Tag: Federal Reserve
The Federal Reserve’s power: Congress giveth and Congress can taketh away
The White House’s relentless pressure on the Federal Reserve has kindled a debate on the central bank’s independence and role in the economy.
While President...
A vacancy on the Fed is opening early as Trump urges board to ‘assume control’ if Powell doesn’t cut rates
Fed Governor Adriana Kugler announced Friday she is stepping down from her position earlier than expected, giving President Donald Trump the chance to expand...
Everyone’s watching Jerome Powell as warnings flash for the U.S. economy
A surprisingly weak July employment report has intensified expectations that the Federal Reserve will resume cutting interest rates as soon as September, with mounting...
Federal Reserve economists aren’t sold that AI will actually make workers more productive, saying it could be a one-off invention like the light bulb
A new Federal Reserve Board staff paper concludes that generative artificial intelligence (genAI) holds significant promise for boosting U.S. productivity, but cautions that its...
Trump rips into ‘stubborn’ Jerome Powell, calls for Fed’s board to launch a coup and seize power
President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head...
Jamie Dimon doubles down on backing Powell despite Trump criticism, saying an independent Fed means lower rates
JPMorgan Chase CEO Jamie Dimon has doubled down on his support for Fed chairman Jerome Powell—despite criticism from the Oval Office of the Fed’s...
Jerome Powell’s Federal Reserve holds rates steady despite immense pressure from Trump to cut, cut, cut
The Federal Reserve maintained rates on Wednesday, holding up against the pressure of President Donald Trump and his recently escalated rhetoric.
The Fed, while it...
Here’s how the Federal Reserve funds itself, including renovations, without taxpayer dollars
The Federal Reserve’s funding has come under scrutiny as the White House attacks the $2.5 billion headquarters renovation for cost overruns.
That controversy was underscored...
Trump jokes about firing Jerome Powell to his face during Fed visit
President Donald Trump publicly scorned Federal Reserve Chair Jerome Powell on Thursday for the cost of an extensive building renovation as the two officials...
‘Goldilocks’ is ignoring the three bears, Wall Street says
Markets are mostly maintaining their all-time highs despite Trump’s tariffs, threats to Fed independence, and analysts reducing their expectations for U.S. GDP growth. Investors...