Trump, Fed and America
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Senate will proceed with Warsh’s Fed nomination
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VIEW Cooling Jan. inflation keeps Fed easing in play
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January’s jobs data, released on Wednesday, bolstered expectations that the Federal Reserve will hold interest rates steady for longer than previously expected.
On paper, the Fed chair is just one vote among many. In practice, the job carries far more influence. We analyze what gives the Fed chair power.
David Einhorn, founder of Greenlight Capital, predicted the Federal Reserve will cut interest rates “substantially more than two cuts” this year, arguing that markets are significantly underestimating the pace of monetary easing ahead.
Gold rebounded on Friday as investors digested U.S. inflation figures for guidance on interest rate direction after jobs data lowered rate cut expectations.
President Donald Trump expressed confidence in his Federal Reserve chair nominee Kevin Warsh to potentially drive the U.S. economy to greater heights. In an interview with Fox Business on Monday, Trump stated that if Warsh “does the job that he's capable of,
President Trump and top White House officials are ramping up pressure on the Federal Reserve to cut interest rates after two surprisingly strong economic reports. Data released by the Labor Department on Friday showed inflation falling below economist expectations in January,
Chicago Fed president Austan Goolsbee said after January's inflation data that further progress is needed before the Fed cuts rates again.