Trump, Powell, and the Fed: A Tumultuous Relationship
Trump's alleged discussions with GOP legislators about firing Fed Chair Powell and minimizing concerns about the Fed's spending caused market volatility. The Fed's independence is under scrutiny.
Trump, Powell, and Fed Overhaul: Authority and Controversy
Trump administration explores firing Fed Chair Powell over renovation costs. Allegations of extravagance & calls for "regimen change" fuel debate on presidential authority and Fed's independence. Cost overruns at the Fed headquarters are questioned.
Bessent on Treasury & Fed, Tariffs & Economy
Treasury Secretary Bessent addresses leading both Treasury & Fed, tariff impacts, and a replacement for Fed Chairman Powell. Tariffs may cause a one-time cost bump but shouldn't increase inflation long-term.
Trump vs. Fed: Independence Under Threat
Trump criticizes the Fed and Powell, raising concerns about the Fed's independence and potential market turmoil. Tariffs, interest rates, and economic growth are key issues.
Dow hits all-time high, soars over 400 points as investors cheer big bank earnings
The Dow and S&P 500 scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fueled expectations for a Federal Reserve rate cut in November.
Wall Street banks brace for downward revision of up to 1M fewer jobs — fueling worries the Fed failed to slash rates on time
Data showing the job market was weaker than previously thought could increase concerns the US economy is facing a potentially worse downturn than the current expectation for a “soft landing” in which inflation is tamed without a recession.