a Fed tour sparked unexpected Trump praise for Powell
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The Senate on Thursday advanced the controversial nomination of Emil Bove, teeing up a final vote on his lifetime appointment to an appeals court. Bove, who is currently serving in the No. 3 role at the Justice Department, has been nominated by President Trump for a judgeship on the 3rd Circuit Court of Appeals. The…
Among the strongest performers, Thermo Fisher Scientific rose 12%, topping the leaderboard for large-cap stocks, followed by T-Mobile US, up 9%.
The president wanted to take Jerome Powell, the Fed chair, to task over the cost of renovations to the central bank’s headquarters, but Mr. Powell was having none of it.
The Federal Reserve hasn’t seen two governors break ranks with the board since 1993. It could happen at this month’s FOMC meeting.
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A sprawling $2.5 billion project to renovate the central bank’s headquarters in Washington has become the focal point of attacks from the Trump administration.