Wall Street CEOs support Fed independence as Trump administration investigates Powell

CEOs of Wall Street’s top banks, JPMorgan Chase and BNY, expressed support for the independence of the US Federal Reserve on Tuesday, days after the Trump administration opened a criminal investigation into Fed Chairman Jerome Powell.The administration’s investigation into Powell this week drew condemnation from former Fed chiefs and criticism from key members of the […]

The dollar is fluctuating as markets worry about threats to the Fed’s independence

The dollar held on to losses on Tuesday after the Trump administration opened a criminal investigation into Federal Reserve Chairman Jerome Powell, a move that threatens the central bank’s independence and confidence in US assets. Investors were still trying to come to grips with news of the investigation unveiled late Sunday, a move that drew […]