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EXPLAINED: 36 - The Real Truth

Donald Trump will add to pressure on Jerome Powell with visit to Federal Reserve

The US president and the central bank have clashed over a $2.5bn renovation and its ongoing refusal to cut interest rates

The Guardian - UK

Trump To Visit Federal Reserve In First Presidential Trip In 20 Years, Raising Stakes For Jerome Powell

President Donald Trump is set to visit the Federal Reserve on Thursday, as per the White House. This visit is seen as a direct escalation of Trump’s ongoing pressure on the Fed and its Chairman, Jerome Powell.

Benzinga

‘Intelligence too cheap to meter’ is AI’s next frontier, Sam Altman says

“There are cases where entire classes of jobs will go away,” Altman said on a panel at the Federal Reserve, while predicting “entirely new classes of jobs that will come.”

Fortune

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Federal Reserve Rates 'Justified' Despite Being Highest Among G-10 Peers, Says LPL Economist As Trump Pressures Jerome Powell To Exit

Despite holding the highest policy rate among G-10 nations, Jeffrey Roach, the Chief Economist at LPL Financial, emphasizes that while the administration’s lobbying for lower rates is not new, the Federal Reserve‘s independence in pursuing its mandate remains paramount.

Benzinga

Polymarket Crypto Bettors See 50% Chance Of Fed Rate Cut In September Meet Amid Escalating Trump-Jerome Powell Clash

Cryptocurrency bettors are pricing in a 50% chance that the Federal Reserve will enact the first interest rate cut of 2025 during the upcoming September meeting.

Benzinga

Bill Pulte Is 'Crushing It' And Would Be An 'Exceptional Pick,' Says Chamath Palihapitiya — Backs Trump Ally As Jerome Powell Replacement

Chamath Palihapitiya has endorsed William "Bill" Pulte as the next chair of the Federal Reserve, calling him an ideal candidate with deep expertise in housing and strong alignment with the Donald Trump administration.

Benzinga

El-Erian Says Powell Should Resign—To Save The Fed Itself

Escalating political attacks on the Federal Reserve have prompted economist Mohamed El-Erian to say Fed Chair Jerome Powell should resign—not for missteps, but to actually protect the central bank's independence.

Benzinga

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Mohamed El-Erian Says Jerome Powell 'Should Resign' To Protect Fed's Independence As Trump Escalates Attacks Over 'Mission Creep'

Noted economist Mohamed El-Erian suggested that Chairman Jerome Powell‘s resignation could be a strategic move to maintain the operational autonomy of the Federal Reserve.

Benzinga

Ex-Trump Advisor Judy Shelton Slams Federal Reserve's $900 Billion Losses, Says 'Violates The Norms' To Have A Fed Chair Who Can't Be Fired

Economist Judy Shelton, a former advisor to President Donald Trump during his first term and senior fellow at the Independent Institute, delivered a sweeping critique of the Federal Reserve on Monday.

Benzinga

Stocks hit fresh all-time highs as strong earnings continue to power market rally

After the first week of this earnings season, 73% of companies beat per-share profit estimates, above the first-week average of 68%, according to BofA.

Fortune

Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance

"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.

Fortune

A weak housing market could deliver rate cuts and rescue the Fed from Trump

Toward the end of the year, the housing market may become a bigger deal for inflation than tariffs - Comerica Bank chief economist Bill Adams said.

Fortune

US Dollar Can Lose Its 'Supremacy Premium' If Fed Interferes With Bond Market: Currencies Are 'Release Valve For Unsustainable Fiscal Policy'

The U.S. dollar's status as the world's premier currency could be at risk if the Federal Reserve intervenes in the bond market to curb rising interest rates, warns Fidelity's Jurrien Timmer.

Benzinga

Can Donald Trump fire Jerome Powell, US Federal Reserve chair?

Trump questions Fed Chair Powell’s tenure, hints fraud, yet experts view removal improbable due to legal constraints.

Al Jazeera

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The Independent UK

Asian shares mostly advance after Wall Street cruises to more records

Asian shares are mostly higher after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies

The Independent UK

Businesses are already passing the cost of tariffs onto consumers, Federal Reserve survey finds

Prices are expected to rise even more by late summer, the Federal Reserve said

The Guardian - US

White House seeks inspection of Fed building as Trump piles pressure on Powell

US president has suggested the central bank mismanaged funds for renovations at the Federal Reserve headquarters

International Business Times

Beige Book Flags Growing Pessimism As Tariffs And Labor Shortages Squeeze US Economy

The Federal Reserve's latest Beige Book shows modest growth but rising concerns over tariffs and immigrant labor shortages, clouding the economic outlook.

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The Independent UK

Asian shares are mostly higher after Trump says he discussed firing Fed Chair Powell

World shares are mostly higher while U.S. futures are mixed after President Donald Trump rocked Wall Street by saying he had “talked about the concept of firing” the head of the Federal Reserve

Euronews

Trump considered firing Fed Chair but said he is 'highly unlikely' to do so

President Donald Trump rocked Wall Street temporarily by saying he had “talked about the concept of firing” the head of the Federal Reserve, but was unlikely to do so, ”unless he has to leave for fraud”.

Reason

Inflation Rises, Tariffs to Blame

Plus: Zohran Mamdani's brilliant plan, Google monopoly claims fall flat, and more...

Fortune

Top economist Mohamed El-Erian says Trump's in a 'question mark' moment—and it could go the way of Ronald Reagan or Jimmy Carter

"It's a 50-50," the chief economist of Allianz said on Yahoo Finance's Morning Brief, adding this is something you usually see in developing countries.

Benzinga

Washington Breaking The Global Economy? Economist Mohamed El-Erian Warns The US Now 'Resembles A Developing Nation'

Prominent economist Mohamed El-Erian warns that the United States’ recent economic behavior is creating instability, not just at home, but across global markets.

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.

International Business Times

Trump Pushes Fed To Slash Interest Rates To 1%, Sparking Inflation Fears

The current federal funds rate sits at 5.25–5.50%, held steady by the Fed to combat inflation and avoid overheating the economy.

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