Federal Reserve
Trump violated another presidential norm. Now the Fed is in a tight spot.
LIKE PRESIDENTIAL respect for the independence of the Justice Department, presidential respect for the independence of the Federal Reserve is an unwritten rule but vital to modern American governance. And like Justice Department independence, Fed independence solidified, as a norm, partly in …
OpinionMnuchin Says President Trump Fully Supports Fed Independence
U.S. President Donald Trump fully supports Federal Reserve independence and isn’t trying to interfere in foreign-exchange markets, Treasury Secretary …
Donald TrumpStock market continues to ignore threats from trade war
A recent survey by Bank of America Merrill Lynch found that more than 80% of professional fund managers say that a trade war is their biggest concern, yet you wouldn't notice it by the performance of the U.S. equity markets. The S&P 500 index is trading near its all-time high levels set in January, …
Stock MarketsTrump Targeted by G-20 as Leaders Push Back on Combative Tweets
Global economic leaders are pushing back against U.S. President Donald Trump’s latest rants on global trade and currencies, speaking out against …
Donald TrumpGold Prices Rise For Third Straight Day: 5 Things To Know
Gold, Silver Prices Today: In Delhi, gold of 99.9% and 99.5% purity advanced by Rs 130 each to Rs 30,970 and Rs 30,820 per 10 grams, …
Business (India)Treasury's Mnuchin says Trump backs Fed independence
Treasury Secretary Steven Mnuchin says President Donald Trump, despite comments this week expressing opposition to monetary-policy tightening by the …
Donald TrumpTrump poised to take control of the Federal Reserve
President Donald Trump has multiple reasons as to why he should take control of the<p>Federal Reserve. He will do so both because he can and because his …
Donald TrumpTrump Lines Up Powell as Scapegoat If Tax and Trade Moves Sour
President Donald Trump looks to be lining up Federal Reserve Chairman Jerome Powell to be the fall guy if the president’s trade and tax policies …
Donald TrumpTrump changes his mind about the Fed and low interest rates
Federal Reserve Chairman Jerome Powell has only been on the job for five months, but in that time, he’s twice raised interest rates, and appears …
Donald TrumpThe White House week when 'no' meant 'yes'
WASHINGTON (AP) — This was the week when "would" turned into "wouldn't" and "no" meant "yes," as President Donald Trump and his top aides tried to walk back several of his comments on Russia and the Federal Reserve.<p>At one point, the rhetorical zigzags left one senator lamenting a "walk-back of the …
Donald TrumpTrump and the U.S. dollar: Actions speak louder than words
NEW YORK (Reuters) - U.S. President Donald Trump may not be happy about the strength of the U.S. dollar, but the greenback's recent rally may partly be a product of his own making.<p>The U.S. dollar has been climbing against major currencies for several months, with the dollar index up nearly 7.0 …
EconomyTrump escalates his criticism of Federal Reserve interest rate hikes
Before this week, it had been more than a quarter-century since a sitting U.S. president publicly pressured the independent Federal Reserve on interest rates.<p>On Friday, President Trump did it for the second day in a row.<p>In unprecedented back-to-back statements, Trump escalated his criticism of the …
PoliticsTrump’s Fed Outburst: All Downside, No Upside
The Fed wants its decisions seen as driven entirely by economics, not to please—or defy—the president<p>In a presidency that has seen almost every institution from the FBI to the Supreme Court consumed by division and controversy, the Federal Reserve is a shining exception. President Donald Trump’s …
Donald TrumpTrump's criticism of the Fed shattered a potent political norm. The norm deserved it.
Donald Trump doesn’t much care for norms — political or otherwise — as his entire political career has made abundantly clear. Oftentimes, that penchant for norm destruction is bad for American democracy and policy.<p>However, sometimes he upends a norm that should actually be rethought. One such …
Donald TrumpTrump threatens to hit all $505bn of Chinese imports with tariffs
Donald Trump escalated economic global tensions on Friday, lashing out a range of targets that included the European Union, the Federal Reserve and China, indicating that he is prepared to raise tariffs on Chinese imports from $34bn to cover the entire $505bn of Chinese imports.<p>“I’m willing to go …
Donald TrumpTrumponomics Is All About the Short Run
It’s hardly a surprise that Donald Trump broke with longstanding presidential practice and publicly criticized the Federal Reserve for raising interest rates.<p>Trump told CNBC on Thursday that he was “not thrilled” with signals from the Fed that it planned to raise interest rates. “I don’t like all …
Donald TrumpTrump threatens tariffs on all $500 billion of Chinese imports
WASHINGTON (Reuters) - U.S. President Donald Trump on Friday said he was ready to impose tariffs on all $500 billion of imported goods from China, threatening to escalate a clash over trade policy that has unnerved financial markets.<p>"We're down a tremendous amount," Trump said in an interview about …
EconomyTrump Continues Criticism of Fed, Renews Threat on China Imports
President also accuses China and Europe of manipulating their currencies to hurt the U.S. on trade<p>WASHINGTON—President Donald Trump signaled for a second straight day his frustration with the Federal Reserve’s policy of gradually raising interest rates, saying it would undermine his campaign to …
Donald TrumpAn ugly economic lesson from the Nixon era proves why Trump's criticisms of the Fed are so worrying
For two straight days, President Donald Trump has committed a major break in American political convention by commenting on the actions of the Federal Reserve and the criticism echoes one of the worst monetary-policy mistakes in US history.<p>On Thursday, Trump told CNBC he was "not thrilled" about …
Donald TrumpTrump Warns Fed Tightening 'Hurts All We Have Done' – Bloomberg
Trump Warns Fed Tightening 'Hurts All We Have Done'<p>Trump Warns Fed Tightening 'Hurts All We Have Done'<p>Trump Warns Fed Tightening 'Hurts All We Have …
Donald TrumpBlack Millennials More Likely To Be Religious Than Other Racial Groups
10:18 PM 07/21/2018<p>Black millennials are more likely to be religious than other millennial racial groups, according to a Friday Pew Research Center …
Conservative ViewTrump’s comments on the Fed were a big deal. Here’s why
President Donald Trump criticizes the Federal Reserve's monetary policy again on social media Friday, a day after his initial negative remarks were …
Donald TrumpHow the Fed Keeps Watch Over the Deficit
A recurring supply-side dream has been that economic growth will let us balance the budget painlessly. It has happened before. In the late 1990s, …
EconomicsHow Trump's Fed Attacks Pose A Problem For Investors
Today, President Trump has weighed in on interest rate policy. In a CNBC interview with Joe Kernen this morning, he said, when asked about rising rates. “I don’t necessarily agree with it. I’m not thrilled.” “However, at the same time, I’m letting them [the Fed] do what they feel is best.” So …
Interest RatesTrump Today: President keeps up criticism of Fed, China and EU trade
A day after Donald Trump criticized in a CNBC interview the Federal Reserve’s recent interest-rate hikes and said the European Union and China were …
Donald TrumpInvesting Strategies For Rising Interest Rates
Rising rates trend expected to continue<p>As the U.S. economy continues to improve, conditions that had driven interest rates to historic lows are now …
InvestingTrump did a bunch of stuff to strengthen the dollar; now he’s upset about the strengthening dollar
Washington’s economic intelligentsia are reaching for the vapors Friday morning as President Trump is tweeting about Federal Reserve policy and the strength of the U.S. dollar in international markets. He’s annoyed that the Fed is raising rates and that the stronger dollar is making our exports …
EconomyTrump accuses China and EU of currency manipulation
The US dollar has taken a hit after President Donald Trump accused China and the European Union of manupulating interest and currency rates to the detriment of the US.<p>Taking to social media, Trump said that "the U.S. is raising rates while the dollar gets stronger and stronger with each passing …
Donald TrumpU.S. Dollar Falls After Trump Tweets About Its Strength
The president’s comments reignited concerns of the White House using the dollar as a weapon in a growing global trade battle<p>The dollar fell Friday, after President Donald Trump commented on the U.S. currency’s strength on Twitter.<p>The WSJ Dollar Index, which measures the U.S. currency against a …
Donald TrumpPresident Trump ready to hit all Chinese imports with tariffs
President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs, sending U.S. markets sliding before the opening bell Friday.<p>In a taped interview with the business channel CNBC, Trump said "I'm willing to go to 500," referring roughly to the $505.5 …
Economy