Trump, Powell and Federal Reserve System
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Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.
J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut central bank independence and increase inflation risks.
CNBC’s Leslie Picker with Bank of America CEO Brian Moynihan, join 'The Exchange' to discuss the banks quarterly results, Fed independence and his interest rate outlook.
Sen. Ron Wyden (D-Ore.) on Thursday slammed the Trump administration for not making deceased sex offender Jeffrey Epstein’s financial records available to Congress and the public. “Big
With the passage of the bill, large banks are looking into their own stablecoins or partnering with the sector, while concerns linger about state regulation, the separation of banking and commerce and the disintermediation of the banking system.
Trump just took a shot at Bank of America. Here's what he's talking about By Hugh Son,CNBC and Leslie Picker,CNBC • Published January 23, 2025 • Updated on January 24, 2025 at 5:14 pm
Trump wants Powell to lower interest rates in order to boost the economy, but the Fed chair has said the president's tariff plans have kept him from doing so.