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If Trump fires Jerome Powell and replaces him with someone more politically pliant, ‘it could be something that backfires on Trump spectacularly,’ researcher says
It’s also unclear how much interest rate cuts can ‘stem the bleeding’ from tariffs, Renaissance Macro’s Neil Dutta said.
Stocks volatile after Trump pressures Powell for rate cuts, Tesla earnings on tap: Live Updates
The Dow, S&P 500 and Nasdaq Composite look to rebound after a sharp selloff Monday following another slap on Federal Reserve ...
To Understand Trump’s Frustration With Powell, Look At His Real Estate Loans
Trump nominated Jerome Powell to lead the Federal Reserve in 2017, then quickly turned on him. Drew Angerer/. Angered about ...
Jerome Powell insists the Fed’s independence is enshrined in law. The Supreme Court might change that
The independence of the U.S. Federal Reserve is often cited as a major reason America is one of the best places in the world ...
Fed chair warns of high inflation and slow economic growth. What is stagflation?
Financial experts worry the tariffs will slow the economy and increase inflation, leaving the Fed in a difficult position.