Fed, Trump and Jerome Powell
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MiBolsilloColombia on MSNGOP senators push back on Powell ouster, warn of market turmoilRepublican senators warned Trump not to fire Fed Chair Jerome Powell, citing risks to market stability and the Fed’s independence.
A potential ouster of Federal Reserve chair Jerome Powell by U.S. President Donald Trump could "collapse" both the currency and bond markets and would lead to a spike in inflation expectations, Deutsche Bank said on Friday.
The potential ouster of Federal Reserve (Fed) chair Jerome Powell by President Donald Trump will likely drive the 30-year Treasury yield higher by more than half a percentage point, according to Deutsche Bank AG strategists.
Stocks sold off sharply intraday after multiple reports suggested President Trump is considering firing Fed Chair Jerome Powell.
As the Federal Reserve marks its 75th anniversary, investors eagerly anticipate Chair Jerome Powell's address, which is expected to influence market trends.
The 30-year Treasury has tumbled in July as investors mull over US inflation, the government spending outlook and the path for Fed interest-rate cuts. Last week’s consumer inflation figures sparked a selloff that pushed the 30-year yield above 5% for the first time since June. On Tuesday, it hovered around 4.95%.