A recent letter from the White House is raising eyebrows in Washington — with some analysts speculating it may be part of a broader push to remove Federal Reserve Chair Jerome Powell. The letter, issued by the White House Office of Management and Budget (OMB),

The U.S. dollar experienced fluctuations after President Trump addressed rumors of firing Federal Reserve Chair Jerome Powell, denying the claim yet acknowledging its possibility under fraud suspicions.

Trump denies plans to fire Fed Chair Jerome Powell, despite past tensions and market uncertainty over monetary policy

USD/CNY traded in tight on Thursday after the PBOC again set a firmer-than-expected fix, aiming to cushion the yuan due to market volatility. Currency markets were on edge amid speculation over Federal Reserve

The chances of a Fed rate cut in September have spiked, driven by rising uncertainty over Jerome Powell's future. Over the last week, multiple reports

This on-again, off-again approach has fueled a wave of uncertainty, compounding concerns over monetary policy and the potential fallout from a sudden change in leadership at the Fed. With the administration making no secret of its desire for lower rates, the prospect of disruption looms large.

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The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor."

Powell’s coyness has raised speculation that he could stay on the board if Trump picks a nominee who is overly deferential to the president’s demands, said Neil Dutta, head of economic ...