Fed, rates
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Fed, Jerome Powell and White House
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Michelle Bowman, the US Federal Reserve’s top bank cop, encouraged the financial industry to consider more innovation as one way to rope in credit invisible Americans who often struggle due to insufficient credit histories.
Treasury Secretary Scott Bessent told Bloomberg on Tuesday a “formal process” has been launched to find Federal Reserve Chair Jerome Powell’s successor, following months of pressure from President Donald Trump to have Powell step down from his role at the agency.
JPMorgan Chase CEO Jamie Dimon said on Tuesday the independence of the Federal Reserve is "absolutely critical".
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Bank of Cleveland President Beth Hammack said that she does not see an immediate reason to cut interest rates and that the U.S. economy is "really healthy."
Trump is threatening to create a Federal Reserve independence nightmare for markets as the bitcoin price hits an all-time
Kevin Hassett, Trump’s adviser and current director of the National Economic Council, gave an interview with CNBC on Sunday in which he said firing Powell was “being looked into” and praised the US president as “one of the most successful, if not the most successful businessmen in the 20th century”.
Kevin Hassett, Trump’s longest-serving economic adviser, is a leading contender to become the next Federal Reserve chairman, a position with significant influence over interest rates and the U.S. econ
Consumer prices posted the biggest increase in June in five months and are likely to keep the Federal Reserve from cutting interest rates soon, but there only scattered signs of tariff-related inflation.