Trump, Donald
Federal Reserve Chair Jay Powell has suggested that the central bank may cut interest rates at its next meeting in September, despite the US labor market slowing down. Powell, speaking at the Jackson Hole symposium, cited lower consumer spending, softer economic growth, and a jobs market with slack as reasons
Trump, Donald
President Trump's escalating attacks on Federal Reserve officials have diverted attention from the economy as top central bankers gather for their annual conference in Jackson Hole, Wyoming. At the center of the controversy is Lisa Cook, a Fed governor, whom Trump has called on to resign following allegations
Chairpersons
A top Justice Department official, Ed Martin, has called for the head of the Federal Reserve, Jerome H. Powell, to remove Fed governor Lisa Cook from the board due to allegations of mortgage fraud. The accusations stemmed from a criminal referral from the Federal Housing Finance Agency (FHFA) about Cook&
Trump, Donald
The Wall Street Journal has lambasted Donald Trump for his relentless pursuit of Federal Reserve governor Lisa Cook, claiming the move is an "ominous turn in political lawfare." Trump's dispute with the U.S. central bank originated from his disagreement with the decision not to cut
Trump, Donald
President Donald Trump has demanded the resignation of Lisa Cook, the first Black woman to serve on the Federal Reserve's board of governors, citing unsubstantiated allegations of mortgage fraud. According to a Bloomberg News article, Bill Pulte, the head of the Federal Housing Finance Administration and of Fannie
Chairpersons
High-profile guests, including Federal Reserve Chair Jerome H. Powell and European Central Bank chief Christine Lagarde, will gather at the Grand Teton National Park in Jackson, Wyo., for the annual symposium. However, their exclusive meeting will be preceded by a rather unusual encounter - a suspected colony of bats has
Chairpersons
Treasury Secretary Scott Bessent has narrowed down the list of candidates to replace US Federal Reserve Chair Jay Powell, who is set to leave office in May 2026. The shortlist features a mix of current and former senior central bankers, as well as Wall Street figures, including National Economic Council
Chairpersons
A source close to the White House revealed that the list of potential candidates to replace Federal Reserve Chair Jay Powell includes long shots such as David Zervos, Jefferies chief market strategist, and former Fed governor Larry Lindsey. National Economic Council chair Kevin Hassett, former Fed governor Kevin Warsh, and
Tariffs
US President Donald Trump has ignited a row with the Federal Reserve and Wall Street bank Goldman Sachs over trade tariffs, claiming "trillions of dollars" are being taken in on duties, despite official data showing a slowdown in inflation. In a social media outburst, Mr Trump told the
Tariffs
As U.S. President Donald Trump's tariffs continue to have a ripple effect on the economy, economists at Goldman Sachs warn that the burden of the tariffs will increasingly be passed on to consumers, exacerbating inflation. Although American businesses have borne most of the brunt of the tariffs
Tariffs
As the cost of President Donald Trump's tariffs continues to rise, Trump has escalated his war against Federal Reserve Chairman Jerome Powell, threatening a "major lawsuit" against him for the $2.5 billion cost of the Fed renovation. The latest Consumer Price Index (CPI) report shows
Tariffs
As the global reciprocal tariffs implemented by President Donald Trump resumed after a brief pause, the president took to his Truth Social account to defend his policies, claiming that companies and governments, rather than consumers, were footing the bill. Despite a study by the Yale Budget Lab suggesting that consumers
