Tag #Federal Reserve

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Bessent: 20% Vietnam Tariff, EU Trade Talks, and Fed Chair Search

US Treasury Secretary Scott Bessent announced a 20% tariff rate for Vietnam under a new trade agreement, discussed upcoming trade deal negotiations with the EU, and commented on potential Federal Reserve interest rate cuts and the upcoming Fed chair selection process.

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36% Bias Score

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elpais.com
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Strong US Job Growth in June Defies Expectations, Reduces Rate Cut Probability

Despite President Trump's trade policies and pressure on the Federal Reserve, the US economy added 147,000 jobs in June 2023, lowering unemployment to 4.1% and making a July interest rate cut unlikely.

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40% Bias Score

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nbcnews.com
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US Economy Shows Mixed Signals Amidst Slowing Job Growth and Rising Unemployment

Conflicting economic data show slowing job growth (projected 110,000 in June, lowest since February) and rising unemployment (4.3%), amidst stable inflation and wage growth, influenced by President Trump's policies and ongoing tariff and tax bill debates.

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20% Bias Score

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bbc.com
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Trump Demands Powell's Resignation Amidst Interest Rate Dispute

President Trump publicly demanded the immediate resignation of Federal Reserve Chair Jerome Powell, citing a call for his investigation and reiterating his long-standing criticism of Powell's interest rate policies, despite legal limitations on his ability to remove Powell.

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40% Bias Score

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theglobeandmail.com
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Trump Renews Pressure on Federal Reserve for Sharp Interest Rate Cuts

President Trump publicly pressured Federal Reserve Chair Jerome Powell on July 8, 2024, to drastically lower interest rates to between 0.5% and 1.75%, citing significant economic losses, despite current low unemployment and inflation above the Fed's 2% target. This follows his previous calls for rat...

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news.sky.com
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Trump Renews Attack on Fed Chair Powell, Hints at Replacements

President Trump called Federal Reserve Chair Jay Powell "terrible" and "stupid", suggesting four potential replacements amid ongoing pressure for interest rate cuts, while citing concerns about inflation caused by his trade policies.

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40% Bias Score

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abcnews.go.com
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Mortgage Rates Hit Lowest Point Since April, Offering Housing Market Relief

The average rate on a 30-year U.S. mortgage fell to 6.67% on Thursday, the fifth straight weekly decline and lowest since early April, potentially boosting the struggling housing market after a year of high rates and low sales.

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bbc.com
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US Job Growth Exceeds Expectations Despite Private Sector Caution

The US added 147,000 jobs in June, exceeding predictions, with government and healthcare leading gains, despite private sector hesitancy and rising long-term unemployment; the unemployment rate fell to 4.1%.

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44% Bias Score

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theglobeandmail.com
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Trump Administration to Replace Federal Reserve Chair Jerome Powell This Fall

Treasury Secretary Scott Bessent announced the Trump administration's plan to replace Federal Reserve Chairman Jerome Powell this fall, citing disagreements over interest rates and the impact of tariffs, despite the Federal Reserve Act stating that the Fed chair must devote their entire time to the ...

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cbsnews.com
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Mortgage Rate Outlook: Minimal Immediate Relief Expected Despite Declining Inflation

Despite speculation of mortgage rate relief following the Federal Reserve's June meeting, experts predict minimal immediate change due to inflation and a robust job market; however, buyers may find better negotiation opportunities and should consider the potential for home price appreciation.

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48% Bias Score

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theguardian.com
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Trump's Potential Early Fed Chair Announcement Sends Dollar to Three-Year Low

The dollar dropped to a three-year low after reports that President Trump might announce Jerome Powell's replacement as Federal Reserve chair as early as this summer, sparking concerns about political interference in monetary policy.

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48% Bias Score

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cincodias.elpais.com
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Powell Defends Fed's Stance Against Trump's Rate Cut Demands

Federal Reserve Chairman Jerome Powell testified before Congress on Tuesday, resisting President Trump's calls to lower interest rates immediately, citing inflation concerns despite a strong economy; the Fed held rates steady at 4.25%-4.5% last week.

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36% Bias Score

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Showing 1 to 12 of 566 results