Explore more
White House, Jerome Powell and Fed
Digest more
Powell, Trump
Digest more
The president’s attacks on the independence of the Federal Reserve could further harm the dollar’s status as the preeminent international reserve currency, making credit dearer rather than cheaper.
A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington, DC.
Trump hopes to get lower rates by replacing Fed Chair Jerome Powell with someone who would do what the president wants. But Powell’s term as chair does not end until May 2026. He’s insisted he won’t resign early.
21hon MSN
Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.
President Donald Trump has frequently voiced dissatisfaction with the Fed’s “wait-and-see" approach to lowering interest rates under Powell.
Saints Wire on MSN1h
Countdown to Kickoff: Tyreem Powell is the Saints Player of Day 57Undrafted rookie linebacker Tyreem Powell may have the ideal attributes for Brandon Staley's version of the Saints defense. He's the Player of Day 57.
The nonprofit purchased the plant for $11 million to create a space for people with invisible disabilities. “When we say invisible disabilities think things like autism, PTSD, epilepsy, dementia,” Sease said.
LAS VEGAS — In the wake of the Los Angeles Clippers trading him ahead of a possible extension, and in light of the Clippers effectively swapping him out for the less-playoff-proven option of John Collins, Norman Powell had plenty to say about detractors upon his arrival to the Miami Heat.
Feedback