Fed Chair Powell has used Jackson Hole to signal what's next
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The U.S. dollar drifted on Thursday as investors fretted about the Federal Reserve's independence after yet another attack from President Donald Trump ahead of remarks from Chair Jerome Powell later this week that could influence the outlook for rates.
Powell is slated to give his annual address in Jackson Hole, Wyoming, on Friday. Swaps are pricing in a high probability the Fed will cut borrowing costs by a quarter point next month. In the face of mounting pressure from President Donald Trump for hefty reductions,
The long-simmering clash between President Donald Trump and Federal Reserve Chair Jerome Powell was on full public display during a Thursday afternoon tour of the renovation site at the central bank’s headquarters in Washington,
Board members can be removed only “for cause,” which has generally been interpreted to mean that the president can’t fire them over policy differences.
President Donald Trump resumed attacks on Federal Reserve Chair Jerome Powell, this time claiming he is hurting the housing industry with high rates.
Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Policy Symposium on Friday is being billed as a pivotal, "make-or-break" moment for the central bank's more dovish contingent.
U.S. stocks closed a listless day nearly flat as investors wait for key retail earnings and an annual Fed conference for direction this week.
9hon MSN
Trump housing regulator Pulte says Fed's Cook should resign or be fired, alleging mortgage fraud
Trump has targeted the Federal Reserve and its chairman, Jerome Powell, as he pressures the central bank to slash interest rates.