Updated: 19h| Published: 33h
The Federal Reserve, led by Jerome Powell, implemented its third 0.25 percentage-point cut to its benchmark interest rate, setting the target range between 3.50% and 3.75%.Donald Trump criticized this decision as insufficient, having advocated for a larger 0.50 percentage-point cut, and is reportedly considering replacing Powell with Kevin Hassett.Powell indicated the central bank remains cautious on future reductions, with policymakers weighing the economic outlook, while market experts offer varied opinions on further policy adjustments.
Tags

#USA

#JeromePowell

#FederalReserve

#DonaldTrump

#KevinHassett

Read more
Business Insider NPR PBS CNBC Mercury News LA Times CBS FAZ La Stampa SVD Le Monde DN EFN
Discuss
Español
Français
Deutsch
Italiano
Svenska
4
Earth
USA
Europe
Tags

#KevinHassett

#

JeromePowell

The Federal Reserve, led by Jerome Powell, implemented its third 0.25 percentage-point cut to its benchmark interest rate, setting the target range between 3.50% and 3.75%. Donald Trump criticized this decision as...

33h/19h
#

KevinHassett

European stock market futures pointed higher as investors awaited the Federal Reserve policy decision and assessed incoming economic data, with CME FedWatch tool signaling an 89% chance of a rate cut. The S&P 500 closed...

4 Dec/5 Dec
#

DonaldTrump

Donald Trump has effectively narrowed down his search for the next Federal Reserve Chairman to Kevin Hassett, whose appointment is favored by markets and has raised concerns among bond investors and bank executives....

1 Dec/3 Dec
Threads Facebook X Instagram Bluesky
Terms Privacy
Stockholm, Sweden
+46 (0)8 525-171-42 Email