Trump, Federal Reserve and Jerome Powell
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Fed, Trump and inflation
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President Donald Trump said on Tuesday that Treasury Secretary Scott Bessent could be a candidate to replace Federal Reserve Chairman Jerome Powell, but suggested that might not happen.
Trump has been highly critical of Jerome Powell this year, pressuring him to cut rates. The Fed Chair has said he's awaiting further clarity on inflation.
The move to narrow the rollback of a Biden-era order mandating contractors negotiate with unions before major construction projects came after a federal judge blocked the White House’s first attempt.
Markets either don't believe the White House attempts to force out the Federal Reserve chair will succeed, or they assume it's all bluster. But there's good reason to be wary of the sort of uncertainty that renewed Fed-bashing may be building under the surface.
President Trump’s new spending bill will increase federal deficits, adding to a debt load that’s already grown more than 50% since 2020.
President Donald Trump has signaled he’s already looking to replace Federal Reserve Chair Jerome Powell far earlier than usual. Here’s how a so-called ‘shadow’ Fed would work, and why it could cause problems for markets.
Some federal court rulings have found that failing to provide certain services in other languages can be discriminatory.
The policy requires documentation of immigration status as a condition for enrollment for the first time in the program’s 60-year history.Start the day smarter. Get all the news you need in your inbox each morning.