Federal Reserve, Powell
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A U.S. senator's recent push to strip the Federal Reserve of a key aspect of how it controls interest rates and the battle over who will succeed Fed Chair Jerome Powell point to a future where some of the tools policymakers use to influence the economy come under greater scrutiny.
With gold prices high and a new Fed meeting slated for this week, here's what investors should be considering now.
The CNBC Fed Survey found the leading contenders to succeed Jerome Powell as Fed Chair are Treasury Secretary Scott Bessent, former Fed Governor Kevin Warsh and Kevin Hassett, the National Economic Council director.
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Barchart on MSNGrant Cardone Warns Fed Chair Powell is Pushing The U.S. into a Crash That Will Make The ‘2008 Market Housing Crisis Pale in Comparison’Grant Cardone warns that without intervention on 10-year Treasury rates, the institutional and commercial real estate sectors could face a crisis greater than 2008.
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The Federal Reserve, by not cutting interest rates, is risking the creation of a deflationary downturn called a Kindleberger Spiral, a leading bond manager says.
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Wall Street chugged mostly higher in premarket trading as Chinese and U.S. officials begin a second day of trade talks.
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Even while the Fed left its benchmark rate unchanged, many consumer rates have fluctuated over the first half of the year.
The U.S. central bank, to President Donald Trump's chagrin, will likely leave interest rates unchanged at a policy meeting this week, but that's not to say there won't be a vigorous debate, with one if not two Federal Reserve governors possibly casting a rare dissent in support of lower borrowing costs.