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Trump–Powell Showdown Intensifies as White House Floats Criminal Charges

                                                       Donald Trump and Federal Reserve Chair Jerome Powell A dramatic escalation in the long‑running tension between President Donald Trump and Federal Reserve Chair Jerome Powell has thrust the independence of the U.S. central bank into the spotlight. The conflict deepened after Powell disclosed that the Department of Justice had issued grand jury subpoenas to the Federal Reserve—an action he suggested was politically motivated. The inquiry centers on Powell’s congressional testimony about cost overruns tied to a Federal Reserve building renovation. Powell has dismissed the investigation as a pretext, arguing that the administration’s real aim is to pressure the Fed into cutting interest rates more aggressively, a move Trump has repeatedly demanded. The threat of potential...
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Bank of Canada’s Interest Rate Decision: What to Expect and What It Means for Canadians

 

The Bank of Canada’s interest rate decision is expected to be announced on Wednesday, January 24th, 2024. 

Economists are eagerly watching for any hints on when the bank plans to start cutting interest rates. Although the central bank might still keep the door open to more rate hikes on Wednesday, it’s unlikely that they’ll need to exercise that option.


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