Bernanke and Yellen: Pressure from Trump on the Fed might increase inflation
Former Fed Chairs Warn Against Pressure on Powell Former Federal Reserve Chairs Ben Bernanke and Janet Yellen have criticized the ongoing pressure directed at Jerome Powell, the current Fed chair, cautioning that such tactics could have long-lasting negative effects on the U.S. economy. In a recent op-ed in the New York Times, they advised President […]
Fed Chair Jerome Powell confronts DOJ referral regarding comments on Fed upgrades
Charges Against Jerome Powell by Rep. Luna Representative Anna Paulina Luna, a Republican from Florida, has leveled accusations against Jerome Powell, claiming he lied under oath to the Department of Justice, which could lead to criminal charges. This action appears to stem from ongoing demands from Trump’s supporters for Powell, an appointee of Trump, to […]
US Dollar stabilizes with tariff concerns and Fed ambiguity
The US dollar kicks off the week facing challenges as it interacts with major currencies on Monday. Despite some robust economic indicators from the US, the DXY remains below the significant 99.00 resistance level. The DXY index is sitting above the crucial support level near 98.00, but it appears momentum is waning. The US Dollar […]
Trump capitalizes on Fed changes as a chance to remove Powell
President Trump is considering a significant federal overhaul at the Federal Reserve, possibly as a strategy to remove the politically independent chair, Jerome Powell. For months, Trump has critiqued Powell for the Fed’s decision not to lower interest rates, a choice influenced in part by uncertainty related to Trump’s tariffs. Despite having appointed Powell during […]
Rand Paul Drives New Effort to Review the Fed as Rick Scott Criticizes $2.5B HQ Expenditure
Sen. Rand Paul Pushes for “Fed” Bill Amid Federal Reserve Controversy Senator Rand Paul (R-KY) is taking steps to reintroduce the “Fed” bill, aiming to highlight the ethics issues within the Federal Reserve and its lack of transparency, particularly regarding the hefty $2.5 billion renovation of its headquarters. This legislation, formally known as the Federal […]
Investment Firm Leader States Trump Has ‘Special Chance’ To Appoint New Fed Chair Sooner Than Anticipated
Trump May Have Chance to Appoint New Fed Chair Soon James Fishback, the CEO of investment firm Azoria, shared his thoughts on the potential for President Donald Trump to appoint a new chair for the Federal Reserve sooner than anticipated, during a recent appearance on Fox News’ “Ingraham Angle.” There’s buzz around Federal Reserve Chairman […]
Powell supports Fed changes in response to Trump’s criticism
On Thursday, Federal Reserve Chairman Jerome Powell addressed criticisms from GOP members regarding the expenses related to renovations of two buildings in Washington. He emphasized that the upgrade was long overdue. “The project has grown to include renovations of two historic structures at the National Mall, built in the 1930s,” Powell remarked. He referenced a […]
Waller from the Fed indicates he might disagree if there is no rate cut in July and minimizes tariff concerns.
Federal Reserve Governor Discusses Potential Rate Cuts On Friday, Federal Reserve Governor Christopher Waller expressed hope for quarterly interest rate cuts, noting the “edge” of the labor market. This comes as policymakers consider keeping rates stable at the end of this month. “It’s crucial not to oppose it regularly,” Waller stated in a Bloomberg TV […]
Fed Governor Chris Waller expresses readiness to lead the Fed if Trump requests it.
Chris Waller, who is in favor of cutting interest rates promptly, mentioned he would be willing to take on the role of central bank head if President Donald Trump reached out to him. So far, there hasn’t been any communication from Trump regarding this. Waller recounted a previous instance, back in 2019, when Trump asked […]
The competition to replace Jerome Powell at the Fed has taken a strange turn.
Federal Reserve Chairman Jerome Powell’s tumultuous relationship with President Trump has made quite a few headlines, but it seems the drama isn’t finished yet. As Wall Street responds to the prospect of Trump firing Powell, the buzz around possible successors is generating its own set of surprises. Among those rumored is Bill Pulte, who currently […]