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INSANE: 51 | Vintage Vibes

Trump repudiates draft letter to fire US Fed chair Powell

Trump acknowledged discussing firing Powell with Republicans but denied a letter had been drafted to do that.

Al Jazeera

Gold, Bitcoin Surge As Trump Eyes Powell Ouster: What's Moving Markets Wednesday?

Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independence, triggering a broad flight to gold and a sell-off in the U.S. dollar.

Benzinga

Trump Says Not Firing Fed Chair -- But Not Ruling Out

US President Donald Trump said Wednesday that he was not currently planning to fire Federal Reserve Chair Jerome Powell, but added that he did not rule it out.

International Business Times

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Donald Trump To Fire Jerome Powell? Polymarket Traders Say 'No, But...'

Wagers on the decentralized predictions platform Polymarket suggest a growing belief that Donald Trump may move to oust Federal Reserve Chair Jerome Powell, with traders assigning a 22% probability to the scenario playing out by the end of 2025.

Benzinga

Trump privately indicates he may soon fire Fed chair Jerome Powell

The US president denies he would dismiss the Federal Reserve head after reportedly drafting letter to sack him

The Guardian - US

Trump’s calls it ‘highly unlikely’ he’ll fire Fed chair Powell after reportedly telling House GOP he ‘likely will soon’

The president’s public about-face on firing Jerome Powell is sure to have critics call it another TACO, or ‘Trump Always Chickens Out,’ moment.

The Independent UK

London stocks slip after reports that Trump will fire Federal Reserve boss

The FTSE 100 index closed down 11.77 points, 0.1%, at 8,926.55.

Evening Standard

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Trump’s Epstein tirade, Fed chair threats drown out Vance’s ‘big’ bill sales pitch - Roll Call

Vice President Vance went to Pennsylvania to sell Republicans' tax law, but President Trump stole the show with more Oval Office theatrics.

Roll Call

Trump Reportedly Moving To Fire Fed Chair Jerome Powell

President Donald Trump is moving to fire Federal Reserve chair Jerome Powell, according to different reports

Latin Times

Trump says FBI should investigate ‘the Jeffrey Epstein hoax’ as a criminal conspiracy against him – as it happened

President says furor over Epstein files, along with 2016 Russian campaign interference and Jack Smith’s attempted prosecution were ‘all the same scam’

The Guardian - US

How Trump could use a building renovation to oust the Fed chair

President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project

The Independent UK

Economists On June CPI Numbers: 'The Absence Of Bad News Is Good News' — But Fed 'Unlikely To Sway' On Interest Rates

Leading economists react to June’s Consumer Price Index report, which showed that inflation was largely in line with expectations, while speculating on what this means for Federal Reserve policy and growing tariff-related pressures.

Benzinga

Facing fallout from Epstein and inflation President Donald Trump turns to misdirection

NEWS ANALYSIS: Trump’s desperate thrashing to avoid the Epstein trap is only making things worse for him and his allies so far, writes John Bowden

The Independent UK

June Inflation Data Validates Powell's Trump Pushback

President Donald Trump's repeated calls for aggressive rate cuts collided with economic reality Tuesday, as June's rising inflation dynamics offered a win—at least temporarily—for Federal Reserve Chair Jerome Powell's cautious stance.

Benzinga

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The Guardian - UK

JP Morgan chief defends independence of Fed chair amid Trump attacks

Jamie Dimon cautions against interference as treasury secretary says process to replace Jerome Powell has begun

Fortune

Scott Bessent confirms moves to replace Jerome Powell are under way: 'There's a formal process that’s already starting'

JPMorgan CEO Jamie Dimon responded hours later that he believes Fed independence is "absolutely critical."

Euronews

US inflation accelerates to 2.7% as Trump's tariffs start to bite

Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

The Independent UK

US inflation accelerated last month to highest level since February

Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures

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International Business Times UK

Jerome Powell 'Fatigued' and Facing Resignation Rumours Over Controversial $2.5B Fed Palace Overhaul

US Fed chair Jerome Powell continues to face mounting pressure to step down amid scrutiny into whether he was truthful to Congress about the Fed's 'Palace of Versailles' renovation to its headquarters in Washington, DC.

Benzinga

Trump's Ouster Of Fed Chair Powell Could Trigger 'Collapse' Of Currency And Bond Market, Deutsche Bank Warns

Deutsche Bank has issued a warning about the potential consequences of President Donald Trump replacing Jerome Powell as the head of the U.S. Federal Reserve.

Benzinga

Trump Gets FAQ'd By Powell—No Champagne Rooms, Just Clearing Cancer Dust

The Federal Reserve is under fire from the Trump administration over a controversial renovation project at its Washington headquarters, which has soared past its original $2.5 billion estimate.

Kiplinger

Stock Market Today: Markets Chop Up More Trump Threats

Stocks are grinding to new highs on light summer volume, and bitcoin is only getting bigger.

Al Jazeera

Trump again slams ‘stupid’ US Fed chairman over interest rate levels

US president’s frequent attacks against Jerome Powell have sparked concerns about independence of the central bank.

Fortune

Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.

The Independent UK

Trump ramps up his war on Jerome Powell - and might have found reason to oust the Federal Reserve chair

Donald Trump has found a new angle to attack Federal Reserve Chairman Jerome Powell and potentially replace him

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