Fed, Trump and Jerome Powell
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The dollar steadied near two-week lows on Friday, on track for its biggest weekly drop in a month, as investors contended with U.S. tariff negotiations ahead of a deadline while looking ahead to central bank meetings next week for clues on policy.
The president makes a rare visit to the U.S. central bank to inspect an extensive $2.5 billion renovation his advisers have criticized.
Deputy Attorney General Todd Blanche met with Jeffrey Epstein accomplice Ghislaine Maxwell as the Justice Department seeks the release of grand jury transcripts from the case against the late financier and convicted sex offender.
Amid an escalating campaign by the Trump administration against Federal Reserve Chair Powell, an AI-generated letter made its rounds online.
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Filed in the U.S. District Court for the District of Columbia, Azoria Capital's lawsuit claims that the bank's closed-door meetings violate the Government in the Sunshine Act of 1976.
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Fed staff told reporters that it would have been less expensive to just build a new building rather than restore the two historic properties.
Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.