Breitbart Business Digest: Trump Is Not Going to Force Powell Out of the Fed
Donald Trump is not going to try to remove Jerome Powell as the head of the Federal Reserve or control monetary policy from the White House.

Donald Trump is not going to try to remove Jerome Powell as the head of the Federal Reserve or control monetary policy from the White House.
Michael Barr has accused Trump of damaging the banking system. Does it make sense for him to stay on as the Fed’s top bank regulator in a new Trump administration?
Breitbart News economics editor John Carney said Friday on Fox Business Network’s “Kudlow” that President-elect Donald Trump will have the power to remove Federal Reserve Chairman Jay Powell once in office.
The Fed now seems a bit less confident about inflation returning to its two percent target.
During CBS’s coverage of Tuesday’s election, CBS “Face the Nation” host and CBS Chief Foreign Affairs Correspondent Margaret Brennan said the president “has nothing to do” with grocery prices and voters who “don’t quite know” what the head of the Federal
The latest economic data suggests that the Federal Reserve should halt any further rate cuts.
The Fed’s cut is being reversed in the mortgage market.
Breitbart News economics editor John Carney said Thursday on Fox Business Network’s “Kudlow” that the politicization of the Federal Reserve is cemented in its decision to cut interest rates so close to an election.
After the Fed’s surprise 50-basis-point cut in September, the burning question now is whether the central bank overplayed its hand.
The Federal Reserve’s 50-basis-point rate cut in September wasn’t just premature—it was driven by political pressures.
During an interview with CNBC on Thursday, Treasury Secretary Janet Yellen responded to a question on if she thinks the Federal Reserve has rates that are too high by stating that the Fed’s members expect rates to be cut and
Fed officials now think it will take a higher rate to sustainably achieve two percent inflation.
We have discovered something that the supporters of Kamala Harris and Donald Trump agree on: the Federal Reserve’s half-point interest rate cut this week was a political gift to Harris.
Contrary to the president’s claim, Biden appointed Powell to lead the Fed for a second term in 2021 and has met with the chair multiple times.
The Federal Reserve’s decision on Wednesday to begin lowering interest rates raises the question of how fast rates should be expected to decline.
On Wednesday’s broadcast of CNN International’s “First Move,” CNN Business Editor-at-Large, International Business Correspondent, and host Richard Quest stated that 2024 Republican presidential candidate former President Donald Trump has a point that the Federal Reserve is “either playing politics or you’ve
On Wednesday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart News economics editor John Carney stated that the Federal Reserve should have waited until after the election to make rate cuts and that by announcing a cut of 50 basis points
Fed policy is not formally on the ballot in November, but interest rates over the next four years may turn on the results of the election.
Fed officials now see more unemployment and less inflation this year and next year.
As the Fed prepares to cut rates again, it’s worth remembering that rate cuts are never free, even when they seem like an easy fix. For the market, it’s always fun while it lasts, but the reckoning is rarely far behind.
If the Biden-Harris administration’s policies are not hurting the economy, why are prominent Democrats urging the Federal Reserve to announce a super-sized interest rate cut?
Someone call in the vice principal for student discipline! The market is bullying the Federal Reserve again.
The federal funds futures market is pricing in a cut in each of the remaining three meetings of the Federal Open Market Committee this year.
Cutting rates too quickly could lead to a resurgence of inflation, forcing the Fed into a tighter monetary policy stance down the road.
Powell says Fed needs to cut to prevent further weakening of the labor market.
Absent some economic catastrophe, there’s almost no chance of an emergency rate cut in August.
On Monday’s broadcast of “CNN News Central,” Rep. Adam Smith (D-WA) responded to the tumble in the stock market by stating that the Federal Reserve needs to cut interest rates and “inflation is down pretty close to zero. And now,
Vice President Kamala Harris’s campaign on Friday blamed former President Donald Trump for the recent spike in the unemployment rate — under her and President Joe Biden’s administration.
Democrats on Friday urged the nation’s central bank to cut interest rates now as the unemployment rate surged.
Leftists are desperate for the Federal Reserve to cut interest rates because they hamper the “country’s ability to combat the climate crisis.”
Donald Trump on Wednesday threw a monkey-wrench into the plans of Democrats to claim he wants to cut Social Security when he proposed ending federal taxes on the benefits of retirees.
Will Fed officials stick by their forecast of a single rate cut this year or capitulate to financial markets that are pricing in multiple cuts this year?
Economic growth picked up more than expected in the spring, not only undermining the case for rate cuts but also raising the possibility that the Federal Reserve still has not done enough to cool the economy off to bring inflation down to its two percent target.
On Friday’s broadcast of NPR’s “Morning Edition,” Chicago Federal Reserve Bank President Austan Goolsbee stated that while the May and June inflation reports were “excellent” ones, the frustration that he often hears that “I go to the grocery store. It
A Fed rate cut on the eve of the election would inevitably be seen as a partisan political gift to incumbent Joe Biden and would invite backlash from Republicans.
The biggest underpriced risk in the market is still a hike from the Federal Reserve.
The Fed has finally come around to the idea that interest rates are very likely to be higher for as far as the eye can see.
Fed officials sharply reduced the number of rate cuts they expect this year, confirming indications that the Federal Reserve is likely to hold its interest rate higher for longer.
All eyes will be on the dots tomorrow when the Federal Reserve releases its quarterly economic forecasts known as the Summary of Economic Projections, or SEP.
The rise in longer-term inflation expectations are likely to add weight to the argument that the Fed should keep its policy rate at current levels rather than cut later this year.