News

Trump says Powell costs US $900B a year in interest by not cutting rates. Is he right?
President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt.
Fed's Powell accused of misleading Senate by FHFA head Pulte, who calls for probe
Federal Reserve Chair Jerome Powell is facing calls for a congressional investigation from Federal Housing Finance Agency ...
Fannie Mae, Freddie Mac boss urges Congress probe Fed’s Jerome Powell over ‘deceptive’ testimony on ‘Palace of Versailles’ $2.5B HQ
FHFA Director William Pulte demanded that Powell be probed by lawmakers and suggested he could even be fired by President ...
Fed Chair Powell confirms tariff concerns prevented interest rate cuts so far this year
Fed Chair Jerome Powell said tariff concerns delayed interest rate cuts, stating the central bank would have likely reduced ...
Powell reiterates Fed will wait for more data before cutting rates
U.S. Federal Reserve chair Jerome Powell reiterated the U.S. central bank plans to "wait and learn more" about the impact of ...
Fed Chair Jerome Powell accused of lying to Congress over $2.5B ‘Palace of Versailles’ HQ revamp
There’s no VIP dining room, there’s no new marble. There are no special elevators,” Powell insisted under questioning from ...
Trump sends 'Mr. Too Late' Jerome Powell fiery note spelling out interest rate failures costing US a 'fortune'
Trump criticizes Fed chair Powell for keeping rates "artificially high," sending him a chart comparing global rates and ...
Trump administration eyes Fed vacancy in early 2026 to appoint Powell successor, Bessent says
The Trump administration is considering using the next expected Federal Reserve Board of Governors vacancy in early 2026 for ...