Tag: jerome powell
Jerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: ‘Unusually large amounts of economic activity’ | Fortune
For months, Wall Street commentators have fretted that the artificial intelligence boom looks like a bubble, with capital spending – which some analysts estimate...
Amid weak hiring and White House attacks, the Fed lowers rates—its first move in 2025 and a test of Powell’s independence | Fortune
The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday, delivering the long-awaited cut which Powell hinted at last...
The first battle in the war on Fed independence takes shape today in Lisa Cook’s emergency hearing
The current battle over the Fed’s independence from the White House has boiled down to Cook v. Trump. Literally.
Fed governor (or former Fed...
Embattled Fed Gov. Lisa Cook vows legal fight against 47th president’s bid to oust her
By Christopher RugaberAP Economics Writer
WASHINGTON (AP) — Federal Reserve Gov. Lisa Cook will sue President Donald Trump’s administration to try to prevent him from...
Trump’s push to oust Fed’s Lisa Cook unites anti-DEI effort, bid to control independent institutions
WASHINGTON – President Donald Trump's vow to fire Lisa Cook, an economist who is the first Black woman to serve on the Federal Reserve's...
Trump’s threat to fire another Fed member has Wall Street weighing the price of ‘wrecking institutions’ with ‘scapegoat economics’
Markets are shuddering this morning after President Trump announced his plan to fire another member of the Federal Open Market Committee (FOMC). While some...
The Federal Reserve could start resembling the Supreme Court
As President Donald Trump ramps up pressure on the Federal Reserve, the typically staid, consensus-driven institution could take on some qualities of the more...
Powell ‘holds the key’ to the next Fed rate move as divided policymakers will likely fail to reach a consensus again, JPMorgan says
A consensus view on Wall Street for a rate cut next month doesn’t mean there will be a consensus on the Federal Reserve as...
Why does an independent Fed matter? Just look at Ronald Reagan’s economy with Paul Volcker hiking rates to nearly 20%
President Donald Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his...
Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says
Powell noted that while labor markets remain in balance, it is a “curious kind of balance that results from a marked slowing in both...