Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might be looming between the incoming administration and the central bank.

StashAway thinks Trump’s threats of outsized tariffs are a starting point for negotiation with trade partners, and will likely be implemented in a “more targeted manner”.

The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.

U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to outperform.

Federal Reserve Vice Chair for Supervision Michael Barr seeks legal counsel to potentially challenge any removal attempts by President-elect Donald Trump. Barr, appointed by President Biden, may face conflict with the new administration as Trump has shown interest in increasing influence over the Fed.

WASHINGTON — President-elect Donald Trump campaigned on the promise that his policies ... Trump could point a finger at the Federal Reserve, and in particular at its chair, Jerome Powell, whom Trump himself nominated to lead the Fed.

President-elect Donald Trump has been clear about his ire for the press for years. His latest verbal attacks, legal actions and cabinet appointments signal he is ready to increase his efforts to quiet critical reporting.

When the Fed last published its quarterly outlook in September, for instance, a solid majority on its monetary-policy committee projected that their most important inflation gauge would retreat to 2.2% next year.

Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the cryptocurrency.

When it comes to the economy, the Republican president-elect won't express any gratitude toward the Democratic incumbent, but he probably should.

Gold Price Today: The price of 24-carat gold fell Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 77,340 according to the GoodReturns website. The price of silver fell by Rs 100, with one kilogram of the precious metal selling at Rs 91,300.