White House, Jerome Powell and Donald Trump
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Trump, Powell and Federal Reserve
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President Donald Trump’s attacks on Federal Reserve Chairman Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
Investors are becoming more measured in their reaction to news about Trump's Washington policy, with Wednesday's whipsawing headlines over Federal Reserve Chair Jerome Powell triggering a reaction that fell short of what could happen if the Fed chair was indeed fired.
23hon MSN
Raphael Bostic remains focused on economic data despite Trump's criticism of Powell, noting that businesses in the southeast are experiencing real price pressures from tariffs.
However, it never looked like markets fully priced in Powell’s exit yesterday afternoon. Pricing for a September Fed cut didn’t go beyond 20bp, and EUR/USD failed to get beyond 1.1720 even before Trump’s denial caused an unwinding of all market moves.
Nifty50 and BSE Sensex, the Indian equity benchmark indices, started Thursday’s trading session on a flat note. While Nifty50 was
President Trump and his lieutenants have been bullying Federal Reserve Chair Jerome Powell for months over the Fed's reluctance to lower interest rates. But even if that campaign is successful, the president may not really get what he wants.
President Trump renewed calls for Federal Reserve Chair Jerome Powell to resign and potentially hinted at support for Treasury Secretary Scott Bessent to be Powell's replacement. Yahoo Finance Washington Correspondent Ben Werschkul and Barron senior markets analysis writer Paul R.