Tag Archives: Powell

FILE – In this Nov. 2, 2017, file photo President Donald Trump announces Federal Reserve board member Jerome Powell as his nominee for the next chair of the Federal Reserve in the Rose Garden of the White House in Washington. Trump is keeping up his attacks on Federal Reserve Chairman Powell, calling him a “stubborn moron.” (AP Photo/Alex Brandon, File)AP …

The U.S. labor market looks much weaker than previously thought, and Wall Street now expects the Federal Reserve to resume rate cuts sooner rather than later. The Labor Department reported Friday that payrolls grew by just 73,000 last month, well below forecasts for about 100,000. But downward revisions for prior months shocked investors even more, revealing that the labor market …

WASHINGTON (AP) — President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates. Posting on his Truth Social platform, Trump called Powell “stubborn.” The Fed chair has been subjected to vicious verbal attacks by …

WASHINGTON (AP) — President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates. Posting on his Truth Social platform, Trump called Powell “stubborn.” The Fed chair has been subjected to vicious verbal attacks by …

Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks on Powell  The New York Times Powell didn’t just refuse to deliver a rate cut—he also hinted a raise could have been on the cards  Fortune Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts  CNBC 2 Fed officials break ranks as Trump wages war on Powell  Politico …

In a move that everyone was expecting, U.S. Federal Reserve Chairman Jerome Powell disappointed Donald Trump again yesterday by refusing to cut the base interest rate. Indeed, a hawkish Powell even used the dreaded r-word (“raise”)—having suggested he is responsive enough to calls to “look through” tariff-induced inflation by not increasing interest rates, a notion which likely would have sent …

Trump lashes out at Powell over rate decision with stream of insults  Axios The Fed holds interest rates steady. And, Texas releases bid for new redistricting map  NPR Fed holds interest rates steady, Chair Powell says Fed independence ‘very important’  ABC News Trump blasts Powell after Fed votes to keep interest rates steady  The Hill Trump Renews Powell Feud Over Rate Decision, Fed Renovation  Bloomberg …

For all the power it wields over the global economy, the Federal Reserve projects remarkable cool. Whereas rate-setters at other central banks frequently disagree with each other over the direction of monetary policy, Fed policymakers tend to stick together. That serenity is now being ruptured, just as President Donald Trump ramps up his attacks on the Fed, and his tariffs …

For all the power it wields over the global economy, the Federal Reserve projects remarkable cool. Whereas rate-setters at other central banks frequently disagree with each other over the direction of monetary policy, Fed policymakers tend to stick together. That serenity is now being ruptured, just as President Donald Trump ramps up his attacks on the Fed, and his tariffs …

Global stock index dips, dollar climbs as Fed’s Powell holds off on Sept rate cut verdict  Reuters Fed keeps interest rates unchanged for fifth-straight time  CNN Explaining the Federal Reserve’s unchanged interest rates  KTVU Despite a double dissent, Jerome Powell keeps his hold on markets  The Economist 2 Fed officials break ranks as Trump wages war on Powell  Politico Source link