Federal Reserve Archives

💱 Dollar Falls to Three‑Year Low Amid Reports Trump May Accelerate Fed Chair Pick

Markets React Sharply to Political Influence at the Fed On June 26, 2025, the U.S. dollar plunged to its weakest level in over three years following reports that President Donald Trump may nominate a successor to Federal Reserve Chair Jerome Powell as early as September or October of this year, well ahead of Powell’s official…

📌 Powell to Push Back on Calls for Fed Rate Cuts as Soon as July

Cerus1 week ago1 week ago04 mins

Federal Reserve Chair Jerome “Jay” Powell signaled today that he intends to resist growing pressure to initiate interest rate cuts at the Fed’s next policy meeting in July, setting the stage for a deeper division within the Fed and renewed friction with President Trump. 🛑 Powell Floors Calls for Early Cuts In testimony before the…