Tag #Federal Reserve

Showing 313 to 324 of 918 results

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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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cbsnews.com
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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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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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smh.com.au
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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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cbsnews.com
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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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forbes.com
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Bitcoin Soars to Record High Amidst Trump's Fed Chair Threats

Bitcoin hit a record high of $123,000 due to President Trump's support and anticipated Fed rate cuts, but his threats to replace Fed Chair Jerome Powell introduce market uncertainty and heighten concerns about the Fed's independence.

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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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smh.com.au
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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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nbcnews.com
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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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abcnews.go.com
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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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bbc.com
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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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48% Bias Score

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theguardian.com
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Trump Considers Firing Fed Chair Powell, Sparking Market Volatility

President Trump considered firing Federal Reserve Chair Jerome Powell, causing market volatility, but later stated it was unlikely unless fraud was involved; the incident raises concerns about the Fed's independence, particularly given Powell's resistance to Trump's calls for interest rate cuts.

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Showing 313 to 324 of 918 results