Trump, Jerome Powell and Federal Reserve
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Fed, Trump and Lisa Cook
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Powell, weaker labor market
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Bloomberg journalists answer your questions live from the Federal Reserve’s annual meeting of central bankers in Jackson Hole, Wyoming.
GOP state lawmakers in Texas are slated to approve new voting maps on Friday after California passed a dueling plan, teeing up a national redistricting war ahead of the 2026 midterm elections.
The US president’s broadsides against the Fed chair have prompted concern about the independence of the US central bank.
Donald Trump has demanded a Federal Reserve governor resign over fraud allegations in a fresh attack on the independence of America’s central bank.
The president’s efforts to control the Federal Reserve and Bureau of Labor Statistics carry risks. But collectively, the moves could be even more damaging, economists warn.
Trump has criticized Powell for months because the chair has kept the short-term interest rate the Fed controls at 4.3% this year, after cutting it three times last year.
US Federal Reserve chief Jerome Powell is expected to walk a fine line while delivering a closely watched speech at a central banking conference on Friday, as he faces down attacks from President Donald Trump alongside mixed economic data.