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Trump may soon name pick for open Fed board seat and Fed chair nominee, but Bessent wants to stay in current roleDonald Trump said he would “shortly” announce his pick for an open seat on the Federal Reserve’s board of governors and possibly his nomine…
US president called on top Fed officials to seize control from chair Jerome Powell if he fails to cut interest ratesDonald Trump called on top Federal Reserve officials to seize control from its chair, Jerome Powell, if he fails to cut interest rates, …
Two Federal Reserve governors vote against decision as US GDP grows at an annual rate of 3% in second quarterThe US Federal Reserve left its benchmark interest rate unchanged on Wednesday, even amid intense pressure from Donald Trump to lower rates.Des…
Fed chair pushes back on Trump criticism of renovation costs as president presses central bank to cut interest ratesUS politics – live updatesDonald Trump sparred with the Federal Reserve chair, Jerome Powell, on Thursday during a rare presidential vis…
Sam Altman also said AI could already diagnose better than doctors, as his company expands into WashingtonDuring his latest trip to Washington, OpenAI’s chief executive, Sam Altman, painted a sweeping vision of an AI-dominated future in which entire jo…
The White House is trying to drive out the Federal Reserve chair. Critics warn it would be a costly bid to pass the buckMemo from the White House: inflation is “right on track”, it declared this week, citing the latest official data. Price growth is no…
In new attack, US president accuses Jerome Powell of preventing central bank from lowering interest ratesBusiness live – latest updatesDonald Trump has renewed his attacks on Jerome Powell, calling the US central bank chair a “numbskull” and accusing h…
US president has suggested the central bank mismanaged funds for renovations at the Federal Reserve headquartersThe White House is pushing for an inspection of the US Federal Reserve headquarters in Washington after Donald Trump suggested the central b…
The US president denies he would dismiss the Federal Reserve head after reportedly drafting letter to sack himDonald Trump has privately indicated he is on the verge of firing the Federal Reserve chair, Jerome Powell, rattling Wall Street and renewing …
US president has clashed with incumbent Jerome Powell, whose term is due to run for 11 more monthsBusiness live – latest updatesThe dollar has fallen to a three-year low following a report that Donald Trump is considering bringing forward the announcem…