Bessent identifies four candidates for Powell’s position at the Fed.
President Donald Trump has expressed intentions to possibly sue Federal Reserve Chairman Jerome Powell over the costly renovations taking place at the central bank. This announcement comes just before the New Year’s holiday, with Trump stating he would decide by January on the Fed’s leadership. Jerome Powell’s term runs until May 2026, and he has […]
Most Fed officials expect additional rate cuts if inflation decreases, minutes show
Minutes from the Federal Reserve’s meetings on December 9th and 10th indicate that many officials believe additional rate cuts could be necessary if inflation continues to decline. Earlier in December, policymakers voted 9-3 to reduce interest rates to a target range of 3.5% to 3.75%. This division reflects the most dissent since 2019, as debates […]
Trump criticizes Powell as ‘fool’ and claims the Fed chair is seriously incompetent
Trump Criticizes Fed Chairman Powell Over Renovation Costs On Monday, former President Donald Trump publicly criticized Federal Reserve Chairman Jerome Powell, accusing him of “gross incompetence” and hinting at a possible lawsuit regarding expensive renovations at the Fed’s headquarters. This was stated during a press conference at Mar-a-Lago alongside Israeli Prime Minister Benjamin Netanyahu. Trump […]
Trump plans to sue Fed Chair Jerome Powell for serious mismanagement regarding expensive building renovations.
Trump Considers Lawsuit Against Fed Chair Powell President Trump has expressed intentions to potentially sue Federal Reserve Chairman Jerome Powell, labeling his actions as “gross incompetence.” He criticized Powell for not reducing interest rates rapidly enough. Trump alleged that the renovation of the Federal Reserve’s headquarters, situated near the National Mall in Washington, D.C., has […]
Dollar remains stable before Fed minutes in slow finish to disappointing 2025
Dollar Dynamics Ahead of Fed Minutes Release SINGAPORE, Dec 30 – The U.S. dollar held steady on Tuesday while traders anticipated insights from the Federal Reserve’s December meeting, especially regarding differing views on next year’s policy direction. Overall, the currency markets displayed a sense of calm. Traders were reflecting on a challenging year for the […]
GBP/USD rises slightly above 1.3500, looks at Fed rate cut expectations
GBP/USD experienced an uptick after a down opening, trading around 1.3510 during Monday’s Asian hours. The rise seems to stem from challenges facing the US dollar, possibly linked to rising expectations that the Federal Reserve might lower interest rates twice more in 2026. Market participants will likely focus on the Federal Open Market Committee (FOMC) […]
Ken Griffin from Citadel advises Trump to ‘separate’ the White House from the Fed with his choice for chairman.
On Tuesday, Ken Griffin, CEO of Citadel, encouraged President Trump to create “distance” between the presidency and the Federal Reserve regarding the selection of the next chairman. His advice comes amid worries that Trump’s choice to replace Jerome Powell as Fed chairman may be closely aligned with the White House. The candidates currently in the […]
Miran from the Fed Claims Inflation is Exaggerated and Downplays Tariff Issues to Support Quicker Rate Reductions
Federal Reserve President Advocates for Interest Rate Cuts On Monday, Federal Reserve President Stephen Milan expressed his belief that inflation is closer to the central bank’s 2% target than current data suggests. He emphasized the need for quicker interest rate cuts while stepping back from previous assertions that tariffs are the main factor behind rising […]
Stocks Rise in Hopes of Positive US Economic News from the Fed
S&P 500 and Other Indexes Show Gains The S&P 500 Index saw a rise of +0.39% today, while the Dow Jones Industrial Average increased by +0.27%. The Nasdaq 100 Index outperformed both, climbing +0.50%. Additionally, December E-mini S&P futures rose +0.40%, with December E-mini Nasdaq futures increasing +0.47%. Today’s uptick in stock indexes is partly […]
Kevin Hassett states Trump would have ‘no influence’ on the Fed if he’s the next chair.
Hassett’s Views on Fed Independence In a recent interview, Kevin Hassett, the director of the White House National Economic Council, emphasized that if he were to succeed Jerome Powell as the Federal Reserve Chairman, President Trump’s opinions would have “no influence” on the Fed’s decisions. During the CBS program “Face the Nation,” Hassett was questioned […]