Breitbart Business Digest: Even if Trump Fires Powell, the Fed May Still Defy Him
Removing Jerome Powell as Fed chair might not give Trump the interest rate cuts he wants.

Removing Jerome Powell as Fed chair might not give Trump the interest rate cuts he wants.
President Donald Trump has no plans to fire Federal Reserve Chairman Jerome Powell, whom he called a “major loser” in a Truth Social post on Monday.
President Trump has been calling for the Federal Reserve to begin cutting interest rates, arguing that its policy is too tight for a slowing economy. Investors increasingly seem to agree with Trump.
“He’s always been too late,” the president wrote, adding that Powell is a “major loser” whose decisions appear politically motivated.
On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Sen. Elizabeth Warren (D-MA) said she is “glad” to publicly blast Federal Reserve Chairman Jerome Powell and say he would be responsible for job losses. But “If Chairman Powell can be
Former U.S. Treasury Secretary Janet Yellen blasted President Donald Trump, saying the return of American manufacturing is a “pipe dream.”
President Donald Trump on Friday called for Federal Reserve Chairman Jerome Powell to lower interest rates, contending it is the “perfect time” to do so.
The persistence of inflation above the Fed’s 2 percent target underscores that price pressures are building before the newly announced tariffs on imports have taken effect.
The Expectations Index — a gauge of how consumers view future income, business, and labor market conditions — plummeted to 65.2, the lowest level in 12 years.
The Federal Reserve’s latest projections show that tariffs are not the primary driver of higher inflation forecasts.
President Donald Trump is demanding the Federal Reserve cut interest rates, escalating a high-stakes clash between the White House and the central bank as his administration prepares to unleash a new wave of tariffs.
Both Democrat members of the Federal Trade Commission (FTC) were fired by President Donald Trump on Tuesday in a shocking move that may have “major implications for the independence of the Fed,” according to a former official.
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, holding steady at 4.25 percent to 4.5 percent for a second consecutive meeting.
Citigroup accidentally credited a client’s account with a staggering $81 trillion last April, a blunder that could hamper the bank’s efforts to convince regulators it has addressed longstanding operational deficiencies.
The New York Fed’s survey shows a lot of inflationary pressure in the factory sector.
Heads exploded across the establishment financial press on Wednesday when President Donald Trump proclaimed that tariffs and lower rates go hand in hand.
The Fed cut rates three times under Biden, but now that Trump is in office, Powell says there’s ‘no hurry’ to cut further.
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing, and Urban Development Committee on Tuesday, February 11.
Jerome Powell did a fine job at his press conference Wednesday of staying out of the way of politics despite being peppered with questions from reporters practically begging him to weigh in against President Donald Trump’s policies.
Federal Reserve officials left interest rates unchanged in their first policy decision of 2025. “Recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months,
President Donald Trump’s signature bravado was on full display at the World Economic Forum in Davos this week as he vowed to “demand” lower interest rates from the Federal Reserve.
A resilient labor market, the improving outlook among small businesses, and persistent inflation pressures are signals that the Fed’s September and October rate cuts may have been premature.
The Federal Reserve’s rate-cutting cycle has very likely come to an end—although it may take Fed officials several months to figure this out.
It is not just the bond market that is having doubts about the stance of monetary policy. Federal Reserve officials are also seeing the light.
The great clash between Donald Trump and the Federal Reserve may not happen after all.
Federal Reserve officials this week came as close as they are probably ever going to get to admitting that the aggressive interest rate reduction they enacted weeks before the 2024 election was a mistake.
The Fed seems bent on cutting rates again this month. Trump’s economic team is worried this could revive inflation.
The Federal Reserve is about to triple down on its September rate cut mistake by reducing its benchmark for a third consecutive time next week.
On Tuesday’s broadcast of CNN’s “OutFront,” Chicago Federal Reserve Bank President Austan Goolsbee stated that the Federal Reserve isn’t going to weigh in on tariffs, but “you’re never going to hear me say good things about tariffs. If they serve
Federal Reserve officials appear poised to repeat the mistake of September and November by cutting interest rates again when the economic data clearly calls for a pause.
The acceleration of inflation since the Federal Reserve cut interest rates in September suggests that the move was a mistake.
A question we get asked a lot about is how the Federal Reserve is likely to react to President-elect Donald Trump’s tariffs. The short answer is that the Fed is likely to ignore them.
The Fed is in a rate cut cycle as Trump is coming to the White House—just as he would prefer.
Donald Trump is not going to try to remove Jerome Powell as the head of the Federal Reserve or control monetary policy from the White House.
Michael Barr has accused Trump of damaging the banking system. Does it make sense for him to stay on as the Fed’s top bank regulator in a new Trump administration?
Breitbart News economics editor John Carney said Friday on Fox Business Network’s “Kudlow” that President-elect Donald Trump will have the power to remove Federal Reserve Chairman Jay Powell once in office.
The Fed now seems a bit less confident about inflation returning to its two percent target.
During CBS’s coverage of Tuesday’s election, CBS “Face the Nation” host and CBS Chief Foreign Affairs Correspondent Margaret Brennan said the president “has nothing to do” with grocery prices and voters who “don’t quite know” what the head of the Federal
The latest economic data suggests that the Federal Reserve should halt any further rate cuts.
The Fed’s cut is being reversed in the mortgage market.