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WASHINGTON (AP) — President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank ...
The possibility that President Donald Trump could replace Federal Reserve Chair Jerome Powell with Treasury Secretary Scott Bessent is spinning heads from Washington to Wall Street and beyond.
The S&P 500 ended the trading week at 6,259.75, down 0.31% from the previous week's close.
This 4th of July, the Q1227 Restaurant in Sacramento is offering a special brunch for those wanting to celebrate Independence Day.
The Federal Reserve is likely to resume lowering interest rates in September, but it won’t be an easy call for the central bankers, economists said Thursday in the wake of the June jobs report.
Weaker labor-market data this week could bolster the case for the Federal Reserve to resume interest-rate cuts soon. “My view is that I do think the Fed should cut in July,” said Matt Brill ...
Trump Says Fed Chair Should ‘Resign Immediately’ The president escalated his recent attacks on Jerome H. Powell for not cutting interest rates.
Fed Chair Jerome Powell says tariffs have prevented the rate cuts President Trump badly wants. The Fed remains in wait-and-see mode as it updates its inflation and economic outlook.
Ending interest on bank reserves wouldn't save money or protect taxpayers, but it would make the central bank's job much harder.
The Labor Market Makes the Fed Look Late on Rate Cuts Continuing jobless claims just hit the highest level since 2021.
At least two Fed officials spoke out in favor of lowering borrowing costs as soon as July, while several others said the Fed should hold interest rates steady for now. Lower borrowing costs could ...
Launching a shadow Fed president is designed to undermine the influence of the current Fed Chair, who will leave next year after his term is up.