Reserve’s …

Key Takeaways Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to boost a job market that looks to be weakening. Waller said tariffs are “one-off increases” that don’t cause persistent inflation and noted that the central bank shouldn’t “wait until the labor market deteriorates before we cut the policy rate.” His comments come as Fed …

Bond Giant Pimco Dismisses Trump’s Threats to Fed’s Powell  The Wall Street Journal Powell responds to Trump administration in spat over Fed’s renovation  CNN Why the White House is attacking Jerome Powell over the ‘Taj Mahal on the National Mall’  ABC News – Breaking News, Latest News and Videos Equities and dollar rise with encouragement from economic data and earnings  Reuters How stocks could …

Two federal officials toured the infamous Alcatraz penitentiary in the San Francisco Bay early Thursday morning as part of the Trump administration’s effort to reopen the infamous island prison, a move that critics say would be more expensive than building a new prison. U.S. Atty. Gen. Pam Bondi and Interior Secretary Doug Burgum visited Alcatraz before the rush of tourists …

BATON ROUGE, La. — Three current or former Louisiana police chiefs were arrested following a federal investigation into an alleged scheme that involved false police reports being sold to immigrants lacking permanent legal status and used to try to secure a visa, authorities said Tuesday. The forged police reports would indicate that the immigrant was a victim of a crime, …

BATON ROUGE, La. (AP) — Federal authorities said Wednesday that they charged three current or former Louisiana police chiefs with taking hundreds of bribes in exchange for filing false police reports that would allow noncitizens to seek a visa that allows certain crime victims to stay in the U.S. The false police reports would indicate that the immigrant was a …