Tag #Federal Reserve

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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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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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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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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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Warsh Urges "Regime Change" at Federal Reserve, Advocating for Debt Management Accord

Kevin Warsh, a potential Fed chair candidate, urges significant policy changes, including a new Fed-Treasury accord to manage the \$36 trillion national debt and lower borrowing costs by cutting interest rates, aligning with President Trump's views.

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Inflation Climbs, Raising Concerns About Credit Card Interest Rates

June's inflation rose to 2.7% annually, exceeding expectations and driven by food price increases, potentially leading to further credit card interest rate hikes.

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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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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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Republican Senators Push Back Against Trump's Threat to Fire Fed Chair

Republican senators are warning President Trump against firing Federal Reserve Chair Jerome Powell, citing potential economic damage and the undermining of the central bank's independence, despite some Republicans supporting Powell's removal.

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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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Trump Considers Dismissing Fed Chair Powell, Then Recedes

President Trump considered firing Federal Reserve Chair Jerome Powell due to policy disagreements, causing market fluctuations, but stated it's "highly unlikely" unless Powell leaves for fraud; this raises concerns about political interference in the Fed's independence.

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Showing 301 to 312 of 908 results