Former Treasury Secretary and former Fed Chair Janet Yellen joins 'Squawk Box' to discuss the importance of maintaining Fed independence, what the firing of Fed Chair Powell would mean for the markets,

On July 22nd, Jerome Powell, the Fed chair, responded to questions on Trump tariffs, calling it 'uncertain,' noting that possible developments could significantly alter many aspects of the upcoming economic outlook. He reiterated that interest rate decisions are highly data dependent.

Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday said the central bank's ability to set monetary policy without political interference is "very important."

For the moment, our central forecast still sees the Fed remaining on hold throughout 2025. For 2026, we have changed our base case to feature one additional rate cut in the first half, which would take the fed funds rate to neutral levels by the end of that year.

The over budget renovation of the Federal Reserve's headquarters draws criticism from the Trump administration and raises pressure on Chairman Jerome Powell.

Treasury Secretary Scott Bessent said in a social media post Monday that there should be a review of the decision to renovate parts of the Federal Reserve headquarters in Washington.

Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could equal the dot-com boom seen in the 1990s.

Treasury Secretary Scott Bessent on Monday took aim at both the Federal Reserve and the rules the Fed enforces as a supervisor of big banks. He said on X that there should be a review of the central bank’s $2.

US-Finanzminister Scott Bessent fordert eine Überprüfung der Entscheidung, Teile der Zentrale der US-Notenbank in Washington zu renovieren. In einem Beitrag auf X schrieb er: “Auch wenn ich weder Kenntnis noch Meinung zur rechtlichen Grundlage der massiven Gebäuderenovierungen in der Constitution Avenue habe,