Federal Reserve, Trump and interest rate
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President Donald Trump accused the Federal Reserve under Chairman Jerome Powell of "choking out the housing market" in his latest attack on the central bank's decision-making.
Under the law, Trump can fire Powell for what’s known as “cause.” What Trump’s inner circle is grappling with is what exactly constitutes “cause” in a way that can withstand
In a letter Thursday, the Federal Reserve chief rejected criticism the White House has leveled at him over the cost of renovation projects.
Fed Governor Christopher Waller, at a New York event, said the US central bank should lower borrowing costs at its July 29-30 policy meeting to preserve the labor market’s stren
Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.
Federal Reserve Gov. Christopher Waller on Thursday called for the central bank to cut interest rates in July. Waller said
If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
Russell T. Vought, the head of the Office of Management and Budget, said he and other administration officials wanted access to the Fed’s building in Washington.
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