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  • Apr 20, 2025

Dollar slides to three-year low as Trump attacks threaten Fed's independence

The dollar tumbled on Monday to its lowest level in three years as investor confidence in the U.S. economy took another hit over President Donald Trump's attacks on the Federal Reserve chairman, potentially putting the central bank's independence under threat. White House economic adviser Kevin Hassett said on Friday that the president and his team were continuing to study whether they could fire Powell, just a day after Trump said Powell's termination "cannot come fast enough" as he called for the Fed to cut interest rates.

  • Apr 20, 2025

Oil falls nearly 3% on signs of progress in U.S.-Iran talks, demand fears

NEW YORK (Reuters) -Oil prices fell nearly 3% on Monday on signs of progress in talks between the U.S. and Iran, while investors remained concerned about economic headwinds from tariffs which could curb demand for fuel. Brent crude futures were down $1.84, or 2.7%, at $66.12 a barrel by 10:48 a.m. EDT (1448 GMT), after closing up 3.2% on Thursday.

  • Apr 20, 2025

Fed's Goolsbee hopes US not moving to where monetary independence is questioned - CBS 'Face the Nation'

Goolsbee, responding to a question on CBS' "Face the Nation" about President Donald Trump's outbursts last week against Fed Chair Jerome Powell, said economists agree that central banks that have the ability to conduct monetary policy with no political tampering have better outcomes for their economies. "I strongly hope that we do not move ourselves into an environment where monetary independence is in question, because that would undermine the credibility of the Fed," he said.

  • Apr 20, 2025

Fidelity, Goldman find tariff haven in Asian consumer stocks

(Bloomberg) -- The global trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs. Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveTrump Signs Executive Orders on Federal Purchasing, Office SpaceNashville’s $3 Billion Transit Plan Brings a Call for

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