Fed Archives - 9xm News

Donald Trump vs Fed governor: US President’s attempts to fire Lisa Cook might land in legal battle; Biden appointee vows not to resign

US President Donald Trump’s attempt to dismissal Federal Reserve governor Lisa Cook is expected to land in court, raising questions over the extent of presidential powers against the traditionally independent central bank.Legal experts say Trump’s claim that he can fire Cook, a Biden appointee, is legally weak but unprecedented. The Supreme Court has recently allowed […]

Mortgage loan charge: Trump says he has ‘cause’ to oust Lisa Cook; first-ever move against Fed governor

US Federal Reserve governor Lisa Cook on Tuesday rejected President Donald Trump’s announcement that he was removing her from the central bank, insisting he has no authority to do so and vowing not to resign.Donald Trump posted a letter on his Truth Social platform declaring Cook’s dismissal effective immediately, citing allegations of mortgage fraud. Cook […]

‘He wants to stay where he is’: Trump rules out treasury secretary Scott Bessent for Fed Chair; considers Warsh and Hassett instead

US treasury secretary Scott Bessent (Image credits: AP) US President Donald Trump said Tuesday that Treasury Secretary Scott Bessent is no longer being considered to replace Jerome Powell as Chair of the Federal Reserve, after Bessent expressed his desire to remain in his current role.“I love Scott, but he wants to stay where he is,” […]

‘Too late Powell’: Trump calls out Fed chief on interest rates; demands Jerome to step down after Kugler exits

Donald Trump has called on Federal Reserve chair Jerome Powell to resign, intensifying his attacks on the central bank’s leadership after Fed governor Adriana Kugler announced her early departure.“’Too Late’ Powell should resign, just like Adriana Kugler, a Biden Appointee, resigned. She knew he was doing the wrong thing on Interest Rates. He should resign, […]

‘Surprised he was appointed’: Trump forgets he first named Powell Fed chair; blames Biden for keeping him on

US President Donald Trump has never concealed his mounting disdain for Federal Reserve Chairman Jerome Powell, but his latest remark earlier last month drew attention, as he expressed surprise over Powell’s “appointment”, seemingly forgetting that he was the one who originally appointed him to the role in 2018.“I was surprised he was appointed,” Trump said […]

‘I’d fire him’: Trump takes shots at Powell while standing beside him during Fed visit; watch video

Screengrab from Trump’s interaction with reporters during Fed visit US president Donald Trump on Thursday visited the Federal Reserve’s renovation site in Washington, DC — and used the opportunity to take fresh shots at chair Jerome Powell. Standing in front of the half-finished project, Trump mocked the rising costs. “It looks like it’s about $3.1 […]

Trump vs Jerome Powell: Scott Bessent softens tone; suggests Fed chief ‘shouldn’t step down right now’

US treasury secretary scott Bessent said on Tuesday he saw no immediate reason for federal reserve chair Jerome Powell to step down. This comes just a day after Bessent publicly called for a full review of the Fed’s operations beyond its main role in setting interest rates. Speaking to Fox Business, Bessent said, “There’s nothing […]

Fed chair on edge: Who is Jerome Powell, leading the US Federal Reserve since 2018? Why Trump wants to fire him and end his streak

US President Donald Trump has once again taken aim at Federal Reserve Chair Jerome Powell, signalling that he might remove him from the role if re-elected. Trump has long criticised Powell over interest rate hikes and now claims the top central banker is obstructing economic growth. Who is Jerome Powell? Why does Trump want him […]

Now, central bank chief targeted for ‘ostentatious’ Fed renovation costs

File photo: Federal Reserve Chair Jerome Powell (Picture credit: AP) WASHINGTON: US President Trump has the authority to fire Federal Reserve chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said Sunday, adding the Fed “has a lot to answer for” on renovation cost overruns at its Washington headquarters. […]

‘He’s the real scum’: California governor Gavin Newsom hits back at Donald Trump – shares video of chaotic fed raids

California governor Gavin Newsom on Friday slammed US President Donald Trump calling him “the real scum” after federal agents fired tear gas during an official raid on a Southern California farm. Sharing a video of the chaos, he said, “Kids running from tear gas, crying on the phone because their mother was just taken from […]