Tag #Federal Reserve

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Waller Urges July Fed Rate Cut Despite Strong Economic Data

Federal Reserve Governor Christopher Waller urged a 25 basis point interest rate cut at the July 29-30 policy meeting to safeguard the labor market's strength, contrasting with most other central bankers who prefer a more patient approach given recent economic data and the impact of President Trump'...

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White House Scrutinizes $2.5 Billion Fed Renovation, Threatening Powell's Position

The $2.5 billion renovation of the Federal Reserve headquarters, approved in 2017, is under fire from the White House for cost overruns, potentially jeopardizing Chair Jerome Powell's position amid disagreements over interest rate policies.

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Trump Administration Accuses Fed Chair Powell of Mismanaging $2.5 Billion Headquarters Renovation

Federal Reserve Chair Jerome Powell responded to accusations of mismanagement of the central bank's $2.5 billion headquarters renovation from the Trump administration, asserting that the project has been properly overseen and that modifications reduced costs, while the administration claims Powell m...

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Powell Responds to Criticism Over $2.5 Billion Fed Headquarters Renovation

Federal Reserve Chair Jerome Powell addressed accusations of mismanaging the $2.5 billion renovation of the Fed's Washington, D.C., headquarters, stating that the project has undergone careful oversight and cost-saving modifications, despite cost increases from $1.9 billion due to rising material an...

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Inflation Rise Pauses Fed Rate Cuts, Creating Opportunity for Savers

June's inflation rate rose to 2.7%, exceeding expectations and pushing the Federal Reserve to likely pause its rate cut campaign, offering savers an opportunity to benefit from high-rate short-term CDs.

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Wall Street and Australian Markets Rise on Positive Economic Data

US and Australian stock markets surged following positive economic data and strong corporate earnings reports, while the Australian dollar fell and the Federal Reserve maintained a cautious approach to interest rates.

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cnn.com
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Powell Defends $2.5 Billion Fed Renovation Amidst Administration Criticism

Federal Reserve Chair Jerome Powell addressed criticism over the $2.5 billion renovation of the Fed's Washington, D.C., headquarters, emphasizing careful oversight and necessary repairs, while acknowledging cost increases due to factors including rising material costs and labor costs, and changes to...

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Trump's Attempted Powell Firing Shakes Markets, Underscores Need for Fed Independence

President Trump considered firing Federal Reserve Chair Jerome Powell, causing market volatility; however, he later retracted the idea, calming the markets; this highlights the importance of an independent central bank.

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forbes.com
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Weakening Dollar Fuels Global Economic Uncertainty

The declining value of the U.S. dollar, despite a relatively strong U.S. economy, is causing global economic uncertainty and prompting discussions among BRICS nations to explore alternative currencies for international trade; this weakness stems from a lack of market faith in the dollar and is exace...

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Waller Urges Fed Rate Cut Despite Strong Economic Data

Federal Reserve Governor Christopher Waller urged a 25 basis-point interest rate cut on July 29-30 to protect the strong labor market, despite positive economic data and other officials favoring a wait-and-see approach due to Trump's tariffs.

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Trump Considers Firing Federal Reserve Chair Powell

Donald Trump considered firing Federal Reserve Chair Jerome Powell, discussing it with 11 Republicans who reportedly supported the dismissal; however, Trump now says it's unlikely unless Powell leaves for fraud, citing a cost overrun in the Fed's headquarters renovation as a potential reason.

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abcnews.go.com
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Trump Considers Firing Federal Reserve Chair Powell

President Trump considered firing Federal Reserve Chair Jerome Powell after discussing it with Republican lawmakers who largely supported the idea; however, Trump stated he would only fire Powell if he left for reasons of fraud. This follows Trump's continued pressure on Powell to lower interest rat...

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Showing 277 to 288 of 888 results