The #FederalReserve sets #MonetaryPolicy & #InterestRates, among other duties, & when #Congress established it, lawmakers worked to insulate it from #political #influence. Its leaders have 14-year terms & may be removed only “for cause.” But #Trump has increasingly attacked the #Fed, pressuring it to lower interest rates as well as trying to push out its chair, #JeromePowell, & fire board governor #LisaCook.
During the oral arguments, Justice Brett M. #Kavanaugh pressed Trump’s representative, Solicitor General D. John #Sauer, over the idea that a victory for #Trump could allow future admins to try to dismiss #Fed officials “at will.” [because, it’s only okay if this admin does it 🤦🏼♀️]
In the first hour, the justices sounded wary of siding with Trump’s view that he should have full discretion to decide what actions are grounds for removal.
The #FederalReserve sets #MonetaryPolicy & #InterestRates, among other duties, & when #Congress established it, lawmakers worked to insulate it from #political #influence. Its leaders have 14-year terms & may be removed only “for cause.” But #Trump has increasingly attacked the #Fed, pressuring it to lower interest rates as well as trying to push out its chair, #JeromePowell, & fire board governor #LisaCook.
Monthly inflation has edged up, which will likely give the Bank of England's Monetary Policy Committee al the justification they need for keeping interest rates where they are...
And will leave the economy still under-pressure from high(er) interest rates.
Don' forget interest rate policy take between 18-24 months to work its way through the economic system, so the BoE is ensuring the UK economy remains moribund well into 2027.
Monthly inflation has edged up, which will likely give the Bank of England's Monetary Policy Committee al the justification they need for keeping interest rates where they are...
And will leave the economy still under-pressure from high(er) interest rates.
Don' forget interest rate policy take between 18-24 months to work its way through the economic system, so the BoE is ensuring the UK economy remains moribund well into 2027.
Yen traders are on edge for the risk of renewed volatility in the currency as uncertainty over the nation’s snap election grows with a Bank of Japan meeting approaching next week. https://www.japantimes.co.jp/business/2026/01/17/markets/yen-boj-election-uncertainty/?utm_medium=Social&utm_source=mastodon #business #markets #sanaetakaichi #diet #lowerhouse #yen #currencies #boj #interestrates
Yen traders are on edge for the risk of renewed volatility in the currency as uncertainty over the nation’s snap election grows with a Bank of Japan meeting approaching next week. https://www.japantimes.co.jp/business/2026/01/17/markets/yen-boj-election-uncertainty/?utm_medium=Social&utm_source=mastodon #business #markets #sanaetakaichi #diet #lowerhouse #yen #currencies #boj #interestrates