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Trump is not expected to try to fire Fed Chair Powell

Federal Reserve watchers don’t think that President-elect Donald Trump will seek to remove Fed Chair Jerome Powell from his post before the central bank chief’s term ends in mid-2026.

Business - MarketWatch - 5 days ago

If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?

The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.

Business - The New York Times - 5 days ago

Fed cuts interest rates days after election

The Fed cut interest rates by a quarter of a percentage point.

Here's what changed in the new Fed statement

This is a comparison of Thursday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.

Business - CNBC - 5 days ago

Fed cuts interest rates as Powell says he will not resign as chair

US central bank lowers target range by a quarter point to 4.5%-4.75%

World - Financial Times - 5 days ago

US central bank boss says Trump can't fire him

The US central bank cuts interest rates, as its chairman vows to stay on the job.

The Fed talks about not talking about Trump

Jay Powell sets some limits

World - Financial Times - 4 days ago

The Fed’s Job Is About to Get a Lot Harder

Jerome Powell sees an uncertain path as Trump enters the White House and inflation wavers.

Business - Inc. - 4 days ago

Feds investigate racist text messages sent nationwide

Federal authorities are investigating racist text messages that were sent this week to residents in at least 19 states, from California to Connecticut. The texts were also sent to students at ...

Fed up with the economy, Americans turn to Trump

President-elect Donald Trump won Pennsylvania after losing the state in 2020. Scott Pelley visited to find out what was behind the shift this election.

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