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Trump's Clash With Fed Chair Powell Over Interest Rates Could Backfire in the Mortgage Market
On Monday morning, Trump again lashed out at Powell on his Truth Social, calling the Fed chair "a major loser" and demanding he lower interest rates "NOW." The stock market, which had begun to calm from tariff-induced panic, quickly plunged, with the S&P 500 closing down 2.3%.
Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S.
Austan Goolsbee, the Chicago Fed chief, defended the central bank's independence in a Sunday morning talk-show interview.
Trump blasted Powell for not cutting interest rates and once again suggested he could remove him as Fed Chair.
Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S.
Treasury Secretary Scott Bessent said President Trump will not reduce tariffs on China without an agreement by both ...
President Donald Trump has once again slammed Federal Reserve Chair Jerome Powell over high interest rates, calling for the ...
U.S. stocks ended the Wednesday session higher after President Donald Trump was seen dialing back his rhetoric on the Federal ...
U.S. Treasury Secretary Scott Bessent on Monday said the White House will start interviewing candidates this fall to succeed ...
Treasury Secretary Scott Bessent on Monday said the White House will start interviewing candidates this fall to succeed Federal Reserve Chair ... the Fed’s role as a bank regulator.
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