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Trump, Fed and Powell

Associated Press News on MSN · 3h

Republican senators caution Trump against firing Fed chair Jerome Powell

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear the repercussions if President Donald Trump follows through with threats to try and remove the politically independent central banker.

CBS News on MSN · 13h

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.

Newsweek on MSN · 10h

Trump vs. Powell: How Firing the Fed Chair Could Shake the Economy

Economists interviewed by Newsweek warned that removing Powell now would roil markets, erode trust in U.S. institutions and ultimately hurt ordinary Americans.

Fed’s Favored Inflation Gauge Likely Stalled

MarketWatch · 14h

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 cement a decision by the central bank to stand pat at its next meeting at the end of July.

Wall Street Journal · 23h

Fed’s Favored Inflation Gauge Likely Stalled in June

The core inflation metric tracked by the Federal Reserve will likely come in at 2.7% or 2.8% for June, versus 2.7% in May, according to a batch of Wall Street estimates out today. That would mean no more progress toward the Fed's 2% target,

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

Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in what economists see as evidence of the Trump administration's increasing import taxes passing through to consumers.

12hon MSN

US economic activity rises but outlook pessimistic, Fed says

U.S. businesses told the Federal Reserve in June and early July that the loss of immigrant labor is adding to their struggles ...

11hon MSN

Bank CEOs Are Coming Out Fighting for Fed Independence

Goldman Sachs Chief Executive David Solomon, Bank of America head Brian Moynihan and Citigroup’s Jane Fraser said on ...

17h

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 ...

4hon MSN

Rupee contends with weak Asia, Fed leadership speculation

The Indian rupee at open on Thursday will contend with a slide in Asian peers, U.S. Federal Reserve leadership upheaval, and ...

8hon MSN

Fed’s Williams says tariffs are pushing up inflation, and he expects even higher prices in coming months

Higher tariffs put in place by the Trump White House this year have started to increase inflation, and these effects are ...

12hon MSN

Fed independence is important to the U.S. ‘and we should preserve it’ – BofA, Goldman Sachs

Bank of America CEO stresses Federal Reserve independence as key to economic stability amid political pressures. Learn why ...

6hon MSN

Dollar on shaky ground as markets fret about Fed independence

The dollar was on a fragile footing on Thursday having lost ground overnight as concerns U.S. President Donald Trump was ...

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