Trump Shreds Fed Chair Jerome Powell
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Right now, inflation is still hovering just above the Federal Reserve’s target and data is mixed. That’s why Fed Chair Jerome Powell is keeping rates steady, despite public calls for action
The U.S. banking system is healthy, providing a strong foundation for the overall economy amid current uncertainties. Read what investors need to know.
The latest Federal Reserve study of economic conditions reveals that businesses that did not raise prices or pass on the impact of tariffs to their customers are likely to take a hit on their profit margins.
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.
While that would set a tone at the board of governors, whose seven members are permanent members of the Federal Open Market Committee, it won't necessarily translate entirely into monetary policy ( more toward bank reserve rates ).
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Former president of the Federal Reserve Bank of Cleveland Loretta Mester says it's important that the Fed stays independent and that fiscal politics should not interfere with monetary policy makers and their decisions.
A federal judge on Thursday ruled that the firing of a Democratic commissioner at the Federal Trade Commission (FTC) by President Trump was illegal. U.S. District Judge Loren AliKhan, a Biden administration appointee,
Trump administration official Bill Pulte released a statement suggesting that Fed Chair Jerome Powell is considering resigning amid mounting pressure on his leadership.
Michelle Bowman of the Fed emphasized financial inclusion and the need for innovation to serve unbanked populations at a conference.