US equity markets are poised to open sharply lower later today following reports that US prosecutors have launched a criminal investigation into Jerome Powell, the Chair of the Federal Reserve.
Fed Holds Rates Steady, Rejects Trump’s Call for Immediate Cut
The US Federal Reserve has held interest rates unchanged, defying calls from Donald Trump for an immediate cut.
Fed Expected to Keep Rates Unchanged Despite Trump’s Call for Major Cuts
The US Federal Reserve is widely expected to keep interest rates unchanged this evening, resisting calls from Donald Trump for aggressive cuts to borrowing costs.
Trump Initiates Formal Process to Replace Federal Reserve Chairman
Trump Begins Process to Replace Fed Chair Powell, Says Treasury Secretary
Trump held meetings at Mar-a-Lago to discuss firing Powell.
According to a report, Donald Trump has spent months privately discussing the possibility of firing Federal Reserve Chairman Jerome Powell.