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Tag: Monetary Policy

Weak Jobs Data Intensifies Calls for Fed Rate Cuts Ahead of September Meeting

Weak Jobs Data Intensifies Calls for Fed Rate Cuts Ahead of September Meeting

Weak Jobs Data Intensifies Calls for Fed Rate Cuts Ahead of September Meeting A prominent Federal Reserve official is intensifying calls for interest rate cuts, citing the recent weaker-than-expected U.S. jobs report as strong justification. Michelle Bowman, who recently dissented in favor of lowering rates, stated Saturday that the latest labor market data reinforces her belief that the Fed should implement three rate cuts this year. The jobs report, released just days after the Fed’s last meeting where rates were…

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Trump Narrows Fed Chair Search as Scott Bessent Withdraws, Eyes New Appointments Amidst Tariff Deadline

Trump Narrows Fed Chair Search as Scott Bessent Withdraws, Eyes New Appointments Amidst Tariff Deadline

Trump Narrows Fed Chair Search as Scott Bessent Withdraws, Eyes New Appointments Amidst Tariff Deadline President Donald Trump has confirmed that Treasury Secretary Scott Bessent is no longer under consideration to replace Jerome Powell as Federal Reserve Chair. Trump stated in a recent interview, “I love Scott, but he wants to stay where he is,” indicating Bessent’s preference to remain in his current role. The President is now reportedly evaluating former Fed governor Kevin Warsh, top White House economist Kevin…

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Trump Escalates Pressure on Fed’s Powell Over ‘Ostentatious’ HQ Renovation

Trump Escalates Pressure on Fed’s Powell Over ‘Ostentatious’ HQ Renovation

Trump Escalates Pressure on Fed’s Powell Over ‘Ostentatious’ HQ Renovation President Donald Trump is intensifying his campaign against Federal Reserve Chairman Jerome Powell, shifting focus to the central bank’s headquarters renovation plans as a new avenue for pressure. The latest development saw Russ Vought, Trump’s top budget adviser, send a letter to Powell, expressing the president’s “extreme trouble” over potential violations of government building rules with an “ostentatious overhaul.” This move follows Trump’s recent appointment of close aides James Blair…

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JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks

JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks

JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks Jamie Dimon, CEO of JP Morgan Chase, has strongly defended the Federal Reserve’s independence, calling it “absolutely critical” amidst escalating pressure from Donald Trump for immediate interest rate cuts. Dimon’s comments were made as the White House confirmed it has already initiated a process to select a successor for current Fed Chair Jerome Powell, despite his term not concluding until May next year. Trump has…

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Jamie Dimon Warns on Federal Reserve Independence Amid Renewed Trump Pressure on Jay Powell

Jamie Dimon Warns on Federal Reserve Independence Amid Renewed Trump Pressure on Jay Powell

Jamie Dimon Warns on Federal Reserve Independence Amid Renewed Trump Pressure on Jay Powell JPMorgan Chase CEO Jamie Dimon has reportedly issued a stark warning regarding the critical independence of the Federal Reserve, citing what he perceives as ongoing pressure from former President Donald Trump on current Fed Chair Jay Powell. Dimon’s comments underscore the deep-seated concerns within financial circles about safeguarding the central bank’s autonomy from political interference. The integrity of the Federal Reserve’s decision-making process is considered vital…

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Bank of England Poised for Rate Cuts Amid Economic Slowdown, Governor Confirms

Bank of England Poised for Rate Cuts Amid Economic Slowdown, Governor Confirms

Bank of England Poised for Rate Cuts Amid Economic Slowdown, Governor Confirms The Bank of England is signalling a strong likelihood of interest rate reductions, with Governor Andrew Bailey indicating a “downward” path for rates, particularly if the job market shows further signs of slowing. This comes ahead of the Bank’s crucial next policy meeting on August 7th, where rates, currently at 4.25%, will be reviewed. In a recent interview, Bailey expressed his conviction that interest rates are headed lower,…

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Federal Reserve Signals Potential July Interest Rate Cut Amid Economic Shifts

Federal Reserve Signals Potential July Interest Rate Cut Amid Economic Shifts

Federal Reserve Signals Potential July Interest Rate Cut Amid Economic Shifts Federal Reserve Chairman Jay Powell has indicated a willingness to consider a reduction in the benchmark US interest rate as early as this July. This signal comes as financial markets closely monitor economic indicators and inflation trends, anticipating potential shifts in monetary policy. While the full scope of Powell’s comments and the detailed rationale behind this potential move are reserved for subscribers, the headline alone suggests a significant development…

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Traders Position for Rate Cuts Under Next Fed Chair

Traders Position for Rate Cuts Under Next Fed Chair

Traders Position for Rate Cuts Under Next Fed Chair Financial markets are actively positioning for potential interest rate cuts, with significant speculation centered on the monetary policy direction under Federal Reserve Chair Jay Powell’s eventual successor. As the end of Powell’s current term approaches, traders are making early bets, anticipating a dovish shift or a continuation of current strategies from the next leader of the U.S. central bank. This forward-looking sentiment underscores the market’s focus on future leadership and its…

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Donald Trump Pledges to Appoint Only Fed Chair Committed to Interest Rate Cuts

Donald Trump Pledges to Appoint Only Fed Chair Committed to Interest Rate Cuts

Donald Trump Pledges to Appoint Only Fed Chair Committed to Interest Rate Cuts Former President Donald Trump has publicly declared that any future appointment he makes for the position of Federal Reserve Chair would be conditional on the nominee’s commitment to cutting interest rates. This statement signals a clear intent regarding monetary policy should he return to office, emphasizing a desire for lower borrowing costs and potentially setting the stage for a contentious relationship with the central bank, which traditionally…

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