In a show of unity, Federal Reserve Vice Chair Philip Jefferson recently praised Jerome Powell, the Fed's chair, calling him a person of the highest integrity. This comes after Powell revealed that the Department of Justice had subpoenaed the Fed and even threatened him with criminal charges. Powell
A recent probe into Federal Reserve Chair Jerome Powell has stirred up quite a bit of controversy. The investigation is about a renovation project that went over budget by a lot. Powell has denied any wrongdoing and believes the probe is politically motivated, aimed at pressuring him to lower intere
The financial world is buzzing with news that could impact your crypto investments. President Trump recently called out Federal Reserve Chair Jerome Powell, saying some not-so-nice things and hinting that changes might be coming. This has got traders thinking that interest rates could drop, which us
Last November, businesses in the US faced a tough time. Prices for goods and services shot up, and this trend might mean that consumers will soon see higher prices too. The latest numbers show that wholesale prices went up by 0. 2% in November compared to the month before. This means that over a ye
In a bold move, Jerome Powell, the head of the Federal Reserve, refused to back down when faced with pressure from the Trump administration. He called out the Justice Department's investigation into him as a clear attempt to influence the Federal Reserve's decisions. This is not just about Powell; i
A major banker has spoken up about the recent fuss around the Federal Reserve's boss. He thinks it's a bad idea to mess with the Fed's freedom to make decisions. The Fed's leader recently said some big shots in the government are giving them a hard time. They're saying he didn't tell the whole trut
The U. S. Senate has taken a big step to protect people from AI-generated explicit images. A new law, called the Defiance Act, lets victims sue those who create and share these images without permission. This comes after a surge of such content on platforms like X, owned by Elon Musk. The law builds
Bill Pulte, the head of the Federal Housing Finance Agency, played a big part in pushing for the Trump administration to subpoena the Federal Reserve. This move has stirred up quite a bit of tension, especially as President Trump is getting ready to pick a new leader for the Fed. Some of Trump's su
The Trump administration recently made a bold move against Jerome Powell, the head of the Federal Reserve. They started a questionable investigation into Powell's finances. This is unusual because the Fed is supposed to be independent. Powell, who is usually calm, spoke out. He said the investigatio
The latest numbers show the US job market is cooling down. In December, only 50, 000 new jobs were added, which is less than expected. This slowdown is partly because businesses are being careful about hiring due to trade issues and investing more in technology. The unemployment rate did drop to 4.
