Fed, Trump and Jerome Powell
Digest more
J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut central bank independence and increase inflation risks.
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of two of its buildings is in compliance with plans approved by a local commission, disputing a White House suggestion that they may have violated the law by deviating from those plans.
3h
Irish Star on MSNCNN anchor gets to the bottom of guest's opinion on Trump's Federal Reserve planElizabeth Warren spoke out against Donald Trump's pursuit of the Federal Reserve chairman, expressing worry over the outcome it could have on the global economy
Governor Christopher Waller's comments come as tensions between Fed Chair Jerome Powell and President Donald Trump have reached a boiling point in recent days.
A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.
An obscure report about the ballooning costs of the Federal Reserve's headquarters renovation has become the centerpiece of President Trump’s campaign to pressure Chair Jerome Powell and possibly attempt to remove him from office,
The standoff between the men has led Trump to echo an idea first floated by Treasury Secretary Scott Bessent: the naming of a new Fed chair before the end of Powell’s term in May of next year. Trump said in late June that he could name a successor “very soon.”
The escalating campaign by Donald Trump against the Federal Reserve chairman is unnerving the global economy. Ron Insana and Max Chafkin discuss on The 11th Hour.