Treasurys, Dollar Whipsawed by Reports on Trump’s Plan for Fed
By Ezra Fieser and Carter Johns"Just threatening to 'fire' him is a bad precedent. It sends a bad message to the market," said Schwab's Kathy Jones.
July 16, 2025
Trump Denies Plan to Axe Powell After Floating Idea to LawmakersHe said Wednesday: "I don’t rule out anything, but I think it’s highly unlikely, unless he has to leave for fraud."
July 16, 2025
Trump Likely to Fire Powell Soon, White House Official SaysIn doing so, Trump would test the legal bounds of his authority over the central bank and independent agencies.
July 15, 2025
Vanguard's CEO Looks to Innovate Without Selling OutThe firm is moving into AI and private credit while striving to maintain its low-cost ethos, Salim Ramji says.
July 15, 2025
Workers Think They'll Need $1.3M to Retire: SurveyOnly 30% believe they will reach $1 million in savings, Schroders research found.
July 15, 2025
Bonds Steadied Annuity Issuers in Q2: Morgan StanleyBut the issuers faced other economic risks, analysts warned ahead of earnings season.
July 15, 2025
Hightower Names Longtime Goldman Exec as Chief Advisory OfficerScott Hadley is filling the new role at the wealth manager, tasked with overseeing advisor engagement and support.
July 15, 2025
BD Fined $100,000 for Failing to Review Reps' Instant MessagesInvestment Placement Group didn't reasonably supervise use of an approved messaging platform, FINRA said.