Scott Bessent Criticizes Jerome Powell for Supporting Fed Official Accused of Mortgage Fraud
Criticism of Federal Reserve Chair Treasury Secretary Scott Bessent expressed concerns at the World Economic Forum (WEF) on Wednesday, suggesting that Federal Reserve Chairman Jerome Powell has recently infused politics into the central bank by backing troubled governors. Bessent’s criticism targeted Powell amid reports that President Donald Trump is set to attend a Supreme Court […]
Who is Lisa Cook? The Fed governor involved in Trump’s legal issues
Lisa Cook’s Historic Journey with the Federal Reserve Lisa Cook’s journey as president of the Federal Reserve Board is nothing short of significant. Appointed by former President Joe Biden in 2022, she made history as the first Black woman to take on this crucial role. The seven-member board plays a key part in setting the […]
Trump may announce his choice for Fed chair next week, according to Treasury Secretary Scott Bessent.
Potential Decision on Next Fed Chair by Trump Soon Treasury Secretary Scott Bessent indicated on Tuesday that President Trump’s choice for the next Federal Reserve chair could arrive as soon as next week. The president has streamlined his options to four nominees to succeed Jerome Powell, the current Fed chairman. The candidates are former Federal […]
JPMorgan verifies Trump’s statement that CEO Dimon was not given the Fed chair position
Dimon Clarifies Fed Chairman Rumors On Saturday, Jamie Dimon, the CEO of JPMorgan Chase & Co., stated that he hadn’t been approached about the Federal Reserve chair position. This came shortly after he refuted claims that President Trump had extended an offer to him for the role. This week, the Wall Street Journal reported Trump […]
Why Not Embrace Some Sunlight? Bessent Explains to Welker How the Fed Can Be Both Independent and Responsible
Federal Reserve Investigation and Independence Treasury Secretary Scott Bessent discussed the Federal Reserve’s independence during an interview with NBC’s Kristen Welker on “Meet the Press.” He remarked that while the Fed can operate independently from the administration, it could still face investigations and other forms of oversight. On January 11, the Department of Justice (DOJ) […]
Rick Rieder, a candidate for Fed chairman, meets with Trump’s team.
Rick Rieder’s Interview for Federal Reserve Chair During a recent interview regarding the Federal Reserve chair position, Rick Rieder, a leading executive at BlackRock, addressed several significant topics. These included the central bank’s profitability and the stability of monetary policy, as indicated by a senior administration official. The conversation took place in the Oval Office, […]
Trump Outmaneuvers the Fed for a Major Victory
Last Friday, the Department of Justice issued a grand jury subpoena to the Federal Reserve. This pertains to Chairman Jerome Powell’s Congressional testimony concerning renovations to Fed buildings. Chairman Powell expressed strong disapproval, emphasizing that the focus should remain on the independence of the Fed and interest rates. Now, whether Powell is accurately highlighting the […]
EUR/USD stays low as it waits for US manufacturing figures and comments from Fed officials
As of Thursday, the EUR/USD pair remained constrained just under 1.1640, trading around 1.1635. This is concerning because it’s nearing a one-month low of 1.1618, despite some encouraging Eurozone industrial production numbers that came out earlier. According to Eurostat, industrial production in the Eurozone rose by 0.7% in November, against expectations for a slowdown to […]
Jeanine Pirro stands up for Fed Chairman Jerome Powell amid criminal probe
U.S. Attorney for the District of Columbia, Jeanine Pirro, has criticized Federal Reserve Chair Jerome Powell, asserting that “no one is above the law” in light of a new investigation into the Federal Reserve. During an appearance on “Hannity,” Pirro conveyed that the investigation is simply part of their responsibilities, remarking, “The Chairman is saying, […]
Wells Fargo reports increased profits after the Fed lifts asset restrictions
Wells Fargo Ends 2025 with Boosted Profits Wells Fargo finished 2025 on a strong note, reporting increased profits driven by higher revenue from loans and fees. This comes as the U.S. economy stays robust, and the bank is poised to surpass asset limits that the Federal Reserve placed in response to the fake account scandal. […]