President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell on Wednesday, saying he would like to “fire his ass” over the central bank’s handling of interest rates. Speaking at the U.S.-Saudi Investment Forum at the Kennedy Center, Trump told Treasury Secretary
WASHINGTON, D.C. — In a closely watched move, the Federal Reserve has enacted its first interest rate cut of the year, trimming the benchmark federal funds rate by 25 basis points. The target rate now ranges between 4.00% and 4.25%. This marks the first
This week president Trump made history by firing Federal Reserve board of governors member Lisa Cook. Last week, President Trump called for the resignation of Federal Reserve board of governors member Lisa Cook following allegations by the head of the Federal Housing Finance Agency (FHFA) that
On Tuesday, President Trump signaled he has narrowed down his list of potential replacement candidates to become the next Federal Reserve chair. Trump said possibilities for the positions, including chair, are former Fed Governor Kevin Warsh, White House economic adviser Kevin Hassett and two others whom the
A group of White House officials are set to visit the Federal Reserve on Thursday amid escalating criticism of chairman Jerome Powell over renovations to the central bank’s headquarters. James Blair, a deputy chief of staff to President Trump, posted on the social media platform X that Trump
President Trump is reportedly mulling implementing some major leadership changes at the Federal Reserve. Reports indicate President Trump is considering a member of his Cabinet to succeed Federal Reserve Chair Jerome Powell. Powell has less than a year remaining in his term
