Tag: Federal Reserve
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Trump Ally Downplays DOJ Investigation of Fed Chair Powell
Overview of the Situation Donald Trump’s former top economic adviser, Kevin Hassett, sparked attention again as the Department of Justice (DOJ) opens a criminal inquiry involving Jerome Powell, the chair of the Federal Reserve. Hassett characterized the investigation with the remark that there is “nothing to see here,” a stance that echoes familiar political talking…
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Trump Aide Downplays DOJ Probe Into Fed Chair Powell
Context: DOJ Investigation and the Fed The investigation unfolding in Washington has placed Jerome Powell, the chair of the Federal Reserve, under a spotlight that intersects monetary policy with political controversy. While the Department of Justice pursues its criminal inquiry, a prominent voice from the Trump orbit, Kevin Hassett, pressed a cautious narrative: that there…
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Frustration in the White House Grows Over Pirro’s Powell Investigation Tactics
Rising Tensions Surrounding the Powell Inquiry The White House is grappling with mounting frustration over how the office of DC U.S. Attorney Jeanine Pirro has handled the criminal investigation into Federal Reserve Chair Jerome Powell. Officials inside the administration describe a process that blindsided them with the inquiry, leaving senior aides scrambling to manage political…
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Winston Peters targets Breman on Powell comments
Winston Peters weighs in on Breman’s Powell remarks New Zealand’s political corridor is buzzing after former deputy prime minister and long-time commentator Winston Peters took aim at Reserve Bank Governor Anna Breman over her comments related to U.S. Federal Reserve chair Jerome Powell. Peters, a veteran voice on economic policy, framed Breman’s statements as a…
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Ringgit Opens Lower Against USD, Rises vs Major Currencies
Overview: Ringgit moves in mixed directions The Malaysian ringgit opened lower against the U.S. dollar on Wednesday, even as it posted gains against several major currencies. Traders cited a mix of geopolitical risk factors, carry-over market sentiment from recent headlines, and ongoing political discourse about monetary policy as drivers behind the uneven moves in the…
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Dollar Falls as DOJ Opens Criminal Inquiry into Federal Reserve Chair Powell
Markets react to DOJ investigation into Federal Reserve chair The US dollar slipped on concerns over the independence of the Federal Reserve after prosecutors announced a criminal inquiry involving Federal Reserve Chair Jerome Powell. Traders and investors weighed the potential implications for monetary policy credibility and financial stability as the controversy intensified. The investigation’s announcement…
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Afternoon Update: Parliament Recalled to Tackle Hate Speech, Gun Reform; Trump Targets Fed Chair; Rose Byrne Wins Golden Globes
Overview Good afternoon. In a striking turn of events, Prime Minister Anthony Albanese has recalled Parliament two weeks early in response to the Bondi terror attack. The government is pressuring the Coalition and the Greens to back urgent legislation aimed at tougher hate speech laws and accelerated gun reform. Meanwhile, in other arenas, a high-stakes…
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Dollar Slips as DOJ Opens Investigation into Federal Reserve Chair Powell: Markets in Spotlight
Overview: Markets React to a Surprising Development The dollar gave back ground in early trading as news spread that the U.S. Department of Justice has opened a criminal investigation involving Federal Reserve Chair Jerome Powell. The announcement, coming amid broader concerns about U.S. monetary policy credibility and central-bank independence, sent shockwaves through currency and bond…
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Dollar Weakens as Prosecutors Probe Fed Chair Powell: Markets React
Overview: A shocking twist in U.S. markets The dollar and U.S. financial markets moved swiftly after reports that federal prosecutors have opened a criminal inquiry involving Federal Reserve Chair Jerome Powell. While investigations of central bankers are rare and sensitive, the development jolted traders who have grown used to the Fed’s independence being shielded from…
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Ringgit Edges Lower as DXY Strength Lifts US Policy Hopes
Rising DXY and US Policy Repricing Weigh on Ringgit Opening The ringgit opened marginally lower against the US dollar on Monday as a stronger U.S. Dollar Index (DXY) pressured the local currency. Dealers cited market expectations that the Federal Reserve might recalibrate its policy stance following softer U.S. jobs data released in the prior session.…