Amid rising scrutiny, Fed Chairman Jerome Powell's focus on the dual mandate raises questions about the often-overlooked third mandate: long-term interest rates. Experts warn its omission could jeopardize economic stability.
In a striking accusation, Trump's budget chief, Russell Vought, claims Fed Chairman Jerome Powell has mismanaged a $2.5 billion renovation. This raises questions about compliance with federal regulations and the future of Powell's position.
In a surprising turn, stock futures surged after President Trump announced he won't fire Fed Chairman Jerome Powell. The Dow jumped 664 points, while trade tensions with China continue to loom.
The Trump administration's recent tariffs on over 180 countries are anticipated to raise inflation and decelerate economic growth, as warned by Federal Reserve Chairman Jerome Powell. With significant tariffs imposed, including a staggering 54% on Chinese exports, recession fears loom larger than ever.
