News

'A dreadful idea': Why Wall Street's brightest minds hate the idea of Trump firing Fed Chair Powell
Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.
Private equity billionaire David Rubenstein on Jerome Powell: He's done a very good job
Carlyle co-founder and the owner of the Baltimore Orioles, David Rubenstein, defended the job under beleaguered Federal Reserve Chairman Jerome Powell.
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Trump says he's not planning to fire Powell, but leaves door open
Trump has called for aggressive cuts. Powell and the Federal Open Market Committee, which sets rates, have taken a wait-and-see approach on interest rates, partly due to concerns about how Trump's ...
Wall Street is coming to the Fed's defense
Some of the biggest names on Wall Street are getting louder about the importance of an independent Federal Reserve as the White House pressure on Jerome Powell intensifies. JPMorgan Chase (JPM) CEO ...
Opinion
Stock Markets Are Right to Downplay the Trump-Powell Drama. Here’s Why.
Crypto bills advance to debate, United Airlines earnings beat expectations, Labubu dolls give Pop Mart a boost, and more news to start your day.
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Three Trump Actions Stirring Potential Conflicts in the U.S.
President Trump's recent decisions have sparked significant debate and concern across various sectors, with the potential to escalate internal conflicts. From monetary policy to public media funding, ...
Current Weather
President Donald Trump is not a supporter of Federal Reserve Chairman Jerome Powell, and his administration is applying pressure on the central bank.
Who appointed Jerome Powell? Donald Trump blames Biden for own choice
“According to Trump, whose mind is now mushier than Gerber baby food, this is Biden in 2017 appointing Jerome Powell to be Fed chair,” one user said . Another added, “Either Trump is senile and can't ...
Bank CEOs Are Coming Out Fighting for Fed Independence
Goldman Sachs Chief Executive David Solomon, Bank of America head Brian Moynihan and Citigroup’s Jane Fraser said on ...
Trump Won’t Rule Out Firing Powell, But ‘Highly Unlikely’
President Donald Trump says he is not ruling out the idea of firing Fed Chair Jerome Powell but that he doesn’t have an immediate plan to do so.“I don’t rule anything out, but I think it’s highly ...
Trump deflects reports on firing Fed Chair Powell ‘soon’
EST to include comments from Loretta Mester, former head of the Federal Reserve Bank of Cleveland.President Donald Trump today clawed back remarks he made to Republican lawmakers that indicated he ...
Trump won’t rule out sacking Powell as Jamie Dimon works to shield the Fed chair
President Donald Trump’s feud with Federal Reserve Chair Jerome Powell continues to escalate, as the president openly ...