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Core CPI inflation has climbed back to 3.1% while PPI inflation is at its hottest since March 2022, signaling renewed price pressures in the U.S. economy. Despite this, President Donald Trump is demanding an unprecedented 300 basis point interest rate cut, far larger than the historic 100 bps cut in March 2020. Markets are already …
U.S. markets hit fresh record highs as President Trump secured key trade deals and ramped up pressure on Fed Chair Jerome Powell to cut interest rates. This blog covers the growing clash between Trump and Powell, the controversial $3.1 billion Fed renovation, and the booming AI investment wave led by Google, Amazon, Microsoft, and Meta. …
Trump’s budget chief slams Fed Chair Powell for mismanaging central bank funds and misleading Congress over costly headquarters renovation, escalating tensions over interest rate policies. Trump Administration Targets Powell Over $2.5 Billion Fed Renovation In a fresh escalation of tensions between the Trump administration and the U.S. Federal Reserve, President Donald Trump’s top officials have …
President Trump to Fire Jerome Powell:U.S. President Donald Trump has once again called on the Federal Reserve to cut interest rates. Speaking on Thursday, he reiterated his dissatisfaction with the Fed’s current stance on monetary policy and hinted that a decision on the next Fed Chair will be coming soon. This comes as Jerome Powell’s …