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Fed Likely To Hold Interest Rates Steady In June Policy Meeting Despite Trump Slamming Jerome Powell, Saying 'We Can't Get This Guy To Do It'
Friday, June 13, 2025 - 7:28am | 663The Federal Reserve is widely expected to maintain its benchmark interest rate in the 4.25%-4.50% range at next week’s policy meeting, as policymakers weigh recent soft inflation data against ongoing uncertainty from President Donald Trump‘s trade policies and demands for aggressive...
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Trump And JD Vance Push Fed To Slash Interest Rates After Mild Inflation Report, Calling Current Policy 'Monetary Malpractice'
Thursday, June 12, 2025 - 4:46am | 574President Donald Trump and Vice President JD Vance intensified pressure on Federal Reserve Chairman Jerome Powell to cut interest rates by a full percentage point Wednesday, following the release of cooler-than-expected May inflation data that showed consumer prices rising just 0.1% monthly. What...
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Jeremy Siegel Backs Ted Cruz's Plan To End Fed Interest Payments On 'Excess Reserves,' Potentially Saving $2 Trillion In Deficits: 'Not A Trivial Concern'
Tuesday, June 10, 2025 - 6:52am | 563After Sen. Ted Cruz (R-Texas) pushed for abolishing the interest paid by banks on their deposits with the Federal Reserve, senior economist Jeremy Siegel supported his arguments, whereas the JPMorgan Chase & Co. strategists opposed the idea, warning of serious implications. What Happened: Cruz...
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'Collapse In Immigration' Poses A Bigger Economic Threat Than Trump's Tariffs, Warns Deutsche Bank: 'Negative Supply Shock Is Not Good News For A Currency'
Monday, June 9, 2025 - 4:46am | 578Deutsche Bank has indicated that the ongoing immigration crackdown and subsequent decline in numbers is causing a more severe negative supply shock to the economy than the tariffs imposed by President Donald Trump. What Happened: Since Trump’s inauguration, monthly encounters at the Southwest...
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EXCLUSIVE: Should Fed Chair Powell Resign? Here's What Benzinga Readers Said
Thursday, June 5, 2025 - 12:37pm | 843Jerome Powell is scheduled to be the Federal Reserve Chairman through May 2028, but an ongoing conflict with President Donald Trump has put his time in the role into question. A new Benzinga poll shows whether readers think Powell should step down from the position. What Happened: Trump and Powell...
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Debt Ceiling: How The Fed Fuels Washington's Spending Spree, 'Ending It Is Probably A Good Thing,' Says Expert
Thursday, June 5, 2025 - 6:28am | 658Economist Craig Shapiro argues that the debt ceiling, a mechanism only used by the U.S. and Denmark, fails to curb excessive government spending and instead creates political theater every few years. What Happened: Shapiro, who is a macro strategist at the Bear Traps Report highlights the Federal...
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US Stocks Likely To Open On A Mixed Note After Dow Snaps Four-Day Run: 'Powell And The Fed Are Doing The Right Thing Holding Rates,' Says Expert
Thursday, June 5, 2025 - 5:50am | 1685U.S. stock futures were flat on Thursday after a mixed close on Wednesday. Futures of major benchmark indices were mixed in premarket. The tepid move followed ADP data showing that the private payroll additions tumbled in May as weak consumer sentiment and trade policy uncertainty weighed on hiring...
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Trump Can't Demand Lower Rates While 'Creating Inflation' With Tariffs And Money Printing, Says Ross Gerber — Backs Fed's Patience
Thursday, June 5, 2025 - 12:05am | 784Ross Gerber, the CEO of Gerber Kawasaki Wealth & Investment Management, is throwing his weight behind the Federal Reserve’s decision to hold the rates, while sharply criticizing President Donald Trump’s trade and tariff policies, alongside the fiscal expansion that is resulting in...
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Fed Governor Lisa Cook Warns Tariffs Could Undermine Inflation Progress And Delay Interest Rate Cuts Amid Rising Economic Uncertainty
Wednesday, June 4, 2025 - 8:02am | 519Federal Reserve Governor Lisa Cook has expressed concerns about the path of inflation, cautioning that new tariffs might reverse recent gains and bring uncertainty into future interest rate decisions. What Happened: Speaking at the Council on Foreign Relations in New York on Tuesday, Cook noted...
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Wells Fargo Stock Is Rising After Hours: What's Going On?
Tuesday, June 3, 2025 - 6:08pm | 501Wells Fargo & Co (NYSE:WFC) shares are rising in Tuesday’s after-hours session after the company announced it’s no longer subject to asset growth restrictions imposed in 2018. What Happened: Wells Fargo said the board of governors of the Federal Reserve determined that Wells Fargo...
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US Stocks Likely To Open Lower: Expert Highlights Technical Analysis Showing S&P 500's 'Recovery Is Real' And Not A 'Bull Trap' Or 'Bear Market Rally'
Tuesday, June 3, 2025 - 5:37am | 1592U.S. stock futures fell on Tuesday, pulling back after a higher close on Monday. Futures of major benchmark indices declined in premarket. Trade tensions escalated as China’s Commerce Ministry dismissed President Donald Trump‘s allegations that Beijing had violated the Geneva trade...
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Federal Reserve's Preferred Inflation Gauge Falls To 2025 Low, But Jerome Powell Maintains 'Wait-And-See' Stance Amid Tariff Uncertainty
Monday, June 2, 2025 - 8:41am | 726April’s Personal Consumption Expenditures data presented a complex picture for Jerome Powell, with economists suggesting the persistent cloud of tariff uncertainty compels the central bank to “wait and see” policy stance even as “disinflation” has set in. What Happened...
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Trump Tells Powell He's 'Making A Mistake' By Not Cutting Rates, Fed Reaffirms Independence
Friday, May 30, 2025 - 8:42am | 482President Donald Trump summoned Federal Reserve Chair Jerome Powell to the White House on Thursday for their first face-to-face meeting since taking office in January. Trump informed the central bank chief that he was making a “mistake” by not lowering interest rates. What Happened:...
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Chamath Palihapitiya Flags Rising Investor Fear As Money Market Fund Assets Hit $7.24 Trillion: 'Market Is Risk-Off'
Tuesday, May 27, 2025 - 12:22am | 724Billionaire investor Chamath Palihapitiya is sounding the alarm on an ominous new sign for the markets, hinting at a major shift in sentiments over the past couple of weeks. What Happened: On Monday, in a post on X, Palihapitiya posted saying that the “market is risk-off,” while quoting...
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Growth Vs. Value: Expert Views Collide On The Impact Of Trump's 'Big, Beautiful' Bill
Friday, May 23, 2025 - 3:27am | 858While President Donald Trump‘s “One Big, Beautiful Bill Act” is expected to reduce taxes and “put more money in people’s pockets,” experts argue whether the tax cuts will cater to the value or growth stocks within the U.S. economy. What Happened: The new tax bill...