News

Trump’s latest attack on Powell involves ‘major lawsuit’ over Fed building. Why it’s unlikely to succeed.

In a post on his Truth Social social-media network, Trump again urged the Fed to lower interest rates, writing: “I am … ...

Is the Fed ready to cut interest rates? Experts weigh in

Futures markets are also expecting a rate cut. Investors peg the chances of a quarter-point interest rate cut at nearly 96%, ...

Dollar struggles as Fed rate-cut bets build; bitcoin soars to record high

The U.S. dollar languished at multi-week lows against major peers on Thursday as traders ramped up bets for the Federal ...

Trump calls on the Federal Reserve board to take full control of the central bank from Powell

President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.

Treasury Secretary Bessent wants the Fed to lower its lending rate

The current Federal Reserve interest rate is significantly higher than necessary and should be lowered, Treasury Secretary ...

Who’s next to chair Fed after Powell? From Michelle Bowman to Philip Jefferson, Trump admin eyes potential candidates

The Federal Reserve is considering candidates including Michelle Bowman and Philip Jefferson to succeed Jerome Powell as ...

Inflation likely moved higher last month as tariffs bite, putting the Fed in bind

Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, ...

How Jerome Powell Played Biden’s Climate Games While Inflation Ran Rampant

The Federal Reserve failed to prioritize its core mission to combat inflation while embracing the Biden administration’s ...