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Trump threatens Fed’s Powell with lawsuit in latest attack
U.S. President Donald Trump has upped the ante in his latest attack on Jerome Powell, threatening to allow a lawsuit against the head of the central bank over the cost of ongoing renovations of the Federal Reserve buildings. “Jerome ‘Too Late’ Powell must NOW lower the rate,” Trump said in a Truth Social post on Tuesday. “The damage he has done by always being Too Late is incalculable. Fortunately, the economy is sooo good that we’ve blown through Powell and the complacent Board.” Trump added that he is “considering allowing a major lawsuit against Powell to proceed because of the horrible, and ... (full story)
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From morningstar.com|Aug 12, 2025|1 commentTwo members of the Federal Reserve's top leadership indicated Tuesday they don't think the central bank needs to lower interest rates, arguing the economy is managing to hold its ...
From finance.yahoo.com|Aug 12, 2025Gold gained as the dollar pushed lower after Fox Business reported that US President Donald Trump’s pick to lead the Bureau of Labor Statistics suggested suspending the monthly ...
From @FirstSquawk|Aug 12, 2025White House: Plan For Bureau Of Labor Statistics To Continue Monthly Reports
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From youtube.com|Aug 12, 2025Copper futures saw their sharpest rally since late July as softer CPI data boosted rate cut hopes and a major Chilean mine remained offline.
From @zerohedge|Aug 12, 2025|2 commentsBESSENT: FED COULD HAVE CUT IN JUNE IF GIVEN ACCURATE DATA BESSENT: FED SHOULD THINK ABOUT A 50BPS CUT IN SEPTEMBER US Treasury Secretary Bessent on the Fed Governor pick: I am hopeful that US CEA's Miran will be confirmed by the Senate before the September meeting - Fox Business. US Treasury Sec Bessent: Fed Could Have Cut Rates In June With Accurate Data US Treasury Sec Bessent: Trump Has Open Mind On Fed Chair Pick US Treasury Sec Bessent: Seeking Fed Chair Who Can Revamp The Institution US Treasury Sec Bessent: Fed Faces Foundational Issue BESSENT: WILL NEED TO SEE MONTHS, IF NOT A YEAR, OF PROGRESS ON FENTANYL FLOWS BEFORE CHINESE TARIFFS COME DOWN -FOX BUSINESS INTERVIEW US Treasury Secretary Bessent: I will immediately enjoin if court rules against tariffs.
From brobible.com|Aug 12, 2025Compared to other world currencies, the U.S. dollar isn’t doing too well. According to Morgan Stanley, the U.S. dollar lost roughly 11% of its value compared to other currencies ...
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- Aug 12, 2025 1:59pm Posted byFundamental Analysis35,436
