Fed chair, Jerome Powell and Trump
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Dollar gains before key Powell speech at Jackson Hole
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Fed officials cautious
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A potential candidate to succeed Federal Reserve Chair Jerome Powell, David Zervos, said that it’s inaccurate to describe the US central bank as independent, and characterized the outgoing Fed chief as aligned with the political left.
The markets expect a rate cut in September and all eyes will be on Fed Chair Jay Powell Friday at Jackson Hole. Click here to read what investors need to know.
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Trump housing regulator Pulte says Fed's Cook should resign or be fired, alleging mortgage fraud
Trump has targeted the Federal Reserve and its chairman, Jerome Powell, as he pressures the central bank to slash interest rates.