Tag Archives: Powell

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’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 …

Trump Wants Lower Rates. Firing Powell Could Push Them Higher.  The New York Times 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 Summers Warns of ‘Massive Inflation Psychology’ From Trump Rates  Bloomberg.com Trump Reacts to Inflation News With Fresh Demand  Newsweek Source link

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 …

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 …

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 …

Wall Street sign in New York in the evening by FotorafieLink via iStock The S&P 500 Index ($SPX) (SPY) today is down -0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.30%.  September E-mini S&P futures (ESU25) are down -0.03%, and September E-mini Nasdaq futures (NQU25) are down -0.26%. Stocks are seeing …

Dollar drops in choppy trading as Trump denies plans to fire Fed’s Powell  Reuters Trump Has Draft of Letter to Fire Fed Chair. He Asked Republicans if He Should Send It.  The New York Times Dow adds 200 points, S&P 500 rises in volatile trading as Trump denies he’s firing Powell: Live updates  CNBC How Trump could use a building renovation to oust …

Wall Street ends higher after brief slump on Powell firing confusion  Reuters Trump Has Draft of Letter to Fire Fed Chair. He Asked Republicans if He Should Send It.  The New York Times Trump told GOP lawmakers he would ‘likely’ fire Fed chair Powell ‘soon,’ sources and officials say  ABC News – Breaking News, Latest News and Videos How Trump could use a …