‘I’d love to fire his ass,’ Trump says of Fed Chair Jerome Powell

The president jokingly told Treasury Secretary Scott Bessent that his job is also on the line if interest rates don’t come down, as poll shows inflation will be a key issue in 2026 midterm elections. Continue reading

Mortgage rates drop sharply as Powell shifts stance on rate cuts

Investors pushed bond yields and mortgage rates down Friday after Fed chair says policymakers are starting to see unemployment as a bigger risk to the U.S. economy than inflation. Continue reading