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Trump will likely fire Fed's Jerome Powell

Asian shares are mostly higher after Trump says he discussed firing Fed Chair Powell

Asian shares are mostly higher while U.S. futures slipped after President Donald Trump rocked Wall Street by saying he had "talked about the concept of firing" the head of the Federal Reserve.

CBS News on MSN · 13h

Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell

Washington — President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in the room voiced approval. Several sources said Mr. Trump indicated he will do it. Mr. Trump on Wednesday confirmed to reporters in the Oval Office that he spoke to lawmakers about ousting Powell.

The Associated Press on MSN · 2h

Republican senators caution Trump against firing Fed chair Jerome Powell

WASHINGTON -- WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear the repercussions if President Donald Trump follows through with threats to try and remove the politically independent central banker.

Trump urges Fed to lower interest rates

Public Broadcasting Service (PBS) · 1d

How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision

A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.

Fortune on MSN · 20h

Stocks sell off as investors see Trump’s inflation ‘pipeline’ forcing the Fed to hold off on interest rate cuts

Inflation is up, stocks are down, and more tariffs are on their way. Trump wants interest rates to come down but the direction of travel is making it less likely that the Fed will deliver the cuts he wants.

CBS News · 1d

Trump urges Fed to lower interest rates as new inflation data shows slight rise

President Trump is urging the Federal Reserve to lower interest rates following the release of Consumer Price Index (CPI) data for June, which shows a 0.3% increase. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.

Axios on MSN1d

How the Fed sets rates — and why Powell can't move rates alone

President Trump's war on Federal Reserve chair Jerome Powell is taking on a more aggressive form, bringing Trump a step ...

10h

Trump has wanted to fire Federal Reserve Chair Jerome Powell. A costly Fed renovation project could provide the reason.

The White House is looking for any possible way to discredit Jerome Powell right now," said Stephen Moore, an informal Trump ...

29m

GOP senators warn Trump that firing Powell would send ‘shock wave’ through economy

Senate Republicans are warning President Trump that it would be a big mistake to follow through on his threat to fire Federal ...

12hon MSN

Trump eyes opportunity to oust Powell in $700 million overrun on Fed building extension

When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is." ...

6hon MSN

The Fed Building Renovation at the Heart of Trump’s Efforts to Oust Powell

The yearslong project to spruce up central bank buildings in Washington, D.C., received little attention until recently ...

1don MSN

Jamie Dimon just sent Donald Trump a warning about meddling with the Fed

Trump has been highly critical of Jerome Powell this year, pressuring him to cut rates. The Fed Chair has said he's awaiting further clarity on inflation.

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