News

Why is Trump unhappy with Fed Chair Jerome Powell, and what does the Federal Reserve do?
President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, ...
The Fed Anchors Financial Markets. What Happens If It Loses Its Independence?
Low rates can also inflate financial markets. Investors, unable to generate strong returns in safe assets, such as short-term ...
Powell defends $2.5 billion Fed renovation in a point-by-point response to the Trump administration
Federal Reserve Chair Jerome Powell responded by letter Thursday to a senior Trump administration official who accused the ...
What Happens if Trump Fires Powell? A Former White House Advisor on Multiple Scenarios.
President Donald Trump threatened on Wednesday to fire Federal Reserve Chair Jerome Powell, citing cost overruns in Fed building renovations as a potential cause. While Trump has since played down the ...
The Press Democrat1h
Wall Street ticks toward a record as PepsiCo and tech stocks rally
Wall Street is hanging near its records following some better-than-expected updates on the economy and a mixed set of profit ...
GOP chair: ‘I don’t believe’ Trump can fire Powell
Rep. French Hill (R-Ark.), the chairman of the House Financial Services Committee, said on Thursday that he does not “believe ...
Federal Reserve says building renovation complies with law, defends costs
Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies ...
The News-Herald4h
‘Fear is the tool of a tyrant,’ fired federal prosecutor Maurene Comey tells colleagues
“If a career prosecutor can be fired without reason, fear may seep into the decisions of those who remain,” Comey said in the ...
Why the White House is attacking Powell over the ‘Taj Mahal on the National Mall’
Federal Reserve Chair Jerome Powell is under fire from the White House, which accuses him of bungling a yearslong renovation ...