Tag Archives: Powell

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 …

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 says he’s not planning to fire Fed’s Powell  Reuters Trump Has Penned Letter To Fire Fed Chair Jerome Powell  The New York Times Playbook PM: Jerome Powell’s Trump whiplash  Politico Trump asks House Republicans if he should fire Fed Chair Jerome Powell  Fox Business Trump suggests Fed renovations could be fireable offense for Powell  CNN Source link

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 …