Trump Calls Fed Chair Powell
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Sarah Bloom Raskin, a former Fed governor and senior fellow at the Roosevelt Institute, says the court failed to offer a sound legal basis for treating the Fed differently.
A Republican senator’s plan to take away the Federal Reserve’s power to pay banks interest on cash they park on central bank books could cause chaos for monetary policy implementation if it were implemented,
For context, one thing the central bank does is act as a bank for banks. And like a commercial bank pays interest on its clients deposits, the Fed pays interest on banks' reserves. Texas Republican Senator Ted Cruz has floated the idea of ending that practice and claims it could save $1.1 trillion over a decade.
So far this year, the Federal Reserve has kept interest rates steady. But when will that change, and how could it impact what you earn on your savings?
U.S. President Donald Trump on Thursday said he would not fire Federal Reserve Chair Jerome Powell, adding that he "may have to force something" as part of his ongoing push for the central bank to lower rates.
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Una sólida venta de títulos del Tesoro a largo plazo redujo los temores de que el creciente déficit esté llevando a los inversores a huir de los bonos. El mercado también repuntó gracias a que la inflación moderada alimentó las apuestas de que la Reserva Federal recortará las tasas de interés si la economía se desacelera.