Warren supports Powell in response to Trump’s criticism
Warren Backs Powell Amid Trump Tension Senator Elizabeth Warren, a prominent figure on the Senate Banking Committee from Massachusetts, expressed her support for Federal Reserve Chairman Jerome Powell on Wednesday. This week, President Trump fluctuated in his stance regarding Powell’s future, hinting at the possibility of firing him before Powell’s term concludes next year—an action […]
Editorial board advises Trump against dismissing Powell
Wall Street Journal Advises Trump on Powell Situation The Wall Street Journal Editorial Board advised President Trump on Wednesday not to act on his threat to fire Federal Reserve Chairman Jerome Powell, cautioning that such a decision could lead to worse consequences than the current situation. “It can be difficult to gauge whether President Trump […]
Republican senators caution Trump that dismissing Powell would create significant disruption in the economy.
Republicans Caution Trump on Firing Fed Chairman Powell Senate Republicans have expressed their concerns to President Trump regarding his threat to fire Federal Reserve Chairman Jerome Powell, describing such an action as potentially disastrous. They suggest it could trigger a “shock wave” throughout financial markets, impacting the broader economy. GOP Senators, including some of Trump’s […]
Futures remain mostly steady after stocks gained following Trump’s remarks denying plans to dismiss Powell: Live updates
Market Update Following Trump’s Comments on Jerome Powell A trader was present on the New York Stock Exchange on July 15, 2025. It’s quite an interesting time in the markets. As of Wednesday night, US stock futures showed some declines. This drop came a day after President Trump clarified that he doesn’t plan to dismiss […]
Republicans divided on if Trump should dismiss Powell
If President Trump decides to dismiss Federal Reserve Chairman Jerome Powell, it seems Republican lawmakers could be divided on the issue, with some urging him to keep Powell on board. Trump indicated in a meeting that he was considering firing Powell, according to a White House official and another source. However, the next day, he […]
Noem hints at changes in TSA, Trump rejects idea of firing Powell
It’s Wednesday. Today was quite eventful—my first experience at the Hillnation Summit. And, by the way, there’s a council softball game happening tonight! In today’s issue: The Hillnation Summit is in full swing Trump refutes intentions to fire Powell Noem hints at a relaxed TSA policy The President labels Epstein’s outrage as “Bulles” The Senate […]
GBP/USD rises due to US PPI drop and Trump’s possible dismissal of Powell
US PPI slowed to 2.3% year-on-year, raising speculations of a Fed cut in July. Trump reportedly believes he has displaced Federal Reserve Chairman Powell, adding to market volatility. UK CPI surged to 3.6% year-on-year, the highest since January 2024, diminishing BOE cut prospects. In currency news, GBP/USD has reversed its trend, gaining after the latest […]
Trump informed key Republican lawmakers that he is expected to dismiss Fed Chair Jerome Powell, according to sources.
President Trump recently indicated to leading GOP members that he might dismiss Federal Reserve Chairman Jerome Powell. Sources confirmed earlier reports from Bloomberg News, citing individuals familiar with the discussions. An insider within the administration, speaking on the condition of anonymity, confirmed the nature of Trump’s consultations with congressional Republicans. According to two sources, Trump […]
Bitcoin Pauses as Traders Take Profits During Jerome Powell Succession Discussions
Simply put Bitcoin has dropped 4.5% from its all-time high, now at $117,250, as traders took profits and exchange inflows surged. Persistent inflation and uncertainty around the Federal Reserve have put pressure on prices, with the Consumer Price Index rising to 2.7% in June, dampening hopes for interest rate cuts. The possibility of a new […]
Ways the White House is increasing its pressure on Fed chief Jerome Powell
The tension between President Trump and Federal Reserve Chairman Jerome Powell is intensifying, especially with plans for a $2.5 billion renovation of the Fed’s headquarters in Washington, D.C. This renovation is drawing attention from the White House, with Powell reportedly asking central bank inspectors to evaluate the project this week. For months, Trump and his […]