Fed, Trump and Jerome Powell
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Chicago Federal Reserve president Austan Goolsbee expressed support for Jerome Powell and central bank independence when asked about pressure being applied from President Trump, saying the Fed chair is a 'totally honorable guy.
Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.
7hon MSN
CNBC's "Closing Bell" team discusses when the Federal Reserve may cut rates, the outlook for markets and more with Jeremy Siegel, chief economist at WisdomTree and professor of finance at Wharton.
Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome Powell.
For about an hour on Wednesday, it seemed as though President Donald Trump would try to fire Federal Reserve Chairman Jerome Powell. Before Trump denied the reports, the yield on the 10-year Treasury note climbed by about 5 basis points,