Trump, Powell and Federal Reserve
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Christopher Waller, a potential contender to be the next chair of the central bank, said the Federal Reserve should not wait for the labor market to weaken to reduce interest rates.
The Federal Reserve is an independent organization, meant to be insulated from politics, and the Supreme Court suggested this year that President Donald Trump would need a reason, or cause, to fire Federal Reserve Chairman Jerome Powell.
Trump administration's dismissal of FTC member Rebecca Slaughter was overturned by a D.C. judge who cited the agency's century-old independence safeguards.
U.S. President Donald Trump signed an executive order on Thursday creating a new classification of non-career federal workers who can more easily be fired if they fail to carry out a president's priorities,
Bond powerhouse Pimco hasn’t adjusted its positions in light of Trump’s threats to push Powell out, even with the potential for dramatic moves in Treasurys if it were to happen, according to people close to the situation.
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4hon MSN
The renewable industry accused the Interior Department of obstructing wind and solar projects for political reasons.
U.S. President Donald Trump on Thursday signed an executive order creating a new classification of non-career federal workers, the White House said. The new classification will be for employees expected to leave their positions when the president who appointed them leaves office,
The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.