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Why Trump’s next Fed chair may not deliver the interest-rate cuts investors expect
Trump wants to replace Jerome Powell with a Fed chair who will do what he wants. But that still may not produce the steep cuts Wall Street is counting on.
Federal Reserve says building renovation complies with law, defends costs
Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion
SEE IT: The pricey Federal Reserve renovation project at center of controversy
Fed Reserve Chair Jerome Powell responded to the Trump administration's inquiry about its $2.5 billion headquarters renovation, addressing concerns about cost overruns and project details.
Wall Street Hates the Idea of a ‘Shadow’ Fed Chair. It May Already Have One
The Federal Reserve may already have the so-called shadow chairman that President Donald Trump has said he might soon appoint in a move that could be seen as part of a pressure campaign to lower interest rates and reduce government borrowing costs.
Economist: If the Federal Reserve’s independence is compromised, expect inflation to rise
New economic data shows inflation ticked higher in June to 2.7%, prompting many economists to agree with Federal Reserve Chair Jerome Powell’s decision to keep interest rates steady. President Trump and his economic team launched fresh criticism of Powell over his approach.
Federal Reserve’s Waller says central bank should cut rates at next meeting
A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.
The Global Risks That Come With the Loss of an Independent Fed
It isn’t just the U.S. Other countries have also come to expect an independent U.S. central bank.
'Reduce the credibility dramatically of the central bank.' Trump attacks the Fed chair, sending a chill through the global economy
The escalating campaign by Donald Trump against the Federal Reserve chairman is unnerving the global economy. Ron Insana and Max Chafkin discuss on The 11th Hour.
White House blames Fed chair Powell over costly headquarters renovation
President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates.
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