EUR/USD falls sharply as high US PPI dampens expectations for large Fed rate cuts
Market Overview: EUR/USD Drops Post US Inflation Data After a notable rise in US producer price indices (PPIs) for July, EUR/USD decreased by 0.57%, landing at 1.1638. Inflation is impacted by tariff adjustments, while unemployment claims show a slight decline, pointing to a sturdy labor market. The market is beginning to discount a Federal Reserve […]
Trump administration considers 11 potential candidates for the Fed Chair role, officials report
Potential Successors for Federal Reserve Chair Under Review The Trump administration is currently considering eleven candidates to succeed Jerome Powell as Chair of the Federal Reserve, whose term ends in May. Among these new names are David Zelvos, chief market strategist at Jeffries, former Fed Governor Larry Lindsay, and Rick Rieder, Chief Investment Officer of […]
Schmid from the Kansas City Fed supports maintaining stable interest rates
Discussion on Federal Reserve Policies On a recent panel of The Big Money Show, discussions revolved around President Donald Trump’s proposals to modify the Federal Reserve, led by Jerome Powell. Members of the Federal Reserve, responsible for shaping monetary policy, expressed support for keeping interest rates steady to curb any potential inflation brought on by […]
Bessent calls on the Fed to reduce interest rates in September.
Treasury Secretary Scott Bescent called on central bankers on Wednesday to implement a half-point rate cut at their upcoming meeting next month. He suggested that the central bank’s target rate should be lowered by at least 1.5 percentage points from its current level. “I think we should start a series of rate cuts, beginning with […]
GBP/USD stabilizes near 1.3500 as chances of Fed rate cuts increase
GBP/USD may gain more support as recent US inflation figures bolster expectations for a Federal Reserve rate cut in September. The US Consumer Price Index increased by 2.7% year-on-year in July, slightly below the anticipated 2.8% rise. Latest employment statistics in the UK might allow Bank of England officials to adopt a “gradual and careful” […]
Treasury Secretary Scott Bessent states that Trump thought about bringing Janet Yellen back as Fed chair.
Trump Open to Fed Chair Candidates President Trump appears to be quite flexible regarding potential replacements for Federal Reserve Chairman Jerome Powell. The Treasury Department has indicated that he even considers Post’s Janet Yellen among the candidates. Powell’s term expired in May 2026, and the Trump administration has been interviewing a wide array of potential […]
S&P 500 soars to an all-time high as inflation report signals Fed can lower rates: Live updates
Stock Market Update On August 11, 2025, traders were busy on the floor of the New York Stock Exchange. Stock prices climbed on Tuesday as investors seemed relieved by the inflation report, which, although higher than anticipated, might encourage the Federal Reserve to consider cutting interest rates next month. The Dow Jones Industrial Average jumped […]
Fed Chair Powell says significant harm has resulted from not reducing rates
Trump Criticizes Fed’s Powell Over Interest Rates Former President Donald Trump has expressed strong disapproval of Federal Reserve Chairman Jerome Powell, claiming significant damage was done by not lowering interest rates after recent inflation data fell short of expectations. According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) increased by 0.2% in […]
Trump warns of significant legal action against Powell due to rising expenses for the Fed building renovation.
Trump Threatens Lawsuit Against Fed Chairman for Renovation Costs President Donald Trump has indicated he might initiate a “major lawsuit” against Federal Reserve Chairman Jerome Powell. He has described Powell as “severely incompetent” regarding the management of a significant construction project at the Federal Reserve. Trump has criticized the renovations, claiming they should have cost […]
Trump warns of legal action against ‘loser’ Fed chair Jerome Powell
Trump Criticizes Federal Reserve Chair Powell In Washington, President Trump expressed discontent with Federal Reserve Chairman Jerome Powell on Tuesday, suggesting that the next offensive against him could involve a lawsuit concerning the extensive $2.5 billion renovation of the Fed’s headquarters. Trump even took a swing at his former Treasury Secretary, Stephen Mnuchin, for advising […]