Tag Archives: Jerome

In a surprising turn, top economist Mohamed El-Erian has broken with convention among financial leaders by publicly calling for Federal Reserve Chair Jerome Powell to resign. El-Erian’s comments, issued via social media and elaborated in press interviews, are remarkable not only for their candor, but for their counterintuitive reasoning: El-Erian believes Powell should step aside to protect the institution’s independence in the face …

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 …

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. On Wednesday, Donald Trump once again indicated that he was on the verge of firing Jerome Powell, chairman of the Federal Reserve, over Powell’s refusal to cut interest rates in the midst of stubborn inflation. The markets promptly nosedived, …

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

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 president’s calls to slash interest rates out of concerns …

In brief Bitcoin dropped 4.5% from its all-time high to $117,250 as traders locked in profits and exchange inflows surged. Sticky inflation and Fed uncertainty added pressure, with June CPI rising to 2.7%, dimming hopes of rate cuts. Powell’s potential replacement is becoming a political flashpoint, with Treasury Secretary Bessent confirming a formal succession process is underway. Bitcoin’s dip on …

Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome Powell has already started — as the Trump administration ratchets up pressure for the top central banker to step aside before his term ends. “There are a lot of great candidates and we’ll see how rapidly it progresses. It’s President Trump’s …

Trump suggests Jerome Powell’s handling of Fed renovations could be fireable offense  The Hill Trump suggests Fed renovations could be fireable offense for Powell  CNN Jerome Powell has more housing problems now, including the Fed’s  Yahoo Finance Federal Reserve quietly responds to Trump administration attacks over renovation  CNBC If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according …

Jamie Dimon Backs Jerome Powell Over Trump in Fed Fight  The New York TimesView Full Coverage on Google News Source link