Treasury secretary nominee Scott Bessent told Senate lawmakers Thursday that the Federal Reserve should remain independent, but that Donald Trump 'is going to make his views known' as president.
The past quarter’s economic data showed that the inflation battle is not over; whether the Fed eases now depends on the data, a point Jerome Powell and the Federal Reserve have repeated ad nauseam. Then came last week’s nonfarm payrolls data for April,
Every year the Federal Reserve conducts a stress test on about 30 U.S. banks to evaluate their ability to withstand economic crises, using hypothetical scenarios such as when the unemployment rate rises to 10 percent and housing prices drop 40 percent.
Trump hasn’t even been sworn into office yet and he’s already locking horns with Fed chair Jerome Powell on interest rates. They're both right, underscoring the Catch-22 facing the central bank and the U.
Trump's Treasury nominee, Scott Bessent, opposes a US CBDC, arguing it's unnecessary given existing secure US assets.
Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a reason to maintain confidence in their outlook: “market-based” inflation.
President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair ... Trump, who appointed Fed Chair Jerome Powell during his first term in 2017 ...
Donald Trump and Federal Reserve Chair Jay Powell could be on a collision course in 2025. At a Jan. 7 press conference, Trump said "inflation is still raging, and interest rates are far too high."
At the risk of speaking plainly, inflation arose from a government that spent too much and a central bank that printed too much. If the government lived with less, its citizens would live with more.
Could a 50-year bond, redeemable in gold on America’s 300th Birthday, point the way out of the era of fiat money?
Discover the recent gift for dividend investors from the Fed and top picks to maximize your investment opportunities. Click for our picks and strategy.