Yes, Trump wants Powell out mainly because the Fed boss refuses to lower interest rates and juice the economy. But let’s pause a moment to contemplate the construction-site fiasco. Trump chose to tour the facility because he wanted to make Powell look like a fool.

Amid all the mounting political pressure on the Federal Reserve to resume cutting interest rates, Chair Jay Powell is already overseeing the loosest financial conditions in the U.S. economy since before the central bank started hiking early in 2022.

Airline sector shows resilience with strong demand and positive earnings, indicating robust consumer and corporate spending despite earlier geopolitical concerns. Netflix reporting after close, remains a streaming leader, but valuation concerns persist; overall, stocks continue mild melt-up with benign retail and jobless data supporting stability.

At least three Federal Reserve policymakers spoke out this week in favor of holding interest rates steady for the time being, in contrast to two who said they were open to the idea of cutting the fed funds rate in July,

President Donald Trump visited the Federal Reserve's headquarters to inspect a costly renovation project. His visit highlights escalating tension over monetary policy as the Fed readies for a crucial meeting.

An escalating debate within the Federal Reserve about the case for interest rate cuts is not going to be settled by a new inflation reading that offered ammunition for both hawks and doves.

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