News

Dollar struggles as Fed rate-cut bets build; bitcoin soars to record high

The U.S. dollar languished at multi-week lows against major peers on Thursday as traders ramped up bets for the Federal ...

Trump calls on the Federal Reserve board to take full control of the central bank from Powell

President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.

Trump Favors Short-Term Fed Pick to Preserve Powell Succession Options

President Trump said he would announce later this week his pick to fill an unexpected vacancy on the Federal Reserve’s board ...
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Federal Reserve likely to stand pat on rates this week, deepening the ...

President Donald Trump, left, speaks with Federal Reserve Chairman Jerome Powell during a visit to the Federal Reserve, Thursday, July 24, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson) ...

Who’s next to chair Fed after Powell? From Michelle Bowman to Philip Jefferson, Trump admin eyes potential candidates

The Federal Reserve is considering candidates including Michelle Bowman and Philip Jefferson to succeed Jerome Powell as ...

Inflation likely moved higher last month as tariffs bite, putting the Fed in bind

Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, ...

How Jerome Powell Played Biden’s Climate Games While Inflation Ran Rampant

The Federal Reserve failed to prioritize its core mission to combat inflation while embracing the Biden administration’s ...

Jerome Powell hit with a criminal referral over Fed's $2.5B renovation project — what it might mean for your nest egg

Federal Reserve Chair Jerome Powell faces a criminal referral from Republican Congresswoman Anna Paulina Luna — the latest ...