Spooked Trump insists U.S. economy isn't in trouble as he lines up scapegoats and payroll tax cut
President Donald Trump is so convinced that his re-election depends on the economy staying strong that the merest hint of recession has sent him into political crisis management mode. Unpopular and with a middling record of legislative achievements, Trump enters the 2020 campaign season facing ...
Trump slams Fed chief as inverted yield curve signals global distress
The U.S. government bond market sounded alarms Wednesday as investors fleeing riskier assets drove the 30-year bond's yield to a record low and the 10-year yield fell below the rate on the two-year for the first time since 2007. The 10-year Treasury yield dipped as ...
Fed remains a target as economy falls short of Trump's ambitious goals
It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data show an economy in "reasonably good" shape, as the head of the central bank recently said. But behind that confusing dance ...
U.S. Federal Reserve cuts interest rates for first time since 2008
U.S. Federal Reserve Chairman Jerome Powell said Wednesday the first interest rate cut since the financial crisis was to "insure against downside risks" but didn't signal the start of a lengthy easing cycle, drawing a sharp rebuke from President Donald Trump. "We're thinking of it ...
U.S. trade uncertainties sparked business 'shock': Fed chief Jerome Powell
President Donald Trump's aggressive trade actions sparked a "shock" to business confidence that could impact the economy, and contributes to the case for cutting rates, Federal Reserve Chairman Jerome Powell said Wednesday. While sentiment has recovered some in recent weeks, businesses around the country have ...
Trump again tries to talk down Fed rate as he grooms possible successors to Jerome Powell
President Donald Trump wrapped up the weekend as he started it, jawboning the Federal Reserve to lower interest rates at a time when he may be sizing up his two latest picks for Fed governor as successors to Chairman Jerome Powell. If the Fed "knew ...
Trump thinks dollar is too strong and blames Fed policy, official says
President Donald Trump believes the dollar is too strong, and the euro is too weak, and feels the situation could be eased if the Federal Reserve lowered interest rates, a senior administration official said on Tuesday. The official also said the White House had no ...
Trump threatening to demote Fed chief, but says he has power to do so
U.S. President Donald Trump said on Sunday on NBC's "Meet the Press" news program that he has the power to demote Federal Reserve Chairman Jerome Powell but has not threatened to do so. "I didn't ever threaten to demote him," Trump said. "I'd be able ...
Fed Chairman Jerome Powell says he plans to serve full term amid Trump pressure
Federal Reserve Chairman Jerome Powell has said he intends to serve his full four-year term as head of the Federal Reserve, after the White House explored ways of removing him from the job amid criticism from President Donald Trump. "I think the law is clear ...
World's central banks poised to act as global economic warnings flash
Central banks are resuming their first-responder role as the world economy runs into trouble, even as they lack the firepower they once had at their disposal. With Australia cutting interest rates Tuesday for the first time in three years and India likely to follow Thursday, ...
Herman Cain, facing resistance from his own political party, has withdrawn from consideration for a seat on the Federal Reserve Board, U.S. President Donald Trump said on Monday. Four Republican U.S. senators in recent weeks voiced opposition to Trump's expected nomination of Cain, likely enough ...
Trump, despite solid U.S. growth, says Fed should fire up crisis-era stimulus
President Donald Trump said on Sunday that actions by the U.S. Federal Reserve have nicked U.S. economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession. Trump's latest ...
