President Trump and his allies have accused the Federal Reserve chair, Jerome Powell, of misleading Congress in what some legal scholars worry is a prelude to seeking his removal.
Category: Powell, Jerome H
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Are Investors Too Complacent About Tariffs and Rates Uncertainty?
Stocks have hit new highs despite President Trump’s escalating trade war. Some traders may be calling his bluff, but Jamie Dimon of JPMorgan Chase advises caution.
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Trump’s Push for Influence Over Fed Decisions May Hobble Next Chair
The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has already raised doubts about their credibility.
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Latest Fed Minutes Underscore Divisions Over Pace of Interest Rate Cuts
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.
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Bessent Steps Up Criticism of Fed as Auditions for Chair Intensify
The Treasury secretary is breaking with tradition in publicly assailing the central bank’s policies as President Trump looks for its next leader.
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Solid Jobs Report Keeps Fed Rate Cuts at Bay
The latest labor market data reinforces the central bank’s wait-and-see approach to lowering borrowing costs, despite pressure from President Trump.
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How Immigration Could Muddy the Jobs Numbers
Job growth is expected to fall this year, adding to pressure on the Federal Reserve to cut interest rates. But the slowdown might reflect a smaller labor force, not declining demand from employers.
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Despite Pressure From Trump, Powell Remains Patient on Rate Cuts
The Federal Reserve chair said the central bank would make decisions on interest rates based on data.
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Thought Markets Were Volatile in the First Half? Watch Out.
Stocks have rebounded, but the dollar is in a deep slump. Here’s what could go right (and very wrong) for investors.
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Trump Encourages Powell to Resign in Latest Attack on the Fed Chair
Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about cutting interest rates amid uncertainty about the economic outlook.
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PCE Inflation Was Slightly Hotter in May as Economists Brace for Trump’s Tariffs
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.
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Investors on Edge About a Potential Shadow Fed Chair
Traders have moved on a report that President Trump is again weighing a shake-up at the central bank that could undermine market confidence.