Fed, Trump and Jerome Powell
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Trump signs First major federal cryptocurrency bill into law
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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.
Sen. Rand Paul (R-KY) introduced legislation on Thursday calling for auditing the Federal Reserve. The senator’s proposal comes after Federal Reserve Chairman Jerome Powell has faced scrutiny for the $2.
U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald Trump's tariff rhetoric and the buildup in inflationary pressure, potentially keeping the Federal Reserve cautious about a premature rate cut.
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.
US Fed Chair Jerome Powell defends $2.5 billion headquarters renovation against White House ‘mismanagement’ claims, citing safety upgrades amid political pressure over interest rates.
Crude oil futures held steady on Friday as mixed U.S. economic news offset worries the European Union's latest sanctions against Russia for its war in Ukraine could reduce oil supplies.
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A federal judge has ruled that President Donald Trump illegally fired two Democrats on the Federal Trade Commission earlier this year in his efforts to exert control over independent agencies across the government.
An independent Federal Reserve in recent decades has increasingly served as an anchor for global markets, stepping in to steady the ship during the 2008-09 financial crisis, the Covid pandemic and other shocks of recent years.
U.S. retail sales rebounded more than expected in June, suggesting the economy was regaining momentum and giving the Federal Reserve cover to delay cutting interest rates while it gauges the inflation fallout from import tariffs.