Trump, Powell and Markets
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Commentary: Powell put the Fed and taxpayers in the redDespite losing $235 billion, Federal Reserve Chairman Jerome Powell somehow still has a job—for now. His mismanagement of the Fed has not only badly hamstrung monetary policy for years but has stuck the taxpayer with a massive bill atop a general cost-of-living crisis.
In the unlikely event that Fed Chair Powell is removed or steps down before his term ends in May 2026, we would likely see a sharp steepening in the Treasury curve as markets price in cuts, inflation risks,
Fannie Mae and Freddy Mac Chairman William Pulte issued a similar statement amid reports that Powell was considering his resignation.
A Fed chief warmer to cutting rates could have a mixed effect on equities but could weaken the U.S. dollar, increase volatility in the Treasurys market and raise longer-term rates.
President Trump’s public demand for Powell’s resignation has ignited fears of a brewing crisis at the Fed, sending crypto investors into high alert.
The latest federal data release showed nonfarm payrolls increasing by 147,000, edging down but still in line with previous readings, while adjusting April and May figures upward.
President Donald Trump stopped short of calling for Federal Reserve Chairman Jerome Powell ‘s removal during a White House meeting in which the president called Powell “terrible.” “Oh, he ...
President Donald Trump called on lawmakers to work over Fed Chair Jerome Powell for keeping interest rates elevated. In the first of two scheduled hearings on central bank policy this week, GOP Congress members left their pipes and brass knuckles at home.