Trump’s Fed Pick Isn’t Just a Gold Bug – She’s Also a Crypto Bull

White House economic adviser Judy Shelton made headlines last week after President Donald Trump nominated her to the Federal Reserve Board of Governors. The mainstream press and finance industry were surprised to learn Trump's Fed pick is a "gold bug." She advocates returning the U.S. Dollar to the "gold standard." President Trump's Fed Nominee Dr. […]

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Reagan-Era Economist Wants Donald Trump Controlling the Central Bank

Legendary economist Art Laffer believes President Donald Trump - not an independent board of governors - should control the reigns of the US Federal Reserve. Laffer told CNBC's "Squawk Box" that the president, along with Congress, should govern the cen...

Dow Surges to Record Territory as Markets Eye Titanic Rate Cut

The Dow and broader U.S. stock market approached record highs on Wednesday, as traders doubled down on their bets that the Federal Reserve will cut interest rates aggressively to bolster a weakening economy. Dow Hits Intraday High; S&P 500, Nasdaq ...

Dow Suddenly Recovers After Fed Chair Powell Tees Up a Rate Cut

The Dow executed a sudden recovery on Wednesday after Federal Reserve Chair Jerome Powell appeared to signal that the US central bank will capitulate to Wall Street’s rabid desire - and President Trump’s frequent demands - for an interest rate cut. Dow...

Dow Futures Crumble as NY Fed’s Recession Indicator Screams Red

Dow Jones futures point to another weak open on Wall Street on Wednesday. As Federal Reserve chairman Jerome Powell prepares his speech to Congress, a crucial recession light is flashing red. The New York Federal Reserve recession indicator is now at h...

Dow Braces for 3rd Straight Loss Ahead of Messy Trump-Powell Clash

The Dow underperformed the broader U.S. stock market on Tuesday, as demand for riskier assets waned ahead of key congressional hearings involving Federal Reserve Chairman Jerome Powell. Beginning Wednesday, the embattled central-bank chief will likely ...

Dow Cringes as Wall Street Fears Painful Fed U-Turn

The Dow stumbled toward a third straight loss on Tuesday as Wall Street braced for Federal Reserve Chair Jerome Powell to initiate a painful U-turn on interest rate policy. Dow Strings Together Another Loss All of Wall Street’s major indices suffered a...

Economy Too Strong for a Rate Cut, Says Ex White House Official

The Dow Jones and the broader U.S. stock market were in solid form in the first half of 2019 despite geopolitical tensions on several fronts. The Dow and the S&P 500 hit new highs a week ago thanks to the Federal Reserve’s dovish monetary policy ou...

Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market’s bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool’s gamble. That’s according to e...

Dow Creeps Higher as Trump Stacks Fed with Rate-Slashing Allies

Dow Jones futures traded higher on Wednesday as Trump aims to stack the Federal Reserve in his favor. In a series of tweets last night, he revealed his picks for the two empty chairs on the Fed’s board of governors. The names are Christopher Wall...