How policy is setting the stage for markets in 2026. Was the U.S. heading into a trade war? Many of these questions have been answered, and two powerful forces are now working in investors' favor: policy clarity and Federal Reserve support.
Economic News
The following information was released by the office of Arizona Rep. Greg Stanton issued the following statement last night on the Department of Justice's criminal investigation into Federal Reserve Chair Jerome Powell:. "The independence of the Fed underpins the strength of the American economy.
Nearly a dozen foreign central bankers issued a statement Tuesday in support of Mr. Powell as he faces a criminal inquiry into testimony he provided to Congress about an over-budget renovation project. European Central Bank President Christine Lagarde and bankers from Europe, Australia, Brazil, Canada and South Korea signed the letter supporting Mr. Powell.
And that's not even counting an unprecedented criminal investigation at the Federal Reserve, a cornerstone of the national economy that Trump wants to bend to his will. Even for a president who thrives on chaos, Trump is generating a stunning level of turmoil as voters prepare to deliver their verdict on his leadership in the upcoming midterm elections that…
—The Department of Justice has launched a probe into the Federal Reserve's renovation of its headquarters, a move that comes amid a battle between President Donald Trump and Fed Chair Jerome Powell. "The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather…
RALEIGH, N.C.— A North Carolina Republican lawmaker is putting himself in the middle of a fight between the Trump Administration and the Chair of the Federal Reserve. Senator Thom Tillis said Sunday he will not vote to confirm any Federal Reserve nominees after the Department of Justice announced a probe into Fed Chair Jerome Powell. Certainly not the chair of…
Lori Barber, president of the College of Eastern Idaho in Idaho Falls, was appointed Jan. 1 to the Federal Reserve Bank of San Francisco's Salt Lake City Branch Board of Directors. The Federal Reserve Bank of San Francisco announced its newest appointments and a reappointment to its Salt Lake City board to start the new year. In addition, Lisa A. Grow, president and…
CINCINNATI& DALLAS—- Fifth Third Bancorp and Comerica Incorporated today announced that the Board of Governors of the Federal Reserve System approved the combination of the two companies. “We are thrilled to have all material approvals secured so we can begin an exciting new chapter as one combined company,” said Tim Spence, Chairman, CEO and President of Fifth…
—The Department of Justice has launched a probe into the Federal Reserve's renovation of its headquarters, a move that comes amid a battle between President Donald Trump and Fed Chair Jerome Powell. "The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather…
John Kennedy on Monday questioned the Department of Justice over its probe into the Federal Reserve's renovation of its Washington, D.C., headquarters. The Louisiana Republican also warned that "any litigation between the Federal Reserve and the executive branch of the United States government is going to cause interest rates to go up, not down."
Appointed to the role by the Fed’ s Board of Governors, Karsanbhai will serve as chair until his term expires at the end of 2027. The Fed governors also named Nina Leigh Krueger, the CEO and president of Nestlé Purina PetCare Co. in St. Louis, to the board of directors. Gregory A. Heckman, CEO of Bunge in St. Louis, will become the deputy chair.
President Donald Trump was in Michigan Tuesday to promote his efforts to boost U.S. manufacturing, as he tries to counter fears about a weakening job market and worries that still-rising prices are hurting Americans’ pocketbooks. It comes as the Trump administration’ s criminal investigation of Federal Reserve Chair Jerome Powell has sparked an outcry, with…
The heads of several central banks from around the world said Tuesday that Jerome Powell, "a respected colleague," should have full independence in his role as chairman of the U.S. Federal Reserve as it faces a Justice Department investigation. The central bankers' praise for Powell came as President Donald Trump launched more criticisms at him Tuesday morning,…
—Up until this week, Wall Street has generally benefited from the Trump administration’ s policies and has been supportive of the president. When President Donald Trump signed the One Big Beautiful Bill into law in July, it pushed another significant round of tax cuts and also cut the budget of the Consumer Financial Protection Bureau, at times the banking…
“No one— certainly not the chair of the Federal Reserve— is above the law,” Powell said in a statement.“ But this unprecedented action should be seen in the broader context of the administration’ s threats and ongoing pressure.”. In response to the political inquiry into Powell, Senate Finance Committee member Thom Tillis, R- North Carolina, has vowed to block all of Trump’ s…
In a case challenging the Federal Reserve's debit interchange fee rule, America's Credit Unions joined together with a group of financial trade organizations in support of the Federal Reserve in urging the U.S. Court of Appeals for the Eighth Circuit to reverse a lower court decision. Federal Reserve, arguing that the district court's decision does not align…
The notices to hospital workers come as AHS attempts to balance its budget following significant cuts to Medicaid and Medi-Cal in the Trump administration budget bill that has major implications for the county system "s rehabilitation, speech therapy and behavioral health outpatient services. The pending layoffs are expected to save approximately…
U.S. markets inched slightly lower before the opening bell Tuesday as investors pore over the first big earnings reports before turning their attention to the government's latest inflation data. JPMorgan shares rose less than 1% after the New York investment bank beat Wall Street's revenue and profit forecasts on a strong performance in markets and growth…
WASHINGTON— The Justice Department's investigation of Federal Reserve Chair Jerome Powell could complicate the path to confirmation for President Donald Trump's future nominees for the Fed Board of Governors after a key GOP senator said Sunday he'd oppose any Trump picks to replace Powell or other board members. The panel is currently split 13-11 between…
