Fed, Powell and Trump
Digest more
The White House’s latest criticism of Fed Chair Jerome Powell, over building renovations, marks a broader push by President Trump to exert pressure on the independent central bank. In a response to Fortune,
Donald Trump is narrowing down his short list of possible successors to Federal Reserve Chairman Jerome Powell, as he resists the president's very public calls to cut interest rates. The top contenders include two Kevins,
2don MSN
President Donald Trump says “anybody” but Federal Reserve Chair Jerome Powell should head the central bank. Could that even include Treasury Secretary Scott Bessett — and would he be able to wear both hats?
The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has already raised doubts about their credibility.
Hassett cowrote the book Dow 36,000 at the peak of the dotcom bubble in 1999, saying stocks could “quadruple tomorrow and still not be too high”. Alas, the Dow soon sank into a lengthy bear market, bottoming at 6,
The investigation into cost overruns on a renovation of Fed headquarters is drawing concern that it's a pretext to eventually fire the central bank chief.
14h
Money Talks News on MSNFed Fight Heats up: What Trump’s Choice Could Mean for YouAccording to CBS News, President Trump’s potential picks for the role include critics of the current Fed approach. A new chair could bring sharp changes to borrowing costs or investment returns. Consider what’s at stake. If the next chair pushes for lower rates, homebuyers may benefit. But savers enjoying high yields could lose ground.