Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty ImagesThe Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source...
Category: Finance
Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations
Office of Management and Budget Director Russell Vought vowed Friday to press an investigation into renovations at the Federal Reserve building, which he called a "palace" where costs are running amok.In a potential escalation of President Donald Trump's feud with Fed Chair Jerome Powell, Vought told CNBC that an investigation...
Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and signs of labor market weakness and economic strength.Minutes from the June 17-18 meeting released Wednesday showed that policymakers largely held to a wait-and-see position...
Trump ‘big beautiful bill’ gives top 1% biggest tax cuts in these states
Speaker of the House Mike Johnson, R-La., speaks to reporters as he walks back to his office as the House of Representatives waits to vote on President Trump's "big beautiful bill" reconciliation package on July 3, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesA massive package of tax cuts...
Slam dunk? Fundstrat’s Tom Lee considers two new themes for his Granny Shots ETF
Long-time market bull Tom Lee is considering two new themes for his Fundstrat Granny Shots US Large Cap ETF. On CNBC's "ETF Edge" this week, he revealed sovereign security could soon make the cut. "It's now evident to me that the mechanisms are in motion for companies to really fix their supply...