The skirmishing between U.S. President Donald Trump and the U.S. Federal Reserve has broken into outright war, with potentially huge implications for the independence of the world’s most important central bank, the U.S. dollar, and America’s financial credibility in the future.
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On Sunday evening, the New York Times reported that the U.S. Department of Justice had launched a federal criminal investigation into Federal Reserve Chair Jerome Powell in a dramatic escalation of President Donald Trump’s pressure campaign against the Fed.
Like it or not, if you are in Traditional Medicare in the State of Washington you are now under the WISeR Model run by a private entity. About six months ago, I wrote an article titled "Turning Traditional Medicare Into Medicare (Dis)Advantage…From Within." In it, you learned that the Center for Medicare Services (CMS) was…
Florida Peninsula Insurance, one of the largest property insurers in Florida, is decreasing rates by 8%, Gov. Ron DeSantis said. Speaking at a Davie press conference, DeSantis said 83 other companies filed for rate decreases and 100 others are keeping their rates flat.
Although Donald Trump appointed Jerome Powell to head the U.S. Federal Reserve during his first presidency, he has been vehemently critical of him since returning to the White House. Trump’s animosity stems from Powell’s refusal to dramatically lower interest rates. While Powell favors lowering them gradually, Trump wants a dramatic interest rates cut ASAP.
President Donald Trump’s vendetta against Federal Reserve Chairman Jerome Powell escalated on Friday when the outgoing leader of the central bank was handed a Justice Department subpoena. Trump’s Justice Department claims that Powell lied under oath to Congress when he testified about the Federal Reserve’s renovations of two historic buildings.
The Justice Department served grand jury subpoenas to the Federal Reserve on Friday, over the renovations of the Fed’s headquarters roiled the markets.
Federal Reserve Chairman Jerome Powell has drawn Trump’s ire for years, but it was Federal Housing Finance Agency Director Bill Pulte who came up with the latest strategy to try and bring him down. Bloomberg News reported Monday morning that those familiar with the matter point to Pulte for the strategy. However, one senior administration…
The bombshell revelations from Sunday that Donald Trump’s Department of Justice is criminally probing the Federal Reserve have prompted heated pushback from the president’s allies in the GOP-controlled Congress, according to Politico, with one House member warning that the move "will haunt us all for a generation."
Federal Reserve Chair Jerome Powell reveals a criminal investigation and grand jury subpoenas linked to his testimony on Fed matters, framing the move as political pressure from the Trump administration.
WASHINGTON – Rep. Tom Kean Jr. (R-7th) on Thursday joined 16 other Republicans in the House in voting with every Democrat to extend federal health insurance subsidies for three years, against the wishes of party leaders.
Another week, and another new risk factor to digest. This time it’s a sharp escalation in President Donald Trump’s struggle with the Federal Reserve, which critics charge is a thinly-veiled effort to force the central bank to lower interest rates.
12:08pm: Trump proposes credit card interest rate cap Shares of banks and credit card companies moved lower after US president Donald Trump proposed capping interest rates on cards to 10% for a year starting January 20, rekindling an idea initially put forward during his 2024 presidential campaign. The average interest rate for credit cards in the US is reportedly about 20%. In a…
WASHINGTON — President Donald Trump’s feud with Federal Reserve Chairman Jerome Powell has escalated into a Department of Justice investigation, raising alarm bells among some Republicans in the Senate, where Trump will need broad backing from GOP lawmakers to get his choice for the next Fed chairman approved after Powell’s term ends in May.
Federal Reserve Chair Jerome Powell revealed in a defiant statement late Sunday that the US Department of Justice is threatening him with criminal charges, a step the central bank chief condemned as “intimidation” for not bowing to President Donald Trump’s demands on interest rate policy.
Some bells you can’t unring. Some doors are one-way. The United States is about to find out whether the attempted criminal prosecution of its central banker is one of those. The big picture: The news Sunday night that President Trump’s Justice Department is conducting a criminal investigation into Federal Reserve chair Jerome Powell over his Congressional testimony on the Fed’s…
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A lot of things happened. Here are some of the things. This is TPM’s Morning Memo. Programming note: Join me for the first Morning Memo Live event on Jan. 29 in Washington, D.C. Find details and tickets here.
11:15am: Week ahead Wall Street faces a potentially volatile week as the Q4 earnings season kicks off for major banks, key economic data is released, and political developments in the US and Europe add uncertainty. Financial results will take center stage. JP Morgan and Bank of New York report on Tuesday, Citigroup and Bank of America on Wednesday, and Goldman Sachs, BlackRock, and…
