FED CHAIR JEROME POWELL
Trump admin again pokes the Federal Reserve, Scott Bessent says it's time for Jerome Powell to cut rates
The Trump administration is pressuring the Federal Reserve to lower interest rates. Treasury Secretary Scott Bessent cites bond market signals as justification. President Trump has repeatedly criticized Fed Chair Jerome Powell. The Fed's next policy meeting is scheduled for May 7. Markets predict a possible rate cut no sooner than June.
'No inflation, Fed should...': Trump says US economy is in 'transition stage', boasts 'strong' job numbers
The US economy added 177,000 jobs last month, down slightly from a revised 185,000 in March. Shortly after the figures were released, Trump took to Truth Social to boast of 'strong' employment figures, claiming that there is 'no inflation'. He said the US economy is in a 'transition stage' and was again outspoken in his calls for the Federal Reserve to lower interest rates.
Scott Bessent wants Fed to yield on rates
Two-year Treasury yields were at 3.57% in early traders, compared with a benchmark federal funds rate of 4.33%. The Fed targets the key rate at a range of 4.25% to 4.5%.
GIFT Nifty down 50 points; here's the trading setup for today's session
Nifty's rally extended for the seventh day, reaching a 4-month high, fueled by sustained FII buying and positive global cues from the US. Analysts anticipate continued upward movement in the Indian market, supported by ongoing buying interest and favorable domestic factors, while closely monitoring US tariff developments.
Here's why President Donald Trump suddenly softened some of his most severe rhetoric on tariffs, the reasons could be worrying for Americans
President Trump softened his stance on tariffs and trade negotiations after retail CEOs, including Walmart and Target, warned of potential price hikes and empty shelves due to supply chain disruptions. Concerns about investor reactions to threats against Fed Chair Powell also influenced Trump's shift. Treasury Secretary Scott Bessent is reportedly guiding Trump toward a more market-friendly approach.
From glory to gloom: Gold suffers historic single-day fall of over $100. 3 reasons why
Gold prices experienced a significant drop, plummeting by $140 per troy ounce due to President Trump's softened stance on China tariffs and his reassurance regarding Federal Reserve Chair Jerome Powell. This triggered profit-booking after a substantial rally in 2025, causing domestic prices in India to fall by Rs 2,845 per 10 gram.
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Donald Trump says he has no plans to fire Fed's Jerome Powell; market jumps
President Donald Trump has confirmed he will not fire Federal Reserve Chair Jerome Powell, despite days of public criticism over interest rates. This easing of tensions lifted investor sentiment, while Trump hinted at potential tariff cuts in a future China deal. However, financial markets remain cautious, with concerns over Fed independence and the broader impact of Trump’s trade policies.
Trump says he has no plans to fire Fed's Powell; market jumps
President Trump has softened his stance on firing Federal Reserve Chair Jerome Powell, reassuring markets after previous threats rattled investors. While stating he has no intention of firing Powell, Trump still wants the Fed to cut interest rates. This development, along with optimism about a potential trade deal with China that could lower tariffs, boosted investor confidence.
Dollar surges as Trump backs down from threat to fire Fed's Powell
The U.S. dollar surged against major currencies after President Trump eased concerns about firing Federal Reserve Chair Jerome Powell. This followed Trump's earlier attacks on Powell for not cutting interest rates. Optimism regarding U.S.-China trade relations, with potential tariff reductions, further boosted market sentiment and the dollar's value, impacting various currencies and even cryptocurrencies like Bitcoin.
US Stock Market Today: Market rallies as Dow jumps 810 points, S&P 500 gains 109 points, Nasdaq surges 2.4% amid Tesla rebound, Trump-Fed tensions, and defense stock losses
US Stock Market Today: Dow rallies 810 points as Wall Street shakes off Monday’s massive sell-off, regaining ground amid Trump’s escalating attacks on Fed Chair Jerome Powell. The stock market rebound was led by strong earnings from 3M, gains in Tesla, Netflix, Meta, and easing global trade fears. Meanwhile, defense stocks like RTX and Northrop Grumman tumbled on tariff concerns. Investors remain cautious as Powell stands firm against pressure to cut rates. With Tesla and major tech earnings ahead, uncertainty still lingers.
WSJ publishes another scathing editorial on Donald Trump's policies, says the President is acting like a bully
The Wall Street Journal has criticized US President Donald Trump's economic management. The newspaper blames Trump for pressuring Federal Reserve Chairman Jerome Powell to lower interest rates. The editorial board says Trump's tariffs are hurting economic growth. They suggest Trump should end the tariffs. The board cautions that political meddling increases market volatility.
'Virtually no inflation': Trump mocks Jerome Powell as 'Mr Too Late,' calls Fed chairman a 'major loser'
Donald Trump criticized Federal Reserve Chair Jerome Powell. Trump wants lower interest rates. He believes this will address economic concerns. Trump called Powell a 'major loser'. He thinks the central bank should make 'preemptive cuts'. Trump's comments come amid market reactions to his tariffs. Gold prices have soared. Nations are negotiating with Washington over trade.
Wall Street woes deepen: Dow on track for worst April since Great Depression of 1932 with a massive 9.1% drop so far
US shares plummeted, with the Dow experiencing its worst April since the Great Depression. Concerns over President Trump's trade policies and escalating tensions with Federal Reserve Chairman Jerome Powell rattled markets. Powell warned that Trump's tariffs could conflict with the Fed's mandates. Trump's calls for Powell's termination raised fears about the Fed's independence, potentially eroding investor confidence.
US stock futures drop as Trump takes aim at Powell
U.S. stock index futures fell on Monday, as President Donald Trump's attacks on Federal Reserve Chair Jerome Powell sparked worries about the central bank's independence, rattling investors already grappling with an escalating trade war.
What's known about whether Trump can fire Powell from the Fed
President Trump's continued criticism of Federal Reserve Chair Jerome Powell over interest rate policies has stirred financial market anxieties, raising concerns about a potential attempt to remove Powell. The legality of such an action is debated, with the Federal Reserve Act outlining removal for "cause," typically interpreted as misconduct. While unprecedented, legal challenges are anticipated, potentially reaching the Supreme Court.
Sensex rises 200 points, Nifty tops 24,150 as RBI's liquidity measures defy weak global cues
Indian benchmark indices Sensex and Nifty opened flat on Tuesday, supported by the Reserve Bank of India's liquidity measures, which helped offset negative global cues stemming from U.S. President Trump's criticism of the Federal Reserve. Nifty Bank stocks experienced gains following the RBI's directive to assign a lower buffer rate on digitally accessible deposits, providing a one-year compliance window.
Asian stocks drop after US selloff, dollar steady
An index of Asian shares retreated while equity futures for US stocks rose slightly, indicating shares may bounce back after the S&P 500 fell more than 2% Monday. A gauge of the greenback steadied in early trading, after weakening to a 15-month low. Gold jumped to another record on haven demand.
Does Donald Trump have the power to fire Fed Chair Jerome Powell? Here's what could happen if he does
Donald Trump is in conflict with Federal Reserve Chair Jerome Powell. Trump threatened to remove Powell due to disagreements on interest rates. Powell has resisted Trump's demands for rate cuts. Powell believes tariffs will increase prices. The Fed is independent by law. All eyes are on the Fed’s May meeting. The Fed will make decisions based on data analysis.
US Treasuries yield rise as Trump ramps up attacks on Powell
Longer-dated U.S. Treasury yields rose as investors watched with concern the escalating Trump administration attacks on Federal Reserve chairman Jerome Powell, that continued over the weekend and on Monday.
Trump goes to war with the US Federal Reserve
President Trump has openly clashed with Federal Reserve Chair Jerome Powell over interest rate policy, even threatening to remove him. This unprecedented pressure on the Fed's independence raises concerns about potential destabilization of US financial markets. Experts warn that compromising the Fed's autonomy could weaken the dollar and increase interest rates, ultimately impacting the economy.
Rupee jumps, hedging costs slide as dollar keeps taking punches
The Indian rupee gained strength as the dollar faced pressure. This was due to concerns about the independence of the Federal Reserve. President Trump's criticism of Chair Jerome Powell fueled these worries. Other Asian currencies also saw gains. The dollar index hit a multi-year low. Investors are watching closely for any further moves affecting the Federal Reserve.
Dollar weakens on concerns about Fed's independence under Trump
The dollar weakened significantly on Monday due to investor concerns about President Trump's potential interference with the Federal Reserve's independence, sparked by his comments regarding Fed Chair Jerome Powell. This uncertainty, coupled with existing worries about trade policies, led to the dollar hitting multi-year lows against the euro, yen, and Swiss franc.
Trump studying whether to fire Fed Chair Powell, adviser says
White House economic advisor Kevin Hassett indicated that President Trump is still considering firing Federal Reserve Chair Jerome Powell, despite concerns about the central bank's independence and market stability. Trump has repeatedly criticized Powell for not lowering interest rates, accusing him of playing politics.
As Trump vs Powell escalates, the battle for economic control heats up. What are its implications on Fed's independence?
Donald Trump is increasing pressure on Federal Reserve Chair Jerome Powell. A Supreme Court case could allow the president to fire him. This occurs amid economic uncertainty caused by Trump's import taxes. Economists worry about political interference with the Fed. Trump suggests he can remove Powell quickly. The Fed's independence is crucial for managing the economy and inflation.
Trump cannot say 'you are fired' to Fed chair Jerome Powell amid economic tensions. Here's why
President Donald Trump took aim at Federal Reserve Chair Jerome Powell on Thursday. Trump wrote in a social media post that Powell should be cutting interest rates and adding that his "termination cannot come fast enough." But the question remains can Trump fire Fed Chairman Jerome Powell? And if he attempts to do so, what will be the consequences?
Will 'unhappy' Trump fire Federal Reserve Chair Jerome Powell over interest rate amid 'recession risk'?
Donald Trump has publicly criticised Federal Reserve Chair Jerome Powell for not lowering interest rates, even suggesting he could remove him from his position. Trump believes there's no significant inflation, while Powell maintains the Fed's independence and focuses on controlling inflation, potentially worsened by Trump's tariffs.
Donald Trump sends direct sacking message to US Fed Chair Jerome Powell. Does Republican President has the right to do so?
Donald Trump has hinted at moving to fire Federal Reserve Chair Jerome Powell, whose term does not expire until May 2026.
If the stock market plummets, will you intervene? Here's why Fed's Powell gave a strong 'No'
Jerome Powell dismissed hopes of Fed intervention amid market turmoil, calling volatility a normal response to uncertainty. His comments triggered a market crash, with Nasdaq down 3% and Nvidia plunging 7%, as Trump renewed calls for rate cuts.
'Powell’s termination cannot come fast enough': Donald Trump attacks Fed chair over rate cuts
Donald Trump expressed his impatience with Federal Reserve Chair Jerome Powell, criticizing his handling of interest rates. Trump believes Powell, whom he calls "Too Late," should have already lowered rates like the European Central Bank. He argues that with falling oil and grocery prices, and tariff revenue, the Fed's inaction is detrimental to the U.S. economy.
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