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Trump calls it ‘highly unlikely’ he’ll fire Fed chair Powell

CBS News · 13m

Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell

Washington — President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in the room voiced approval. Several sources said Mr. Trump indicated he will do it. Mr. Trump on Wednesday confirmed to reporters in the Oval Office that he spoke to lawmakers about ousting Powell.

The Associated Press on MSN · 25m

Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating that idea in private

WASHINGTON (AP) — President Donald Trump said Wednesday that he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell, a public statement made less than 24 hours after suggesting in a private meeting that he was leaning in favor of dismissing the head of the nation’s central bank.

The New York Times · 1h

Trump Has Draft of Letter to Fire Fed Chair. He Asked Republicans if He Should Send It.

The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.

1h

Why won’t the Fed cut rates in July? Its favorite inflation gauge is telling it not to.

The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to ...

2h

Instant view: Markets gyrate on brief scare that Trump will fire Fed's Powell

The dollar briefly tumbled on Wednesday and Treasury bond yields popped higher on reports citing an unidentified White House ...

4h

Fed’s Barr Warns of Booms and Busts Tied to Weakened Bank Rules

Federal Reserve Governor Michael Barr emphasized that regulation must evolve with the financial system, issuing a warning as ...

4h

Treasury secretary says work has begun on finding Fed Chair Powell’s successor

Treasury Secretary Scott Bessent said about finding a successor to Fed Chair Jerome Powell, whose term ends in May 2026: ...

5hon MSN

Former NEC Director Gary Cohn on state of the economy, Trump's tariff agenda & Fed's inflation fight

Gary Cohn, IBM vice chairman and former National Economic Council Director under President Trump, joins 'Squawk Box' to ...

5h

Wells Fargo: Fed Funds Futures Point To Upside In Series DD Preferred Shares

Wells Fargo only derived 56% of its Q2 2025 revenues from net interest income, highlighting the bank's topline resilience in ...

6h

‘Imminent’ Fed Nightmare Is Suddenly Coming True As The Bitcoin Price Soars

Trump is threatening to create a Federal Reserve independence nightmare for markets as the bitcoin price hits an all-time ...

22hon MSN

Fed's inflation fears start to be realized with June CPI increase

By Howard Schneider WASHINGTON (Reuters) -Rising prices across an array of goods from coffee to audio equipment to home ...

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