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Republican senators caution Trump against firing Fed chair Jerome Powell
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear the repercussions if President Donald Trump follows through with threats to try and remove the politically independent central banker.
Massachusetts Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, offered support Wednesday for Federal Reserve Chair Jerome Powell, whose policies she frequently criticizes.
Trump and White House allies have intensified pressure on Powell, urging the Fed to cut its key interest rate through a multi ...
Trump has called for aggressive cuts. Powell and the Federal Open Market Committee, which sets rates, have taken a wait-and-see approach on interest rates, partly due to concerns about how Trump's ...
Trump was speaking to reporters about Russian President Vladimir Putin when a cameraman spotted his hand and zoomed in for a ...
31mOpinion
The Fed's independence is key for dollar stability. Firing Powell and tariff-driven policies could impact inflation, interest ...
Treasury yields were steadier Thursday — but higher — after President Donald Trump suggested he might move to fire Federal Reserve Chair Jerome Powell, before backing off. No matter how the "Powell ...
Stock futures were mostly higher early Thursday as the market continued to shake off fears that President Donald Trump could ...
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