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News

Fed, Trump and Powell

Reuters on MSN · 8h
Trump says Fed's Powell will be out in 8 months, calls him a 'numbskull'
U.S. Federal Reserve Chair Jerome Powell is a "numbskull" who has kept interest rates too high, but he will be out in eight months, President Donald Trump said at a news conference on Tuesday.
Decrypt · 21h
Can Trump Fire Fed Chair Jerome Powell—And What Does That Mean For Crypto?
Crypto traders are eyeing rate cuts this year amid a growing standoff between President Trump and Fed Chair Jerome Powell.
CBS News on MSN · 5d
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, after years of on-and-off criticism over interest rates.
4h

Amid calls for Powell’s ouster, Bessent says Fed chief should serve out his term

Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, ...
8hon MSN

Jerome Powell must quit to save the Fed, one prominent economist says

The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege.
5hon MSN

Top Trump official slated to inspect Fed's $2.5B renovation amid cost scrutiny

White House deputy chief of staff James Blair will visit the renovation site at the Federal Reserve's headquarters amid ...

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