Trump says it’s “highly unlikely” he fires Fed Chair Jerome Powell – CBS News Watch CBS News President Trump on Tuesday night privately floated firing Federal Reserve Chairman Jerome Powell, then publicly backed away on Wednesday. CBS News chief White House correspondent Nancy Cordes reports. Be the first to know Get browser notifications for breaking … Read more
Trump addresses reports he wants to fire Fed Chair Jerome Powell, Epstein files and more – CBS News Watch CBS News President Trump took questions from reporters during a meeting in the Oval Office with Bahrain Crown Prince Salman bin Hamad Al Khalifa. Mr. Trump said it’s “highly unlikely” he would fire Federal Reserve Chairman … Read more
Washington — President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in the room voiced approval, according to multiple sources with direct knowledge. Several said Mr. Trump indicated he will do it. Mr. Trump made the comments to the Republican House members … Read more
Employers across the U.S. added 147,000 jobs in June, with the labor market remaining resilient despite slowing economic growth this year. The numbers Job growth was stronger than expected in June. Payroll gains sailed past the 115,000 predicted by economists polled by financial data firm FactSet. The unemployment rate ticked down to 4.1% from 4.2% in … Read more
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank has held off on lowering interest rates this year because of President Trump’s tariffs. Speaking at a gathering of central bankers in Portugal, Powell said “I think that’s right” in response to a moderator’s question about whether the Fed would have cut its … Read more
Fed Chair Powell says Trump tariffs delayed interest rate cuts – CBS News Watch CBS News Federal Reserve Chair Jerome Powell said Tuesday the Trump administration’s tariffs led the Fed to put interest rate cuts on hold. CBS News MoneyWatch correspondent Kelly O’Grady reports. Be the first to know Get browser notifications for breaking news, … Read more
Fed Chair Powell says Trump tariffs delayed planned interest rate cut – CBS News Watch CBS News Federal Reserve Chair Jerome Powell said Tuesday the Trump administration’s tariffs led the Fed to put a planned interest rate cut on hold. CBS News MoneyWatch correspondent Kelly O’Grady reports. Be the first to know Get browser notifications … Read more
Fed Chair Powell says economy is in a solid position despite uncertainty – CBS News Watch CBS News Federal Reserve Chairman Jerome Powell gave his take on the state of the economy Wednesday as he testified before the Senate Banking Committee. CBS News senior business and technology correspondent Jo Ling Kent has more. Be the … Read more
Rep. Robert Garcia elected top Democrat on House Oversight Committee – CBS News Watch CBS News Rep. Robert Garcia of California has been elected as the top Democrat on the House Oversight Committee, becoming one of his party’s most visible foils to the Trump administration. Political strategists Joel Payne and Matt Gorman, along with CBS … Read more
Fed Chair on why rates stayed steady Fed Chair Jerome Powell explains why rates stayed steady, unlike in December 05:11 Federal Reserve Chair Jerome Powell reiterated his view that the central bank should keep interest rates steady for now, citing inflation risks from U.S. tariffs. Powell, who made his remarks in prepared testimony Tuesday before the … Read more