News

JPMorgan's Dimon warns against 'playing around with the Fed' as Powell pressure mounts
JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve is 'absolutely critical' and that ...
Analysis-Investors Seek Protection From Risk of Fed Chief's Ouster
If market participants perceive that Fed independence is eroding, moves in financial assets could be wild, some analysts say.
Inflation picked up again in June, as Trump’s trade tariffs pushed prices higher
The White House keeps insisting that inflation is a thing of the past. The latest Consumer Price Index numbers help prove ...
Trump and Sen. Dave McCormick team up to promote energy investments in Pennsylvania
WASHINGTON (AP) — President Donald Trump and Sen. David McCormick of Pennsylvania will jointly announce roughly $70 billion ...
Trump won't fire Powell as Fed chair, says Treasury chief Bessent
Treasury Secretary Scott Bessent said Tuesday that President Donald Trump has no plan to fire Federal Reserve Chair Jerome Powell. "As President Trump said, he's not looking to fire chair Powell," ...
Inflation rising amid concerns about Trump tariffs: See latest numbers
Overall, grocery prices rose 0.3% last month and are up 2.4% from a year earlier. While that is a much smaller annual ...
Bessent: ‘Formal process’ underway to pick Powell successor
Treasury Secretary Scott Bessent on Tuesday said that the process to pick a new chairman of the Federal Reserve has started, ahead of chair Jerome Powell’s term ending in 2026 and amid growing ...
Treasury Secretary Scott Bessent says ‘formal process’ to find Jerome Powell’s successor has started
Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome Powell has already started — as the Trump administration ratchets up pressure ...