Trump Shreds Fed Chair Jerome Powell
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LONDON, July 17 (Reuters) - Wednesday's market drama on reports of an imminent ouster of Federal Reserve Chair Jerome Powell has calmed quickly, with President Donald Trump saying it was " highly unlikely" he would fire the central bank boss even as speculation continue to brew.
President Trump renewed calls for Federal Reserve Chair Jerome Powell to resign and potentially hinted at support for Treasury Secretary Scott Bessent to be Powell's replacement. Yahoo Finance Washington Correspondent Ben Werschkul and Barron senior markets analysis writer Paul R.
Fed Chair Jerome Powell said little to alter the market's view that the Fed will likely trim rates on December 18, said Sal Guatieri, senior economist at BMO Capital Markets. Powell said that the ...
Investors are becoming more measured in their reaction to news about Trump's Washington policy, with Wednesday's whipsawing headlines over Federal Reserve Chair Jerome Powell triggering a reaction that fell short of what could happen if the Fed chair was indeed fired.
President Donald Trump’s attacks on Federal Reserve Chairman Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
“It’s not all that unusual for a president to have strong views on interest rates and want his views reflected in Fed policy, but Powell has been very clear on maintaining the central bank’s ...
The market reacted as it did because he finally admitted it, but one assumes they were smart enough to know it was true before Powell “central-banker-splained” it to them.
Wall Street approved of President Joe Biden’s intention to nominate Jerome Powell for a second term at the helm of the Federal Reserve. But the initial jolt in the stock market didn’t last ...
Fed Chair Jerome Powell is on Capitol Hill on Tuesday and Wednesday to deliver the semiannual testimony, with investors waiting for comments on the central bank's interest-rate outlook. Data ...
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The New Republic on MSNTrump Team Sabotaged Fed Renovation as Trump Started War With PowellTrump is purposely using a construction project that his own appointees are making more expensive as grounds to pick a fight and potentially fire his nemesis, Federal Reserve Chair Jerome Powell. The Fed building,