WASHINGTON: US President Donald Trump and his administration are studying whether dismissing independent Federal Reserve chief Jerome Powell is an option, his top White House economic […]
Tag: Fed
Fed proposes averaging large bank stress test results to reduce volatility
WASHINGTON : The Federal Reserve kicked off a sweeping effort to overhaul its annual stress tests of large banks on Thursday, proposing to average results […]
Trump insists he could fire independent Fed Chair Powell
Powell warned Wednesday that Trump’s sweeping tariffs on virtually every trade partner could put the Fed in the unenviable position of having to choose between […]
Trump says Fed chief’s ‘termination cannot come fast enough’
WASHINGTON: US President Donald Trump said on Thursday (Apr 17) that “termination” of the independent head of the Federal Reserve “cannot come fast enough” as he lashed out at […]
Fed Chair Powell: Cutting discretionary federal spending will not fix US debt problem
To make real headway on reducing government debt and deficits, Powell said, politicians must reduce spending on the largest parts of government outlays: Medicaid, Medicare, […]
Wall St ends whipsaw week higher as Fed comments soothe market
The Dow Jones Industrial Average rose 619.05 points, or 1.56 per cent, to 40,212.71, the S&P 500 gained 95.31 points, or 1.81 per cent, to […]
Fed official says ‘absolutely’ ready to intervene in financial markets
But for now, the University of Michigan’s survey on inflation expectations remains an outlier, with financial market measures of inflation expectation still largely pricing in […]
Fed should lead in financial technology space, Harker says
Philadelphia Federal Reserve President Patrick Harker did not comment on the outlook for the economy or monetary policy in prepared remarks for a speech to […]
US Fed could face ‘difficult tradeoffs’ after tariffs
WASHINGTON: The US Federal Reserve’s rate-setting committee raised concerns last month about “difficult tradeoffs” ahead as President Donald Trump prepared to unleash his tariff offensive, according […]
Market tariff fallout continues as Powell says Fed still in wait and see mode
But policymakers, including Powell, have warned that tariffs could raise prices. The extent of the price increase will likely be determined by the rollout of […]