Fed, Trump and interest rates
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The Federal Reserve kicked off its two-day policy meeting on Tuesday. Here are three key points to keep an eye on.
WASHINGTON (TNND) — President Donald Trump said he is poised to announce his pick to replace Federal Reserve Chair Jerome Powell, adding that interest rates will significantly drop as soon as a new Fed chair is at the helm.
Supreme Court to decide if Trump can fire Federal Reserve governor Lisa Cook, testing presidential authority over independent agencies in constitutional case.
(Corrects paragraph 16 to say June (not July) By Andy Sullivan WASHINGTON, Jan 12 (Reuters) - Jerome Powell, head of the U.S. Federal Reserve, said on Sunday the Justice Department has opened a criminal investigation against him for allegedly misleading Congress about a building renovation project at the central bank’s headquarters.
Newton’s third law of motion loosely says that for every action there is an equal and opposite reaction. While most kept their eyes on the circus surrounding President Donald Trump’s visit to the World Economic Forum in Davos last week, I focused on reactions to him.
With Jerome Powell's term ending in May, the Trump administration faces a key decision in its selection of a new Fed chair.