Trump Pressures Fed to Boost Growth
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U.S. President Donald Trump's administration wants to visit the Federal Reserve this week to review its $2.5 billion renovation, Semafor reported on Monday, citing White House Deputy Chief of Staff James Blair.
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Lombard Odier’s Homin Lee argues China’s grip on rare earth supply chains could cap trade tensions and ultimately bolster its economy.
HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.
The Bernanke digression is useful as a way of vivifying Bagehot’s words. Bernanke wasn’t going to let political affiliation get in the way of the ultimate prize for economists, Chairman of the Federal Reserve.
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Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to boost a job market that looks to be weakening.
One Fed paper found LLMs have a surprisingly good understanding of the economic topics discussed in the Fed’s minutes, while another looked at using machine learning to forecast financial crises, Cook said.
It isn’t just the U.S. Other countries have also come to expect an independent U.S. central bank.
Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S. central bank if asked by President Donald Trump, but so far Trump has not contacted him about it.