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Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for a period of time, to be determined,” saying the “unprecedented” legal attacks by the Trump administration have put the independence of the nation’s central bank at risk. CBC | World News
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Criminal probe into Federal Reserve chairman Jerome Powell is ending, U.S. Justice Dept. says
The Justice Department is closing its investigation into cost overruns in renovations at the Federal Reserve under chairman Jerome Powell, U.S. Attorney Jeanine Pirro said on Friday. CBC | World News
Read More »U.S. federal reserve chair says justice department has threatened him with criminal indictment
U.S. Federal Reserve Chair Jerome Powell said on Sunday the Trump administration had threatened him with a criminal indictment and served grand jury subpoenas over Congressional testimony he gave last summer regarding a Fed building renovation project. CBC | World News
Read More »Edmonton Oilers place newly acquired goalie Tristan Jarry on injured reserve
The Edmonton Oilers have placed goaltender Tristan Jarry on injured reserve. Jarry left Edmonton’s 3-1 win at Boston on Thursday night late in the second period after he slid quickly from his left to right trying to make a save. CBC | Sports News
Read More »Trump cannot fire Federal Reserve governor Lisa Cook, court rules
A U.S. appeals court declined on Monday to allow Donald Trump to fire U.S. Federal Reserve Governor Lisa Cook — the first time a president has pursued such action since the central bank’s founding in 1913 — in the latest step in a legal battle that threatens the Fed’s longstanding independence. CBC | World News
Read More »Donald Trump dealt public blow as Federal Reserve defies US President’s major call
Donald Trump had previously made his opinion on the key matter clear. Daily Express :: News Feed
Read More »Canary Islands sunbed wars hits new level as tourists in Tenerife reserve space on floor
As the sunbed wars hit new heights, tourists in Tenerife have been caught trying to reserve space before they are even put out. Daily Express :: Travel Feed
Read More »Trump claims he can fire Federal Reserve chair ‘if I want him out’
U.S. President Donald Trump attacked U.S. Federal Reserve Chair Jerome Powell on Thursday for not cutting interest rates and said he could fire him if he wanted to, renewing a threat from his first term that could cause a major legal showdown over the issue of the central bank’s long-standing political independence. CBC | World News
Read More »U.S. Federal Reserve expected to hold rates steady
The U.S. Federal Reserve is expected to hold interest rates steady on Wednesday as it awaits further inflation and jobs data and more clarity on the economic impact of President Donald Trump’s policies before deciding whether to cut borrowing costs again. CBC | World News
Read More »U.S. Federal Reserve cuts interest rates by another quarter point
The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signalled that it expects to reduce rates next year more slowly than previously thought, with inflation still well above the central bank’s two per cent target. CBC | World News
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