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President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.
Tensions between governments and central banks are common. Governments often prefer low interest rates for economic growth.
Consumers’ inflation expectations, by some measures, are also the highest in decades. Inflation has been above the Fed’s 2% ...
President Donald Trump is wrong to challenge Federal Reserve Chairman Jerome Powell. The independence of the central bank is ...
Photo: Alamy President Donald Trump blasted Federal Reserve Chairman Jerome Powell on Wednesday, calling him a “numbskull” over monetary policy decisions and a costly renovation project at the central ...
Whether Federal Reserve Chair Jerome Powell is fired next week, forced to resign in six months or allowed to muddle through to the end of his term next May, the supposedly sacrosanct notion of Fed ...
Some Republican senators are cautioning President Donald Trump against firing U.S. Federal Reserve Chair Jerome Powell, saying it could potentially damage the Fed's independence.
Wednesday's market drama on reports of an imminent ouster of Federal Reserve Chair Jerome Powell has calmed quickly, with ...
The yearslong project to spruce up central bank buildings in Washington, D.C., received little attention until recently ...