2 h. ago Trump’s calls it ‘highly unlikely’ he’ll fire Fed chair Powell after reportedly telling House GOP he ‘likely will soon’

The president’s public about-face on firing Jerome Powell is sure to have critics call it another TACO, or ‘Trump Always Chickens Out,’ moment.

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3 h. ago Trump calls it ‘highly unlikely’ he’ll fire Fed chair Powell after reportedly telling House GOP he ‘likely will soon’

Apparent U-turn

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4 h. ago Trump privately indicates he may soon fire Fed chair Jerome Powell

The US president denies he would dismiss the Federal Reserve head after reportedly drafting letter to sack himDonald Trump has privately indicated he is on the cusp of firing the Federal Reserve chair Jerome Powell, rattling Wall Street and renewing questions over the US central bank’s independence.The US president insisted on Wednesday that it was “highly unlikely” he would dismiss the Fed chair, after reports he had suggested he would and shown a draft letter dismissing Powell to political allies. Continue reading...

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4 h. ago Trump says he's 'unlikely' to fire Fed chief Powell despite GOP urging

President Trump said he's 'unlikely' to fire Federal Reserve Chair Jerome Powell after months of threats.

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17 h. ago How Trump could use a building renovation to oust the Fed chair

President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project

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23 h. ago Chief US audit regulator pushed out by Trump’s new SEC chair

Erica Williams told staff at the Public Company Accounting Oversight Board that Atkins asked her to resign

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25 h. ago Democrats demand Pam Bondi and Kash Patel be summoned for Epstein hearing

Letter calls for AG and FBI chief amid rift between Trump and supporters over files on notorious sex criminalDemocratic members of the House judiciary committee on Thursday demanded that Republicans summon the attorney general, Pam Bondi, the FBI director, Kash Patel, and their deputies for a hearing into the disgraced financier Jeffrey Epstein’s death and the sex-trafficking case against him.The letter from all 19 Democratic members on the committee to its Republican chair, Jim Jordan, comes amid a rift between Donald Trump and some of his supporters over the justice department’s conclusion, announced last week, that Epstein’s death in federal custody six years ago was a suicide, and that there is no secret list of his clients to be made public. Continue reading...

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50 h. ago Trump continues attacks on Federal Reserve chair as he demands lower interest rates – live updates

Trump attacks Federal Reserve chair Jerome Powell, calling him a ‘stupid guy’ and a ‘knucklehead’ as he demands lower interest ratesWith Trump’s headache not showing any signs of going away, Politico learned that “an ally supportive of the Trump DOJ’s handling of the Epstein case, has pitched senior White House officials on the idea of Bondi and deputy attorney general Todd Blanche doing an all-questions-addressed news conference in an attempt to exhaust the press and put the story to bed.”Maga influencer and far-right activist Laura Loomer also told Politico on Sunday that “there should be a special counsel appointed to do an independent investigation of the handling of the Epstein files so that people can feel like this issue is being investigated, and perhaps take it out of [Pam Bondi’s] hands, because I don’t think that she has been transparent or done a good job handling this issue”. Continue reading...

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2 w. ago Interest rates would have been cut, if not for Trump’s tariffs, Fed chair says

Trump has pressured Powell and the Fed to lower short term interest rates

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2 w. ago Federal Reserve chair blames Trump’s tariffs for preventing interest rates cut

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy. He posted a hand-scrawled note on his Truth Social platform on Monday, saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading...

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2 w. ago Federal Reserve chair blames Trump’s tariffs for preventing interest rate cuts

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy, and on Monday posted a hand-scrawled note on his Truth Social platform saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading...

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2 w. ago Fed chair Jerome Powell blames Trump tariffs for failure to cut US interest rates this year – business live

Rolling coverage of the latest economic and financial newsUS dollar has worst first half in more than 50 years amid Trump tariffsSainsbury’s has recorded its strongest growth since last summer after its Argos chain recorded a big step up in sales as shoppers sought out paddling pools and fans during recent hot weather.The retail group said Argos, its catalogue shop, was able to achieve growth of 4.4% in the three months to 21 June, up from 1.9% in the previous quarter. Comparable group sales, excluding fuel, rose 4.7% on a year earlier.Companies have now expanded production slightly for the fourth month in a row, order intake has ceased to fall, and slightly longer delivery times also indicate that demand is picking up a bit.Against the backdrop of numerous uncertainties - US tariffs, the crisis in the Middle East, and Russia’s ongoing war against Ukraine - this can certainly be seen as a sign of resilience. Continue reading...

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3 w. ago Federal Reserve chair defends holding interest rates after fresh Trump attacks

Jerome Powell says central bank is waiting to see tariffs’ impact on US prices as president claims ‘incompetence’The Federal Reserve is well placed to wait and see how tariffs affect US prices before cutting interest rates, its chair, Jerome Powell, insisted, defying renewed demands from Donald Trump.The US president has disregarded the central bank’s longstanding independence to repeatedly call for rate cuts to spur economic growth and launch a series of personal attacks on Powell. Continue reading...

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4 w. ago Trump calls Fed Chair Jerome Powell ‘a stupid person’ ahead of key interest rate decision

The Federal Reserve is set to keep interest rates the same despite Trump’s desire to see a rate cut

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4 w. ago Keir Starmer to chair emergency Cobra meeting as Trump considers joining Israel's war against Iran

Downing Street would not say whether British nationals should attempt to leave Israel amid its conflict with Iran

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