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A Fed chief warmer to cutting rates could have a mixed effect on equities but could weaken the U.S. dollar, increase ...
However, Powell’s term as Fed governor is till January 2028, allowing him to legally be a part of monetary policy decisions ...
President Donald Trump said on Tuesday that Treasury Secretary Scott Bessent could be a candidate to replace Federal Reserve Chairman Jerome Powell, but suggested that might not happen. After landing ...
Excluding the volatile food and energy categories, core inflation increased 2.9% in June from a year earlier, up from 2.8% in ...
This comes amid Trump's repeated displeasure with Powell, which stems from the POTUS repeatedly urging the Fed to cut its key rate.