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fromLondon Business News | Londonlovesbusiness.com
1 week ago

European stocks firmer after Wall St dips on banks - London Business News | Londonlovesbusiness.com

Gold keeps cranking higher with spot prices moving to a new all-time high a whisker off $4,640, while silver extended its parabolic rally to clear $90. Crude prices were at three-month highs with Brent (continuous) running into resistance at the 200-day moving average around $65.75, as flagged in yesterday's note. WTI spiked to $61.50 - as noted on Friday a clear break above $59 was likely to see a swift move toward the $60-61 area.
US politics
US politics
fromFortune
1 week ago

Why the DOJ's subpoena of Jerome Powell backfired so quickly, emboldening Republicans to stand up to Trump | Fortune

The Trump administration opened a criminal investigation into Fed Chair Jerome Powell, prompting bipartisan defense of Fed independence amid concerns over presidential overreach.
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more#us-dollar
#federal-reserve
US politics
fromFast Company
1 week ago

DOJ subpoenas the Federal Reserve, threatening criminal indictment, says Jerome Powell

The Department of Justice subpoenaed the Federal Reserve and threatened criminal charges over Powell's testimony about a $2.5 billion renovation, challenging Fed independence.
US politics
fromFortune
1 week ago

'Sell America': Investors dump U.S. assets in fear of the end of Fed independence | Fortune

Replacement Fed chair faces criminal prosecution risk for defying President Trump's preferences, threatening Federal Reserve independence and causing financial market volatility.
fromFortune
1 week ago
US politics

'Sell America': Investors dump U.S. assets in fear of the end of Fed independence | Fortune

more#federal-reserve
US politics
fromBusiness Insider
1 week ago

The Powell probe is an unprecedented move from Trump's familiar playbook

Trump pressured the Federal Reserve by prompting a criminal investigation into Chair Jerome Powell to push for lower interest rates.
#jerome-powell
fromFortune
4 months ago
US politics

Powell showed he's still 'firmly in control' after White House adviser Miran's first FOMC meeting, former Fed official says | Fortune

fromFortune
4 months ago
US politics

Powell showed he's still 'firmly in control' after White House adviser Miran's first FOMC meeting, former Fed official says | Fortune

more#jerome-powell
US politics
fromFortune
1 week ago

DOJ probe on Powell draws swift backlash from Congress as key GOP senator says he won't confirm anyone for the Fed until case is resolved | Fortune

DOJ criminal inquiry into Fed Chair Jerome Powell jeopardizes the confirmation process and raises concerns about political pressure on the Fed.
US politics
fromAxios
2 months ago

What to know about Trump's finalists to replace Powell as Fed chair

Five finalists for Federal Reserve chair include Kevin Hassett and Christopher Waller, raising concerns about White House influence versus central bank independence and market confidence.
Business
from24/7 Wall St.
4 months ago

Nasdaq Composite Live: All Eyes are on Nvidia Earnings

Nvidia reports earnings after the bell tomorrow while markets slip following President Trump's removal of Fed Governor Lisa Cook; AMD was upgraded to buy.
Business
fromFortune
4 months ago

Global selloff in the markets: Investors got a look at a world where the dollar isn't a reliable reserve currency and decided they didn't like it

Political moves to remove a Fed governor and threaten China tariffs triggered global market and bond selloffs, raising fears about Fed independence and the dollar.
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