Fed chair Jerome Powell brushes off possibility Trump could fire Fed officials: ‘Well, it’s pretty clearly not allowed under the law’
Federal Reserve Chair Jerome Powell reiterated that he doesn’t believe the president of the United States has the authority ...
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Federal Reserve's Jerome Powell says there's no need to rush on interest rate cuts
Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair ...
Warren, Waters question Fed chair on proposal ‘upending’ bank stress test framework
Sen. Elizabeth Warren (D-Mass.) and Rep. Maxine Waters (D-Calif.) teamed up to question the Federal Reserve’s proposal to ...
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LIVE: Federal Reserve Chair Jerome Powell to testify before House Committee on Monetary Policy Report
The House Financial Services Committee will hold a hearing Wednesday morning on “The Federal Reserve’s Semi-Annual Monetary Policy Report.” ...
World Street | Sam Altman rejects Musk's offer for OpenAI, Hong Kong IPOs to raise $5.5 billion, Meta job cuts in focus, and more
From Ford CEO Jim Farley criticizing Trump’s tariffs, to CATL eyeing Hong Kong’s largest stock offering in four years, here’s ...
Inflation heated up in January, new data show
Inflation heated up more than expected in January, as prices continued to weigh on Americans in 2025, potentially complicating President Trump’s agenda. A key gauge of inflation — the consumer price ...
US President cannot remove a Fed board member under the law, says Jerome Powell
The U.S. president has no legal authority to remove a member of the Board of Governors of the Federal Reserve System, Fed ...
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BlackRock, FDIC seek to end regulatory row over bank stakes
BlackRock and the Federal Deposit Insurance Corp. are trying to resolve a months-long dispute over the asset manager’s stakes ...
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OCC exits Network for Greening Financial System
The Office of the Comptroller of the Currency announced Tuesday it had withdrawn from an international body devoted to ...
US inflation worsened last month with cost of groceries and gasoline rising
U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore ...
Stock market today: Wall Street sinks after worse inflation data
U.S. stocks are falling after a report said inflation is unexpectedly getting worse for Americans. The S&P 500 lost 0.9% ...
Is there anyone in government Trump can’t fire? Why Humphrey’s Executor may be in peril at the Supreme Court
President Donald Trump’s purge at independent agencies is putting a target on a nearly 100-year-old Supreme Court precedent that protects certain officials from the political whims of the White House.