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US interest rate cut likely after inflation falls

Sky News Wednesday, 14 August 2024
US interest rate cut likely after inflation fallsAnnual inflation in the US fell to 2.9% last month, officials have said - heightening expectations that the Federal Reserve will cut interest rates in September.
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Trump U-Turns On Fed Chair Powell: “Never Wanted To Fire Him” After Calling Him A ‘LOSER’ | U.S FED [Video]

Trump U-Turns On Fed Chair Powell: “Never Wanted To Fire Him” After Calling Him A ‘LOSER’ | U.S FED

President Trump now says he has “no intention” of firing Federal Reserve Chair Jerome Powell, despite calling him a “major loser” just days ago. Trump’s sudden reversal—delivered in the Oval Office—comes after sharp criticism and market turbulence. Wall Street surged on the news, as fears of a central bank shakeup faded. Trump had previously accused Powell of failing to cut interest rates. The about-face follows internal White House talks on removing Powell, who is legally protected until 2026. Critics warned that firing him could destabilize the entire financial system. #Trump #JeromePowell #FederalReserve #InterestRates #TrumpNews #FedChair #MonetaryPolicy #StockMarket #WallStreet #USPolitics #WhiteHouse #Powell #TrumpReversal #EconomicPolicy #CentralBank #BreakingNews #OvalOffice #TrumpStatement #FinanceNews #PowellProtected #RateCutDebate #TrumpFedClash #TrumpMarkets #USEconomy #PaulAtkins #TrumpSpeech #FinancialStability #KevinHassett #PowellUnderFire #PowellStays #TrumpvsPowell Also Read US President Donald Trump, Russia's Vladimir Putin Condemned Pahalgam Terrorist Attack, Call It A Brutal Crime :: https://www.oneindia.com/international/us-president-donald-trump-russias-vladimir-putin-condemned-pahalgam-terrorist-attack-call-it-a-br-4131695.html?ref=DMDesc Harvard Sues Donald Trump Administration Over Cut In US Federal Funding :: https://www.oneindia.com/international/harvard-sues-donald-trump-administration-over-cut-in-us-federal-funding-4130575.html?ref=DMDesc US Will Drop Ukraine-Russia Peace Efforts If No Progress Within Days: Marco Rubio :: https://www.oneindia.com/international/us-will-drop-ukraine-russia-peace-efforts-if-no-progress-within-days-marco-rubio-4127371.html?ref=DMDesc ~HT.336~

Credit: Oneindia    Duration: 04:02Published

Stock markets rally as Trump rows back on Fed and China threats

Global stock markets and the dollar have rallied on hopes of two significant climbdowns by the Trump administration on issues blamed for a slump in values.
Sky News
Investors flee US assets as Trump attacks Fed’s Powell and calls for rate cuts [Video]

Investors flee US assets as Trump attacks Fed’s Powell and calls for rate cuts

Investors flee US assets as Trump attacks Fed’s Powell and calls for rate cuts Investors continued offloading US assets as the Trump administration seeks a way to dismiss Federal Reserve Chair Jerome Powell. Trump has demanded rate cuts, referring to Powell as “a major loser” in a social media post. The US dollar weakened to a three-year low. READ MORE : http://www.euronews.com/2025/04/22/investors-flee-us-assets-as-trump-attacks-feds-powell-and-calls-for-rate-cuts Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

Credit: euronews (in English)    Duration: 01:30Published
Trump Erupts in Fury at Fed Chair Powell, Demands His Termination Over ‘Complete Mess’ Reports [Video]

Trump Erupts in Fury at Fed Chair Powell, Demands His Termination Over ‘Complete Mess’ Reports

Trump has launched a fiery attack on Federal Reserve Chair Jerome Powell, calling for his immediate termination after slamming the Fed’s latest economic report as a “complete mess.” Trump accused Powell of being “too late and wrong” on interest rate policy and compared him unfavorably to the European Central Bank, which just issued its seventh rate cut in a year. The outburst follows Powell’s stark warning that Trump’s sweeping tariffs could drive the U.S. into stagflation. With Powell’s term running through 2026 and legal protections in place, Trump’s demand has ignited a constitutional debate over presidential power and the independence of America’s central bank. #TrumpVsPowell #JeromePowell #FedChair #TrumpTweets #JayPowell #TrumpNews #TrumpBlastFed #FederalReserve #TrumpEconomicPolicy #TrumpAdministration #PowellNews #TrumpTwitter #USFedChair #TrumpTradePolicy #Trump ~PR.152~HT.410~GR.124~

Credit: Oneindia    Duration: 04:02Published

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