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Trump calls on the Federal Reserve board to take full control of the central bank from Powell
WASHINGTON (AP) — President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates.
"No, I don’t feel sorry for Jerome Powell. He’s worth over $200 million. Who I feel sorry for are the Americans who can’t get a mortgage." ...
Cryptopolitan on MSN1d
PCE inflation rose 0.3% in June, with the annual rate hitting 2.6%Jerome Powell now has exactly what he needed to justify staying on the sidelines. On Thursday, the Commerce Department ...
Altcoins like SOL, AVAX, HYPE were down 4%-5% before paring losses, while BONK and PENGU plunged 10% then bounced back.
10don MSN
Amid tensions with the White House, Treasury Secretary Scott Bessent backed Fed Chair Jerome Powell, saying there's no need ...
Traders increase their bets on future US rate cuts whenever president Donald Trump threatens to fire Federal Reserve chair ...
Once Fed Chair Powell started talking about using the Fed funds rate to thwart tariff-led inflation in the U.S. economy, and ...
Despite two high-profile dissenters voting for a cut, Chair Powell held the line, casting the current stance as “modestly restrictive”—a coded phrase suggesting the Fed sees no urgency to pivot. That ...
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