Trump’s case against Fed chair Powell
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The average rate on 30-year fixed home loans registered 6.74% for the week ending July 24, down just barely from 6.75% last week.
The Fed’s interest-rate decision, July jobs numbers, a key tariffs deadline, fresh inflation data, and earnings from big tech companies highlight a packed economic and corporate calendar this week. Investors will be watching for more trade deals ahead of the Friday deadline for tariffs regarding several leading U.
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.
Federal Reserve Chair Jerome Powell and his colleagues will step into the central bank’s board room on Tuesday to deliberate on interest rates at a time of immense political pressure, evolving trade policy,
The yearslong project to overhaul the U.S. central bank’s headquarters in Washington, D.C., has run into multiple hurdles, including higher-than-expected groundwater at the site.
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Project 2025 lays out an overhaul of the Fed, saying "Congress should limit its mandate to the sole objective of stable money."
The Fed is expected to keep rates steady, but Powell will get questions on Fed independence. Apple, Microsoft, Meta and Amazon report earnings. U.S. and EU announce trade deal.
Donning white hard hats for their tour of the Federal Reserve’s construction site, President Trump and Fed Chair Jerome Powell almost immediately began squabbling over the cost of the renovations. WSJ