Research from the Federal Reserve Bank of New York finds an ominous correlation between the performance of stocks and the implementation of tariffs during Trump's first term.
Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might be looming between the incoming administration and the central bank.
Now, as a leak reveals Russia could beat the U.S. to a bitcoin reserve, Trump has been pitched a "capital markets renaissance fueled" by bitcoin to "unlock trillions in wealth" by MicroStrategy founder Michael Saylor.
President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?
Trump’s ability to project strength and assure voters that he would reduce inflation helped him win November’s election. Stocks initially climbed on the prospect of tax and regulatory cuts, but Trump still faces a skeptical public and appears to be starting his presidency from a more delicate position than Biden did four years ago.
U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to outperform.
WASHINGTON — President-elect Donald Trump campaigned on the promise that his policies ... Trump could point a finger at the Federal Reserve, and in particular at its chair, Jerome Powell, whom Trump himself nominated to lead the Fed.
Federal Reserve Vice Chair for Supervision Michael Barr seeks legal counsel to potentially challenge any removal attempts by President-elect Donald Trump. Barr, appointed by President Biden, may face conflict with the new administration as Trump has shown interest in increasing influence over the Fed.
When it comes to the economy, the Republican president-elect won't express any gratitude toward the Democratic incumbent, but he probably should.
When the Fed last published its quarterly outlook in September, for instance, a solid majority on its monetary-policy committee projected that their most important inflation gauge would retreat to 2.2% next year.
President-elect Donald Trump has been clear about his ire for the press for years. His latest verbal attacks, legal actions and cabinet appointments signal he is ready to increase his efforts to quiet critical reporting.
Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the cryptocurrency.