Charles Plosser, the former president of the Federal Reserve Bank of Philadelphia, has passed away at the age of 76. Known for his firm stance against the Fed’s easy-money policies following the 2008 crisis, Plosser leaves behind a legacy defined by his dedication to principled monetary oversight.
President Donald Trump has called for the resignation of a top Federal Reserve official amid allegations of mortgage fraud. The accusations came to light in a letter sent to the Justice Department by Bill Pulte, the Director of the Federal Housing Finance Agency, urging an investigation into the matter.
In a candid interview with Fox News, President Donald Trump revealed a brutal nickname for Federal Reserve Chairman Jerome Powell, intensifying his criticism over interest rate policies. The remarks highlight ongoing tensions between the White House and the Federal Reserve concerning U.S. monetary policy decisions.
The Trump administration is ramping up efforts to remove Federal Reserve Chair Jerome H. Powell, introducing new arguments to justify this unprecedented move. This escalation highlights the growing tensions between the White House and the central bank leader.
Former President Donald Trump has unleashed a scathing attack on Federal Reserve Chairman Jerome Powell, calling him “very dumb” and “hardheaded.” In his tirade, Trump is urging the Federal Reserve to implement a substantial three-point reduction in its benchmark interest rate.
Mortgage interest rates eased this week as the Federal Reserve maintained short-term rates, hinting at potential cuts in the fall. The average 30-year fixed-rate mortgage fell eight basis points to 6.86%, offering a glimmer of hope for prospective homebuyers.
The Federal Reserve has lifted the restrictions imposed on Wells Fargo following its 2018 fake-accounts scandal, marking a significant turning point for the bank.
As trade tensions unsettle markets and cloud economic forecasts, the Federal Reserve is expected to keep interest rates unchanged. Despite pressure from President Trump, the Fed chooses caution, aiming to navigate economic uncertainty without altering monetary policy.
As President Trump’s tariffs take effect, the U.S. economy faces the dual threat of slowing growth and rising inflation. This stagflationary pressure presents a significant challenge for the Federal Reserve, which must navigate this economic conundrum.
