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But just because the S&P 500 and Nasdaq Composite have hit new highs doesn't mean Wall Street's biggest showdown -- Donald Trump vs. Federal Reserve Chair Jerome Powell -- is taking a back seat.
The central bank has defied Trump's public criticism for months, adopting a wait-and-see approach as central bankers observe the effects of tariffs.
The Observer on MSN3hOpinion

Why Reeves would do best to bank on Bailey

Bailey must be well aware of this. It shows not only in his opposition to Reeves’s advocacy of deregulation, but also in a ...
Setting rates is sometimes more art than science, especially when the economy keeps defying predictions. Fed officials are ...
"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by ...
The reason for dissent on the Federal Reserve Board over interest rates only furthered calls for transparency and the release of meeting transcripts. “WHAT IS THE REST […] ...
As was widely expected, Fed policymakers on Wednesday left the central bank's overnight rate unchanged at a range of 4.25% to ...
The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from her term and will exit the central ...
One of the seven members of the Federal Reserve Board of Governors, Adriana Kugler, is stepping down next week, creating an ...
President Donald Trump is firing the head of the federal agency in charge of tracking hiring data after a ...
President Trump, who has waffled back-and-forth in recent weeks over whether he would move to oust Federal Reserve Chair ...
With President Donald Trump's latest executive order on tariffs now set to go into effect Aug. 7, and Friday's report of a ...