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EXPLAINED: 3 - The Real Truth

By installing Stephen Miran and eyeing more allies, Trump is positioning the central bank for aggressive rate cuts and a sharp break from its tradition of independence.

Reason

The man Trump nominated to undermine Fed independence once wrote a scathing critique of how the Fed wasn't independent enough

In naming Miran to the Fed’s seven-member board, President Trump has ignited a firestorm over mixing politics with economic policy.

Fortune

Mike Novogratz Ties Bitcoin's Fate To Trump's Fed Chair Pick — Here's Who Polymarket Bettors See Making The Cut

Galaxy Digital Inc. (NASDAQ:GLXY) CEO Mike Novogratz said in an interview aired Tuesday that the political landscape could influence the cryptocurrency cycle, depending on President Donald Trump’s choice for the next Federal Reserve Chair.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Dollar Slips and Gold Soars as T-note Yields Fall

The dollar index (DXY00 ) on Tuesday fell by -0.08%. The dollar gave up modest gains on Tuesday and turned lower as T-note yields fell following dovish comments from Fed Governor Michelle Bowman, who stated that policymakers are in danger of falling behind the curve and need to act decisively...

Barchart

Jerome Powell dismisses Trump’s criticism of ‘political’ Fed as ‘cheap shot’

Amid battle over independence, Fed chair pushes back against claim that central bank lets politics drive decisions

The Guardian - US

The Fed's rate cut rationale

For now, Fed policy is all about the job market.

Axios

Dollar Weaker and Gold Posts a Record High on Dovish Fed

The dollar index (DXY00 ) today is down -0.02%. The dollar gave up modest gains today and is slightly lower following dovish comments from Fed Governor Michelle Bowman, who stated that policymakers are in danger of falling behind the curve and need to act decisively to lower interest rates as...

Barchart

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Trump's New Fed Governor Stephen Miran Calls For Aggressive Rate Cuts, Says 'Restrictive' Policy Creates 'Material Risks' To Employment

In his first public speech as a member of the Federal Reserve Board, Stephen Miran dissented sharply with his colleagues, calling for aggressive interest rate cuts and warning that current monetary policy is "very restrictive".

Benzinga

Stocks Climb as Apple, Nvidia Soar: Stock Market Today

Oracle joined in on the fun, too, after the software giant announced a C-suite shake-up.

Kiplinger

Dollar Falls and Gold Surges to a Record High on Easier Fed Policy

The dollar index (DXY00 ) today fell from a 1-week high on Monday and finished down by -0.31%. The dollar is under pressure on the outlook for easier Fed policy, with the FOMC expected to cut interest rates by another 50 bp this year. The dollar found support Monday on...

Barchart

New US Fed Governor Says Rates Should Be Around 'Mid-2%'

The US Fed governor newly appointed by President Donald Trump argued Monday for significantly lower interest rates, signaling that concerns over inflation may be overblown.

International Business Times

Trump’s Fed pick doubles down on calls to aggressively cut interest rates

Stephen Miran says rates should be below 3% by end of year and dismisses fears of US president’s tariffs stoking inflation

The Guardian - US

Dollar Slips and Gold Posts a Record High on Fed Rate-Cut Prospects

The dollar index (DXY00 ) today fell from a 1-week high and is down by -0.12%. The dollar is under pressure on the outlook for easier Fed policy, with the FOMC expected to cut interest rates by another 50 bp this year. The dollar found support today on hawkish comments...

Barchart

Stocks Set to Retreat From Record Highs, U.S. PCE Inflation Data and Powell’s Remarks Awaited

December S&P 500 E-Mini futures (ESZ25) are down -0.30%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.35% this morning, pointing to a slightly lower open on Wall Street as investors look for fresh catalysts to drive equities already trading at record highs.

Barchart

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The Guardian - US

Why Trump’s attacks on the Fed’s independence are so dangerous

The Federal Reserve cut interest rates this week. But the aggressive action Trump seeks could dramatically backfire

Fortune

The Fed doesn't actually have a 'dual' mandate—there's a third part it rarely mentions, and economists want it to stay that way

Some experts told Fortune that they had forgotten entirely about the long-term interest rate rule.

Fortune

Powell showed he's still 'firmly in control' after White House adviser Miran's first FOMC meeting, former Fed official says

"Their actions demonstrate integrity, commitment to the Fed’s mission and the importance of sustaining the central bank’s independence."

Kiplinger

Trump-Xi Talks Boost Stocks to New Highs: Stock Market Today

Investors, traders and speculators finish a dramatic week in a risk-on mood.

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Barchart

Dollar Climbs with Bond Yields

The dollar index (DXY00 ) on Friday rose by +0.31%. Higher T-note yields on Friday supported the dollar. The dollar also found support Friday on weakness in the British pound, which fell to a 2-week low after the UK’s Aug government borrowing exceeded estimates. The dollar fell back from its...

International Business Times

New Fed Governor Says Was Not Told How To Vote By Trump

Donald Trump's pick to join the US Federal Reserve said Friday that he did not speak to the president about how to vote on interest rates ahead of the central bank's meeting this week.

Barchart

Higher Bond Yields Boost the Dollar

The dollar index (DXY00 ) today is up by +0.22%. Higher T-note yields today are supporting gains in the dollar. The dollar is also climbing today on weakness in the British pound, which fell to a 2-week low after the UK's Aug government borrowing exceeded estimates. The dollar fell back...

Fortune

The Fed's cut was 'more hawkish than anticipated,' Moody's Zandi says — and warns it won't be enough to stave off a looming jobs recession

The market didn’t get the dovish signal it was looking for.

Barchart

Dollar Finds Support from Higher Bond Yields

The dollar index (DXY00 ) on Thursday rose by +0.50%. The dollar moved higher Thursday on positive carryover from Wednesday when Fed Chair Powell said higher goods prices are feeding through to inflation and that the FOMC expects inflation to continue to build into next year, which may limit how...

Reason

The Federal Reserve Cuts Rates With Inflation Still Hot. Is Political Pressure Winning?

When the Federal Reserve is concerned about inflation, it increases the federal funds rate. Despite expressing such concerns, the Fed lowered it.

Barchart

Dollar Moves Higher with Bond Yields

The dollar index (DXY00 ) today is up by +0.57%. The dollar is climbing today on positive carryover from Wednesday when Fed Chair Powell said higher goods prices are feeding through to inflation and that the FOMC expects inflation to continue to build into next year, which may limit how...

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