Fed, Powell and Donald Trump
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J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut central bank independence and increase inflation risks.
The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has already raised doubts about their credibility.
Interest rates result from a combination of economic factors, including the Federal Reserve's monetary policy. The Fed -- the country's central bank -- began gradually lowering its benchmark ...
Using Fed funds futures as a guide suggests that the central bank will leave its target rate unchanged at a 4.25%-to-4.50% range at Wednesday’s policy announcement. The Treasury market has ...
Lawrence Summers backed Treasury Secretary Scott Bessent’s questioning of the Federal Reserve’s non-monetary policy activities, saying that there were some areas that are distinct from the broader issue of central bank independence.
Former President Donald Trump got Wall Street's attention this campaign cycle by asserting that he should have more influence over interest rates, which are set by the Federal Reserve. Rehashing a ...
The Trump administration ramped up its criticism of the central bank, with Treasury Secretary Scott Bessent calling for a review of the "entire Federal Reserve institution." "I think that what we need to do is examine the entire Federal Reserve institution and whether they have been successful,