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Trump Reaffirms No Plans to Remove Powell Amid DOJ Probe

                                               Federal Reserve Chair Jerome Powell arrives at the U.S. Federal Reserve                                                        in Washington, U.S., January 13, 2026. U.S. President Donald Trump said he does not currently intend to fire Federal Reserve Chair Jerome Powell, even as Powell faces a criminal investigation by the Department of Justice over alleged cost overruns tied to the Fed’s headquarters renovation project. In an interview, Trump emphasized that he has “no plan” to remove Powell but noted that it is still “too early” to determine whether the investigation could influence future decisions. He de...
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TSX and US Markets Rise Ahead of Earnings and Interest Rate Meetings

 


The Toronto Stock Exchange (TSX) and the US markets both posted gains on Monday, January 29, 2024, ahead of earnings and interest rate meetings. The S&P/TSX composite index closed up 74.78 points at 21,200.06. The Dow Jones Industrial Average was up 224.02 points at 38,186.08. The markets picked up steam in the afternoon as Treasury yields fell.


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