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Senator Warren presses Trump over DOJ probe of Fed Chair Powell

Senator Warren presses Trump over DOJ probe of Fed Chair Powell

By Ann Saphir and Andrea Shalal Feb 6 (Reuters) - U.S.
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Former White House Advisor Highlights Federal Authority and Economic Policy for U.S. Industrial Growth

Former White House Advisor Highlights Federal Authority and Economic Policy for U.S. Industrial Growth

In a recent video presentation, Jim Rickards, a former advisor to the CIA, Pentagon, and White House, discussed the potential impact of federal authority and economic policy on the U.S. economy as the nation approaches its 250th anniversary. Rickards emphasized the importance of Public Law 63-43, a century-old statute, in shaping current economic strategies. He highlighted initiatives aimed at rebuilding domestic production, reducing foreign supply chain reliance, and expanding energy and critical material development. Federal agencies are accelerating support for infrastructure, mining, and industrial projects. Rickards also noted the potential influence of upcoming changes in Federal Reserve leadership on monetary policy and economic conditions.
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Exclusive-Fed's Daly sees labor market vulnerabilities, room to cut interest rates

Exclusive-Fed's Daly sees labor market vulnerabilities, room to cut interest rates

By Ann Saphir Feb 6 (Reuters) - San Francisco Federal Reserve President Mary Daly on Friday said she thinks one or two more interest rate cuts may be needed to counteract weakness in the labor market, where workers are "walking a knife's edge" with higher prices eating into their wages and scarce
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Bessent says up to Trump whether Warsh might be sued over policy choices

Bessent says up to Trump whether Warsh might be sued over policy choices

By Michael S. Derby Feb 5 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday declined to commit that the Trump administration would not sue Kevin Warsh, its nominee to lead the Federal Reserve, if he follows a monetary path opposed by the president.
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President Trump Criticizes Federal Reserve's Interest Rate Decisions Amidst Nomination of Kevin Warsh

President Trump Criticizes Federal Reserve's Interest Rate Decisions Amidst Nomination of Kevin Warsh

President Donald Trump has expressed dissatisfaction with the Federal Reserve's current interest rate policies, suggesting that his nominee for the Fed chair, Kevin Warsh, aligns with his preference for lower rates. In an interview, Trump stated that Warsh would not have been considered for the position if he had shown an inclination to raise interest rates. Trump emphasized his belief in his understanding of the economy, suggesting that the Fed should follow his lead. The Federal Reserve, under Jerome Powell, has maintained steady interest rates after a series of cuts, citing inflation and labor market conditions as guiding factors. Trump has been critical of Powell for not implementing more aggressive rate cuts and has accused the White House of pressuring the Fed through investigations.
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On Capitol Hill, Treasury Secretary Bessent’s testimony descends into insults and shouting matches

On Capitol Hill, Treasury Secretary Bessent’s testimony descends into insults and shouting matches

A hearing with Treasury Secretary Scott Bessent turned chaotic Wednesday as Democratic lawmakers clashed with him over fiscal policy and Trump family conflicts
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U.S. dollar rebound to be cut short by rate cut bets, doubts over Fed independence: Reuters Poll

U.S. dollar rebound to be cut short by rate cut bets, doubts over Fed independence: Reuters Poll

By Sarupya Ganguly BENGALURU, Feb 4 (Reuters) - The U.S. dollar's recent recovery will be short-lived, holding steady before resuming a broader decline later in the year, a Reuters survey of currency strategists showed, as markets cling to interest rate cut expectations amid concerns about the
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President Trump Confident in Federal Reserve's Likely Interest Rate Reduction

President Trump Confident in Federal Reserve's Likely Interest Rate Reduction

President Trump Confident in Federal Reserve's Likely Interest Rate Reduction
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Europe's central bank maintains interest rate with economic growth resilient

Europe's central bank maintains interest rate with economic growth resilient

The European Central Bank is leaving interest rates unchanged as the economy in the 21 countries that use the euro chugs past the disruption from U.S. President Donald Trump’s tariffs with growth modest, yet resilient
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Euro zone inflation dips in January as soft patch begins

Euro zone inflation dips in January as soft patch begins

FRANKFURT, Feb 4 (Reuters) - Euro zone inflation dipped last month, data showed on Wednesday, entering a soft patch that most economists expect will last for at least a year and keep the European Central Bank on hold.
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Factbox-Hedge funds jump into volatile January to reap returns

Factbox-Hedge funds jump into volatile January to reap returns

By Nell Mackenzie LONDON, Feb 4 (Reuters) - Hedge funds posted positive returns in January thanks to ripples of market volatility stemming from U.S. military action in Venezuela, questions around the independence of the Federal Reserve and a cold snap that sent natural gas futures flying.
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US services sector treads water in January as new orders slow

US services sector treads water in January as new orders slow

WASHINGTON, Feb 4 (Reuters) - The U.S. services sector held steady in January, but businesses paid more for inputs, suggesting that services inflation could pick up after being on a slowing trend in recent months.