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New Threats to Fed -- And to Data Integrity
President Donald Trump has kept up his drumbeat of criticism against Federal Reserve Chairman Jerome Powell for refusing to cut interest rates despite months of public badgering. The tension inside the Fed has now spilled into the open. At the July Federal Open Market Committee meeting, two Governors dissented — the first time since 1993 that more than one Governor has broken ranks at the same meeting. That rare dissent alone pushed markets to price in a near-certainty of a rate cut in September. Then came Tuesday’s consumer price report for July. The headline: year-on-year inflation stayed at 2.7%, exactly the ... (full story)
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All eyes will be on Federal Reserve Chair Jerome Powell as he is set to speak at the central bank's annual symposium in Jackson Hole, Wyoming. Powell has been under immense pressure from President Donald Trump to cut interest rates and over the cost of renovations at the Fed. Bloomberg’s Tom Keene, Lisa Abramowicz, Joe Weisenthal and Tracy Alloway discuss ...
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From news.ssbcrack.com | Aug 17, 2025
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