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CHICAGO, April 16 (Reuters) - U.S. Federal Reserve Chair Jerome Powell said on Wednesday the Fed would wait for more data on the economy's direction before changing interest rates, but cautioned ...
Powell emphasized the inflation risks and said the Fed would not necessarily step in to help financial markets with lower interest rates if stocks plummeted. The tariffs threaten to slow the ...
Trump says rates should be falling in US as in Europe Fed is keeping rates on hold, concerned tariffs will drive up inflation Trump says Powell would leave if asked, Powell has said he would not ...
BCA Research said that Powell and the Fed provide an opportunity to Trump in the form of "scapegoats" by shouldering the blame for trade war-inflicted economic weakness. Trump on Thursday blasted ...
The U.S. president's comments came following Powell's remarks to the Economic Club of Chicago on April 16, when the Fed chair appointed during Trump's first term said, "Unemployment is likely to ...
This isn’t the first time Powell acknowledged the need for stablecoin legislation. In June 2023, the Fed boss told the House Financial Services Committee that stablecoins were “a form of money ...
The criticism came a day after Fed Chair Jerome H. Powell warned that the administration’s trade war was “highly likely” to spur a temporary rise in inflation, with the potential for longer ...
The president said he has “no intention” of ousting Jerome H. Powell, the Fed chair, but the administration’s willingness to challenge norms regarding the central bank’s political ...
Trump’s first comments on Powell came early in the day, in a social media post. But the president continued ripping into the Fed chief later Thursday, in an Oval Office meeting, piling on ...
The Fed is an independent government agency established by Congress. President Donald Trump on Thursday sharply criticized Federal Reserve Chair Jerome Powell, urging the central bank to lower ...