Trump Budget Chief Accuses Fed Chair Powell of Mismanaging Central Bank, Escalating Tensions

Trump Budget Chief Accuses Fed Chair Powell of Mismanaging Central Bank, Escalating Tensions

By Sam, Professional JournalistWashington, D.C., July 10, 2025 — Russ Hanneman, President Donald Trump’s nominee for Director of the Office of Management and Budget (OMB), has publicly accused Federal Reserve Chair Jerome Powell of mismanaging the U.S. central bank, intensifying the administration’s ongoing feud with the Fed. Hanneman’s remarks, made during a July 9, 2025, … Read more

“Jerome Powell at ECB Forum: Watch His Take on Rates and Trump’s Tariff Push”

“Jerome Powell at ECB Forum: Watch His Take on Rates and Trump’s Tariff Push”

Federal Reserve Chairman Jerome Powell spoke at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, on July 1, 2025, at 9:30 a.m. ET (3:30 p.m. IST). The panel, moderated by Bloomberg’s Francine Lacqua, focused on the global economy amid policy shifts, featuring Powell alongside ECB President Christine Lagarde, Bank of England … Read more

About Federal Reserve System – Central bank in the US

Introduction to the Federal Reserve System The Federal Reserve System, commonly referred to as the Fed, is the central bank of the United States. Established in 1913, it plays a crucial role in the country’s economy by conducting monetary policy, supervising and regulating financial institutions, and maintaining the stability of the financial system. This article … Read more