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Jerome Powell must quit to save the Fed, one prominent economist says
The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege.
Bessent Sees No Reason for Powell to Step Down From Fed Now
Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down.
Fed officials, banking experts discuss regulatory rewrite effort at conference
The Federal Reserve continued work on its comprehensive effort to rewrite bank rules with a daylong conference at its headquarters on Tuesday.
Fed Chair Powell Opens Conference Without a Word on Monetary Policy
In opening a Federal Reserve conference on banking regulation on Tuesday, Chair Jerome Powell skipped making any controversy or news, as expected. Powell’s brief prepared remarks gave no monetary-policy hints and,
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Top Trump official slated to inspect Fed's $2.5B renovation amid cost scrutiny
White House deputy chief of staff James Blair will visit the renovation site at the Federal Reserve's headquarters amid President Donald Trump's concerns with the projects cost overruns.
Bessent calls for internal review of Fed but doesn't think Powell needs to step down
Treasury Secretary Scott Bessent is taking aim at the Federal Reserve and the rules the Fed enforces as a supervisor of big banks. But he doesn't think Fed Chair Jerome Powell should step down immediately.
Fed still set for extended hold in 2025, but likelihood of easing is rising
For the moment, our central forecast still sees the Fed remaining on hold throughout 2025. For 2026, we have changed our base case to feature one additional rate cut in the first half, which would take the fed funds rate to neutral levels by the end of that year.
Fed Newly Defends Renovations as White House Intensifies Attacks
The Trump administration has seized on the Federal Reserve’s renovation of its building in what legal experts say could be pretext to fire Jerome H. Powell, the central bank chair.
Bessent: The Trump administration should look into the Fed’s ‘many mistakes’
Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could equal the dot-com boom seen in the 1990s.
US Fed independence under threat, say economists, but no one expects a July rate cut- Reuters poll
The U.S. Federal Reserve's independence is under threat from mounting political interference, according to a clear majority of economists polled by Reuters, although no one expects a July interest rate cut despite a recent divergence in views among policymakers.
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