Fed, Trump and Jerome Powell
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J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut central bank independence and increase inflation risks.
Stock futures were mixed early Thursday as investors continued to follow developments with the Federal Reserve and monitored corporate earnings from United Airlines and tech firms TSMC and Netflix. Here's what investors need to know today.
One of the top candidates to succeed Jerome Powell at the Federal Reserve said the central bank needs to coordinate more closely with the U.S. Treasury and advocated for a much more inflationary monetary policy.
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The Mirror US on MSNCNN guest issues damning warning to Donald Trump amid Fed receipts debaclePresident Donald Trump's recent concern with the Federal Reserve building left Senator Elizabeth Warren floored as she spoke to CNN about the possible insinuations
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Al Jazeera on MSNG20 finance ministers reach consensus on key economic issuesUS set to shift its approach towards G20 when it takes over group’s rotating presidency from South Africa in December.
Finance officials from the G20 emphasized central bank independence amid global economic uncertainties, such as trade tensions and extreme weather. The communique avoided directly addressing climate change or specific conflicts but highlighted the need for WTO reform and strategized on macroeconomic issues.
Former president of the Federal Reserve Bank of Cleveland Loretta Mester says it's important that the Fed stays independent and that fiscal politics should not interfere with monetary policy makers and their decisions.