Donald Trump has now claimed that he will be demanding lower interest rates, and has brought in a challenging situation for US Federal Reserve Chair Jerome Powell. What is Trump planning next?
President Donald Trump fired the inspectors general from more than a dozen federal agencies in a Friday night purge, according to a Trump administration official, paving the way for him to install his own picks for the independent watchdog roles.
The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary. Bessent has said the U.S. faces economic calamity if Congress does not renew key provisions of Trump’s Tax Cuts and Job Act that are set to expire Dec.
President Donald Trump on Thursday said he would press the Federal Reserve to lower interest rates “immediately,” rekindling a fight over the historically independent U.S. central bank.
Inflation was a driving force behind Donald Trump’s election, but he’s put the issue on the back burner during his first week in office.
President Donald Trump filled a key role in his cabinet Monday when the Senate confirmed Scott Bessent, a Wall Street veteran, as Treasury Secretary.
US President Donald Trump on Monday announced plans to levy tariffs on imports of computer chips, pharmaceuticals, steel, aluminum, and copper. The purpose is to bring production to the United States, boosting domestic manufacturing and aiding the production of military hardware.
Federal Reserve likely to keep interest rates steady amid Trump's push for lower rates, despite economic uncertainty.
The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan. "They've got a new administration with a new set of fiscal policies,
Scott Bessent, a Wall Street veteran who was born and raised in South Carolina, has defended the Republican president Donald Trump's tax-cutting and tariff proposals while urging efforts to secure supply chains and the dollar's global status.
Investors this week will be keenly watching how or if the Federal Reserve and the bond market cooperate with Donald Trump’s order for lower interest rates.