Fed, Trump and Jerome Powell
Digest more
Christopher Waller, a potential contender to be the next chair of the central bank, said the Federal Reserve should not wait for the labor market to weaken to reduce interest rates.
Bond powerhouse Pimco hasn’t adjusted its positions in light of Trump’s threats to push Powell out, even with the potential for dramatic moves in Treasurys if it were to happen, according to people close to the situation.
The Wall Street Journal, owned by Rupert Murdoch’s News Corp, has published another biting opinion piece attacking President Donald Trump after his threat to fire Federal Reserve Chair Jerome Powell.
Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.
2d
Money Talks News on MSNTrump's Fed Chair Hunt Could Reshape Your Mortgage and Savings RatesPresident Trump's search for a new Federal Reserve chair could drastically alter interest rates affecting mortgages and savings.
Privately, White House officials acknowledge uncertainty about Trump firing Powell solely based on accusations he mismanaged a multi-year renovation project.
President Trump asked Republican lawmakers this week whether he should fire Federal Reserve Chair Jerome Powell, whom he appointed to the position in 2017. The move followed months of criticism by Trump of Powell,