Trump, Jerome Powell and Fed
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Chicago Federal Reserve president Austan Goolsbee on Friday expressed support for Jerome Powell and central bank independence when asked about pressure being applied by President Trump, saying the Fed chair is a “totally honorable guy.
Markets this week focus on Powell’s speech and earnings from Coca-Cola and GM, with Alphabet, Tesla, and key PMI data due later this week.
Massachusetts Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, offered support Wednesday for Federal Reserve Chair Jerome Powell, whose policies she frequently criticizes.
President Donald Trump has frequently voiced dissatisfaction with the Fed’s “wait-and-see" approach to lowering interest rates under Powell.
The Indian rupee weakened past a key support level on Thursday to hit a three-week low, pressured by a broadly stronger dollar, even as exporter dollar sales and portfolio inflows helped the local currency limit its losses.
The National Park Service is asking boaters to avoid an area in Lake Powell while fire airplanes collect water to fight the Bridge Creek Fire.
Rev. John Powell, who died Thursday, July 10, is being celebrated for his life of service and dedicated to youth and families in the Pensacola area.