Federal Reserve

June retail sales smashed expectations, rising 0.6% month-over-month after two straight declines, signaling that U.S. consumers remain resilient despite elevated borrowing costs and tariff policy uncertainty. The latest data from the U.S. Census Bureau showed retail and food services sales climbing...

A political firestorm erupted on Wall Street Wednesday as speculations surged that President Donald Trump could fire Federal Reserve Chair Jerome Powell before his term ends, reigniting fears over central bank independence. Powell's current term runs until May 2026. Legal scholars and market...

Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independence, triggering a broad flight to gold and a sell-off...

Leading economists react to June’s Consumer Price Index report, which showed that inflation was largely in line with expectations, while speculating on what this means for Federal Reserve policy and growing tariff-related pressures. What Happened: U.S. consumer prices rose 0.3% in June, the...

President Donald Trump's repeated calls for aggressive rate cuts collided with economic reality Tuesday, as June's rising inflation dynamics offered a win—at least temporarily—for Federal Reserve Chair Jerome Powell's cautious stance. Headline inflation in June accelerated to 2.7% year over year,...

The Federal Reserve is under fire from the Trump administration over a controversial renovation project at its Washington headquarters, which has soared past its original $2.5 billion estimate. In response, Fed Chair Jerome Powell ordered a review of the project amid growing political backlash and...

Once seen as one of Wall Street's favorite bets on a Trump presidency, regional bank stocks have lagged in 2025—but renewed optimism around deregulation and cheap valuations could soon turn the tide. When Donald Trump won the presidential election for a second time in November 2024, regional bank...

A seemingly offhand remark from President Donald Trump has set off a wave of speculation in Washington and on Wall Street about the future leadership of the Federal Reserve. What To Know: During a Cabinet meeting on Tuesday, Trump accused Fed Chairman Jerome Powell of cutting interest rates in 2024...

Wall Street rose on Wednesday as investors shrugged off fresh trade uncertainty after the White House delayed the start of new tariffs to Aug. 1, raising hopes for new rounds of negotiations. This came just a day after President Donald Trump floated sweeping tariffs, including a 50% tariff on...

Sen. Elizabeth Warren (D-Mass.) and former Treasury Secretary Lawrence Summers are voicing their concerns on the provisions of the recently passed “One Big, Beautiful Bill,” warning of significant consequences for working American families. What Happened: On Tuesday, in a...

Macro strategist Craig Shapiro delivered a scathing critique of Fed Chair Jerome Powell’s performance over the years, pushing back against the growing narrative that casts his tenure in a positive light. What Happened: On Sunday, in a post on X, Shapiro argued that the Federal Reserve under...

A stronger-than-expected labor report just crushed any hopes that the Federal Reserve would lower rates this month—despite speculation from Wall Street and direct demands from President Donald Trump. In June, the U.S. economy added 147,000 jobs, topping forecasts, while the unemployment rate ticked...

As President Donald Trump pressures Federal Reserve Chair Jerome Powell to cut interest rates, his newly passed tax-and-spending bill may be making that goal harder to achieve. What Happened: The Trump administration's proposed tax bill, which supporters dubbed the “Big Beautiful Bill,...