Tag #Interest Rates

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Trump's Renewed Powell Threats Spark Muted Market Reaction

President Trump's renewed attempts to remove Federal Reserve Chairman Jerome Powell have sparked minimal market reaction, unlike April's sharp downturn, despite reported efforts to garner Republican support for his dismissal and claims of a $600 million cost overrun in the Fed's HQ renovation. Trump...

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Trump Blames Powell for Soaring US Interest Payments as Debt Exceeds $1 Trillion

President Trump criticizes Federal Reserve Chair Jerome Powell for high interest rates costing the US hundreds of billions of dollars, as the nation's interest payments on its growing federal debt are projected to exceed $1 trillion annually, exceeding Medicare and defense spending, and comprising 1...

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theglobeandmail.com
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Trump's Mutually Exclusive Economic Goals Create Self-Defeating Cycle

President Trump seeks lower interest rates, reshored manufacturing, and a reduced US working-age population, policies creating a self-defeating cycle due to increased inflation from tariffs, and labor shortages from immigration restrictions, hindering manufacturing and necessitating higher rates.

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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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cnn.com
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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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abcnews.go.com
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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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us.cnn.com
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Trump Blames Powell for Soaring US Interest Payments

President Trump blames Federal Reserve Chair Jerome Powell for high US interest payments nearing $1 trillion annually, a consequence of the nation's growing debt and rising interest rates; experts say that while lowering interest rates may help, addressing the deficit is crucial.

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edition.cnn.com
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Trump Blames Powell for Soaring US Interest Payments

President Trump criticizes Federal Reserve Chair Jerome Powell for high US interest payments, nearing $1 trillion this fiscal year, advocating for drastic rate cuts despite experts suggesting deficit reduction as a more effective solution; Moody's recently downgraded US debt.

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abcnews.go.com
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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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dw.com
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US Banks Profit from Trade War Volatility, but Economic Uncertainty Looms

Amidst market volatility fueled by President Trump's tariffs, major US banks report strong profits, while a weakening US economy and rising inflation pose risks; simultaneously, European banks are anticipating long-term gains from increased investments in Europe.

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theglobeandmail.com
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U.S. Futures Rise on Positive Economic Data

Positive U.S. economic data and the passage of a cryptocurrency regulation bill boosted U.S. and Canadian stock futures on Friday, despite Netflix's slightly disappointing stock performance following strong earnings.

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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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Showing 349 to 360 of 1,724 results