Trump, Powell and Fed
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Becoming a federal prosecutor was a longtime professional dream for Erika Evans, one she achieved nearly four years ago. But Evans soured on her job as an assistant US attorney in Seattle this year soon after President Donald Trump returned to the White House.
HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.
Anthropic, Google, OpenAI, and xAI recently secured Defense Department contracts worth up to $200 million. A planned executive order could put those funds in jeopardy if they don't fall in line.
Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
"As a big business owner looking at rates at 1% or 2%, I'm definitely saying, 'what do you know that I don't?'"
President Donald Trump wants the Federal Reserve to slash interest rates by three percentage points, a massive cut that could push borrowing costs back to pandemic lows. With two seats at the Fed likely opening up soon,
Governor Christopher Waller's comments come as tensions between Fed Chair Jerome Powell and President Donald Trump have reached a boiling point in recent days.
President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates.