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Today: July 20, 2025
Today: July 20, 2025

Federal Reserve

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Trump says Powell is costing the US a fortune by not lowering rates. But firing the Fed chair may not fix the issue

Trump says Powell is costing the US a fortune by not lowering rates. But firing the Fed chair may not fix the issue

Trump says Powell is costing the US a fortune by not lowering rates. But firing the Fed chair may not fix the issue
Arts|Economy|Education|Environment|Finance|Science|Technology

Trump appointees pushed more marble in Fed building renovation White House now attacks

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

Trump appointees pushed more marble in Fed building renovation White House now attacks
Arts|Business|Economy|Environment

Trump appointees pushed for marble in Fed renovation project

President Donald Trump's appointees to a Washington project review board pushed the Federal Reserve five years ago to use more marble for a renovation project at its

Trump appointees pushed for marble in Fed renovation project
Business|Economy|Finance

Fed's Goolsbee: new tariff announcements may delay rate cuts

Chicago Federal Reserve Bank President Austan Goolsbee on Friday said the constant "drip drip" of new tariff announcements undercuts the idea that tariffs have only a one-time impact on

Fed's Goolsbee: new tariff announcements may delay rate cuts
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S&P, Nasdaq end on subdued note after brief dip on latest Trump tariff rumbling

The S&P 500 and Nasdaq Composite ended little changed on Friday, overcoming a brief dip triggered by a Financial Times report indicating U.S.

S&P, Nasdaq end on subdued note after brief dip on latest Trump tariff rumbling
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Waller says he's willing to lead Fed if Trump asks, but no contact so far

Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S. central bank

Waller says he's willing to lead Fed if Trump asks, but no contact so far
Business|Economy|Finance|World

Dollar slips against euro but maintains weekly gains

The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may

Dollar slips against euro but maintains weekly gains
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Positive surprises and new stock records

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets  For all the persistent questions and doubts about what happens next,

Positive surprises and new stock records
Business|Economy|Finance

Hedge funds favour short-dated, convertible bonds if Fed's Powell leaves early

Hedge funds say they are prepared if U.S. President Donald Trump fires Federal Reserve Chair Jerome Powell before his term expires next year.

Hedge funds favour short-dated, convertible bonds if Fed's Powell leaves early
Business|Economy|Finance

Fed's rate-cut delay intact as inflation fears override Trump pressure

The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh

Fed's rate-cut delay intact as inflation fears override Trump pressure
Business|Economy|Political|US|World

The Latest: House prepares to advance cuts on public broadcasting and foreign aid

The House is expected to approve President Donald Trump’s request to claw back about $9 billion in already appropriated funding for public broadcasting and foreign aid

The Latest: House prepares to advance cuts on public broadcasting and foreign aid
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Federal Reserve's Waller says central bank should cut rates at next meeting

A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts

Federal Reserve's Waller says central bank should cut rates at next meeting
Business|Economy|Finance

Fed's Waller wants July interest rate cut amid rising growth, job market risks

By Michael S.

Fed's Waller wants July interest rate cut amid rising growth, job market risks
Business|Economy|Finance|Political|Stock Markets|US

Fed's Powell responds to White House on Fed headquarters renovation

Federal Reserve Chair Jerome Powell on Thursday responded to a Trump administration official's demands for information about cost overruns for a renovation project at the central bank's

Fed's Powell responds to White House on Fed headquarters renovation
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Federal Reserve says building renovation complies with law, defends costs

Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from those plans

Federal Reserve says building renovation complies with law, defends costs
Business|Economy|Finance|Political

Powell defends $2.5 billion Fed renovation in a point-by-point response to the Trump administration

Powell defends $2.5 billion Fed renovation in a point-by-point response to the Trump administration

Powell defends $2.5 billion Fed renovation in a point-by-point response to the Trump administration
Arts|Business|Economy|Environment

The Fed building renovations at the center of Trump's fight with Powell: Five things to know

The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington, D.C., has become the latest flashpoint in the Trump administration's

The Fed building renovations at the center of Trump's fight with Powell: Five things to know
Business|Economy|Finance|Technology

House sends bill regulating stablecoins, a type of cryptocurrency, to Trump

The House has passed two bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Donald Trump has pushed to make the U_S_ the “crypto capital of the world.”

House sends bill regulating stablecoins, a type of cryptocurrency, to Trump
Business|Economy|Finance|World

Wall Street cruises to more records as PepsiCo and tech stocks rally

Wall Street rose to more records following some better-than-expected updates on the economy

Wall Street cruises to more records as PepsiCo and tech stocks rally
Business|Economy|Finance|Stock Markets|Technology|US

S&P 500, Nasdaq end at fresh record highs as data, earnings point to consumer strength

The S&P 500 stock index and the Nasdaq Composite both finished at record highs on Thursday, as investors embraced strong economic data and earnings reports that showed

S&P 500, Nasdaq end at fresh record highs as data, earnings point to consumer strength
Business|Economy|Finance|Stock Markets|Technology|World

Equities and dollar rise with encouragement from economic data and earnings

Equities advanced on Thursday with the S&P 500 and the Nasdaq registering record closing highs and the dollar rose as investors were

Equities and dollar rise with encouragement from economic data and earnings
Business|Economy|Finance|Political|Stock Markets

Ex-Fed Governor Warsh says new accord between Treasury, central bank needed

Former Federal Reserve Governor Kevin Warsh, seen as a potential successor to Fed Chair Jerome Powell, said on Thursday there needs to be a new accord between the Treasury Department and

Ex-Fed Governor Warsh says new accord between Treasury, central bank needed
Business|Economy|Finance

Average long-term US mortgage rate rises to 6.75%, second straight uptick

The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospective homebuyers

Average long-term US mortgage rate rises to 6.75%, second straight uptick
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Dollar gains broadly; yen dips before election Japan election

The dollar rebounded broadly on Thursday following a turbulent session on Wednesday when U.S.

Dollar gains broadly; yen dips before election Japan election

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