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White House, Fed and Powell
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· 9h
· on MSN
Powell Letter Addresses White House Criticism of Fed Renovations
Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project. “We take seriously the responsibility to be good stewards of public resources as we fulfill the duties given to us by Congress on behalf of the American people,
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· 1d
Firing Powell would do nothing to help Trump on interest rates
For a moment on Wednesday, it looked like President Donald Trump would finally attempt the improbable and fire Federal Reserve Chair Jerome Powell.
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· 12h
Hedge funds favour short-dated, convertible bonds if Fed's Powell leaves early
Orlando Gemes, CIO and co-founder of Fourier Asset Management, favours convertible bonds issued by crypto exchange Coinbase.
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