9 h. ago ‘Surprised’ Trump appears to forget he appointed Powell as Fed chair before blaming Biden for keeping him on

Seeming gaffe comes a day after he fabricated a story about his uncle and Unabomber Ted Kaczynski

Politics

12 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.

Politics

13 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

Politics

14 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...

Politics

14 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.

Politics

26 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

Politics

38 h. ago Dimon warns on Fed independence as Trump piles pressure on Jay Powell

JPMorgan chief’s comments come as Treasury secretary says ‘formal process’ to replace central bank chief is under way

Events

38 h. ago Dimon warns on Fed independence as Trump piles pressure on Powell

JPMorgan chief’s comments come as Treasury secretary says ‘formal process’ to replace central bank chief is under way

Events

68 h. ago Trump says he spoke to Dan Bongino after reports deputy FBI director could leave post over Epstein files fallout – US politics live

US president says Bongino ‘sounded terrific’ when he spoke to him about uproar over how Justice Department handled inquiry into Epstein deathPresident Donald Trump said on Sunday that it would be a great thing if Fed chairman Jerome Powell stepped down.“I hope he quits,” Trump told reporters on the tarmac at Joint Base Andrews, Maryland. Continue reading...

Politics

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

Politics

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...

Politics

2 w. ago Trump’s fiscal policy and attacks on Fed put US safe haven status at risk, economists say

FT-Booth survey reveals broad concern over president’s measures and criticism of central bank

Events

2 w. ago Trump’s fiscal policy and Fed attacks imperil US haven status, say economists

FT-Booth survey reveals broad concern over president’s measures and criticism of central bank

Events

2 w. ago Voices: Who will Trump pick to replace his ‘terrible’ and ‘stupid’ Federal Reserve boss?

For daring to speak out against tariffs and refusing to lower interest rates, Jay Powell has become the president’s public enemy number one. His successor could be announced early out of spite – and there’s one clear contender who’s up to the job, says James Moore

Politics

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...

Politics

3 w. ago Germany and Italy pressed to bring $245bn of gold home from US

Trump’s attacks on the Fed and growing geopolitical risks reignite public debate about repatriating bullion

Politics

4 w. ago Stagflation warning as Fed resists Trump's pressure and holds interest rates

The US Federal Reserve, led by Chairman Jay Powell (pictured), left rates at a range of 4.25-4.5% as it cut its forecasts for economic growth.

Events

4 w. ago Fed chief Powell's stubborn defiance on interest rates risks an avoidable downturn, says ALEX BRUMMER

The Federal Reserve's rate hold should come as no surprise. Chairman Jay Powell is determined to preserve the US central bank's independence.

Events

4 w. ago Fed keeps rates unchanged after Trump knocks chairman Jerome Powell – live

The Federal Reserve holds interest rates steady and policymakers signal borrowing costs are still likely to fall this yearRussian deputy foreign minister Sergei Ryabkov warned on Wednesday that direct US military assistance to Israel could radically destabilise the situation in the Middle East, where an air war between Israel and Iran has raged for six days.In separate comments, the head of Russia’s SVR foreign intelligence service, Sergei Naryshkin, was quoted as saying that the situation between Israel and Iran was now critical. Continue reading...

Politics

4 w. ago Justice Sotomayor dissents US supreme court decision that ‘authorizes untold harm to transgender children’ – live

Justice Sonia Sotomayor says decision ‘does irrevocable damage to the Equal Protection Clause’ and ‘invites legislatures to engage in discrimination’US supreme court upholds ban on youth gender-affirming careRussian deputy foreign minister Sergei Ryabkov warned on Wednesday that direct US military assistance to Israel could radically destabilise the situation in the Middle East, where an air war between Israel and Iran has raged for six days.In separate comments, the head of Russia’s SVR foreign intelligence service, Sergei Naryshkin, was quoted as saying that the situation between Israel and Iran was now critical. Continue reading...

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