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Hassett Says White House Probing Fed Renovation Costs, Authority to Fire Powell
U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday, adding that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.
The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
Federal Reserve Chair Jay Powell has reiterated that rate decisions will be data-driven — by inflation, and employment.
Fed Chair Jerome Powell has sketched out new conditions that could trigger rate cuts by summer’s end, but inflation remains a ...
The right to freedom of speech allows Trump to make demands of the Fed to his heart's content. But legally, he cannot compel ...
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting ...
The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.
WASHINGTON (Reuters) -Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates ...
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Federal Reserve Governor Chris Waller said on Thursday said he favors cutting the Fed's policy rate in July. He also ...
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates.
The U.S. economy added 147,000 jobs in June, beating analyst expectations, the Bureau of Labor Statistics reported.
A busy week ahead for investors will see inflation data, the debate about the Fed's next move, and the start of second ...
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