The Federal Reserve's headquarters is getting a major upgrade, but the project is way over budget. This has caught the attention of former President Donald Trump, who has been critical of Fed Chair Jerome Powell. The renovation of the Fed's main building and other structures in Washington, DC, has s
July 16, 2025, saw some ups and downs in the stock market. The S&P 500 went up by 0. 32%, ending at 6, 263. 70. The Nasdaq Composite also had a good day, gaining 0. 26% and hitting a new high for the year at 20, 730. 49. The Dow Jones Industrial Average added 231. 49 points, or 0. 53%, closing at 44
President Donald Trump has been sending mixed signals about Federal Reserve Chair Jerome Powell's job security. After hinting at firing Powell during a meeting with Republican lawmakers, Trump later downplayed the possibility, calling it "highly unlikely. " This back-and-forth has left many wonderin
Susan Collins, who leads the Federal Reserve Bank of Boston, thinks the economy is strong enough to handle tariffs without needing quick action from the Fed. She believes businesses and households are in good shape, which might help soften the blow of higher tariffs. This gives the Fed time to caref
Investors are cheering as the economy shows signs of slowing down. The S&P 500 hit a new high, and it seems like the bad news for workers is good news for stock markets. Why? Because when the economy isn't doing so well, the Federal Reserve might cut interest rates. Lower interest rates usually mean
The idea of naming a new Federal Reserve chair well before Jerome Powell's term ends could lead to some serious market confusion. President Trump has hinted that he'll announce his pick soon and wants someone who will lower interest rates. Powell, however, has been cautious, citing a strong economy
The latest numbers on inflation in the US show that prices are still going up, but not as fast as some people thought. The Personal Consumption Expenditures (PCE) Price Index, which is a big deal for the Federal Reserve, went up by 2. 3% in May. That's a tiny bit higher than the month before, but it
The British pound recently reached a near four-year high against the dollar. This happened because of some big news about the US Federal Reserve. The Wall Street Journal reported that President Trump might name a new head of the Federal Reserve sooner than expected. This news made the dollar weaker
Jerome Powell, the head of the Federal Reserve, spoke up about tariffs and inflation during a recent chat with senators. He said that the new tariffs might make prices go up in the coming months. This means that everyday items could cost more. Powell also mentioned that most Fed officials think cutt
The Federal Reserve is thinking about making it easier for big banks to hold onto certain types of investments. This change could free up around $223 billion for some of the largest financial institutions in the country. The rule in question, known as the enhanced supplementary leverage ratio, was
