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Powell Defends Federal Reserve Independence
As federal agencies prepare to hand the keys over to President Donald Trump's second administration, one top official isn't worried about losing his job despite Trump's threats to fire him: Federal Reserve Chair Jerome Powell.
Jerome Powell Says He’s ‘Not Concerned’ About Federal Reserve Independence Under Trump
The Fed sets monetary policy “for the benefit of all Americans at all times, not for any particular political party or political outcome,” Powell said Wednesday.
If the Federal Reserve is cutting rates, why are mortgages so expensive?
It’s a huge frustration for all the folks that were excited to jump in and buy homes, once the Feds started cutting interest rates,” said Lara Rhame, chief economist at FS Investments.
Powell preaches Federal Reserve independence
Federal Reserve Chair Jerome H. Powell is confident the central bank will maintain its independence, despite signals from President-elect Donald Trump about taking a more hands-on approach to Fed policy.
US Fed's Powell Does Not See Trump Installing 'Shadow' Chair
Federal Reserve Chair Jerome Powell said on Wednesday he is not worried the incoming administration will undermine him as U.S. central bank leader through the people it nominates to Fed leadership ranks.
Powell: Fed's independence from politics is vital to its interest rate decisions
Christopher Waller, an influential member of the Fed's Board of Directors, said he was “leaning” toward a rate cut when the central bank meets in two weeks. Waller
Powell says he's not concerned Fed might lose its independence
Federal Reserve Chair Jerome Powell said he's not concerned that the central bank would lose its independence. Powell said he thought there was strong support in Congress for the idea of an independent central bank.
Powell: Independencia de la Reserva Federal es vital para sus decisiones sobre tasas de interés
Independencia de la Reserva Federal es vital para sus decisiones sobre tasas de interés. More Business. UnitedHealthcare, whose CEO was killed in a NY
1d
on MSN
US Debt Ceiling to Over Complicate Fed’s Balance-Sheet Runoff
The US debt ceiling is once again emerging as the Federal Reserve continues to unwind its balance sheet, putting the central ...
Money Metals Exchange
9d
The Federal Reserve Lost Another $20 Billion in the Third Quarter; You Will Get the Bill
The Federal Reserve booked $19.9 billion in operating losses in the third quarter. Keep in mind that Fed losses ultimately ...
12d
Federal Reserve Watch: The Problem Of Future Inflation
The U.S. banking system’s $3.3 trillion cash raises concerns over inflation. Read why policies may lead to new inflationary ...
Opinion
Daily Camera
3d
Opinion
Opinion: George Will: What is the Federal Reserve for, exactly?
Societies get what they incentivize. Moral hazards — incentives for perverse, risky behaviors — are now sown throughout ...
9d
on MSN
Warren warns Trump Treasury pick not to interfere with Federal Reserve
Sen. Elizabeth Warren (D-Mass.) urged President-elect Trump’s pick for Treasury secretary, billionaire investor Scott Bessent ...
1d
US economy poised for 'solid' growth in 2025 because America 'doesn't import recessions': BofA
In a research note released to reporters on Monday, BofA's economics team led by Claudio Irigoyen projected the US economy ...
Opinion
1d
Opinion
What is the Federal Reserve for, exactly? It's an interesting question.
With a recession deepening and the 1982 midterm elections approaching, Federal Reserve Chair Paul Volcker was summoned to the Oval Office, where Ronald Reagan was sitting with his chief of ...
12d
The Fed should sell its 70s-era gold stockpile and buy bitcoin to establish a crypto reserve, Sen. Cynthia Lummis says
The US government already owns 203,000 bitcoin worth nearly $21 billion, which it acquired mainly through asset forfeitures.
1h
Fed’s Beige Book says economy is stable. Firms more optimistic about 2025, but tariffs a worry.
The U.S. expanded steadily in November, but hiring was subdued and inflation was still a nagging problem in some parts of the ...
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