Trump, Donald
Despite mounting pressure from President Donald Trump, the US Federal Reserve has chosen to hold interest rates steady at 4.25% to 4.5%, defying Trump's calls for an aggressive rate cut to 1%. This decision comes as the central bank grapples with persistent inflationary concerns and the
Trump, Donald
The Bank of Canada held its policy interest rate steady at 2.75 per cent for the third consecutive time, citing uncertainty over the ongoing U.S. trade war and its potential impact on the Canadian economy. Bank Governor Tiff Macklem said there was a "clear consensus" among
Chairpersons
President Trump's relationship with Jerome Powell, the Federal Reserve chair, has deteriorated significantly since his second term, with the president making overt demands for lower interest rates or Powell's resignation. Trump has escalated his attacks on Powell, praising him only once in November 2017, when he
Chairpersons
Jerome H. Powell, the Federal Reserve chair, is under intense scrutiny from the White House and his own ranks, with a lively campaign to replace him and divisions over when to cut interest rates. As the central bank navigates through a complex economic landscape, Powell's circumstances have become
Chairpersons
As the US economy struggles to navigate the impact of the COVID-19 pandemic, President Donald Trump has intensified his attacks on the Federal Reserve, led by Chairman Jerome Powell. Trump's criticism is not motivated by principled disagreements about monetary policy, but rather a desire to have the Fed
Trump, Donald
U.S. President Donald Trump's increasing attacks on Jerome Powell, the chair of the U.S. Federal Reserve, have sent shockwaves through the global financial system. Trump's demands for a massive rate cut of over 3 per cent could have far-reaching consequences for the Canadian economy,
Chairpersons
President Trump has repeatedly clashed with Federal Reserve Chair Jerome H. Powell over the cost of renovating the central bank's headquarters, with the administration accusing Powell of mismanaging the project. During a tour of the construction site on Thursday, Trump reiterated his call for the Fed to lower
Trump, Donald
Tensions between the administration and the Federal Reserve escalated on Thursday as President Donald Trump visited the central bank's headquarters to tour the site of a $2.5bn renovation of two historical buildings. The White House has criticized the project as overly costly and ostentatious, while the Fed
Trump, Donald
The latest inflation data show that Federal Reserve Chair Jerome Powell's wait-and-see approach is the exact right tack for today's economic outlook. Despite President Trump's demand for three percentage points of rate cuts, the inflation data suggest that Powell's decision to hold
Trump, Donald
The US Treasury secretary Scott Bessent has called for an examination of the entire Federal Reserve institution, sparking further criticism from the Trump administration against the central bank. This move comes after President Trump and his lieutenants heavily criticized the Fed and its chair, Jay Powell, for not cutting borrowing
Chairpersons
The Trump administration has seized on the Federal Reserve's renovation of its building, potentially as a pretext to fire Jerome H. Powell, the central bank chair. The renovations, which have been underway since 2021, have become central to the administration's attempts to undermine Powell, who has
Trump, Donald
President Trump's increasingly vocal threats to Federal Reserve Chair Jerome H. Powell's independence could have an unintended consequence: pushing up interest rates that matter most to businesses and consumers. The Fed's decisions on short-term interest rates have a limited impact on borrowing costs, whereas
