10:10 AM EDT, 07/22/2025 (MT Newswires) -- The Richmond Fed's monthly manufacturing index fell to a reading of minus 20 in July from minus 8 in June, compared with expectations for an increase to minus 2 reading in a survey compiled by Bloomberg as of 7:40 am ET, suggesting a faster pace of contraction. In contrast, the Empire State and...

(Reuters) -President Donald Trump's administration has ramped up its pressure on Federal Reserve Chair Jerome Powell ahead of the U.S. central bank's July 29-30 policy meeting, with White House officials reviewing an ongoing $2.5 billion renovation project for compliance with planning requirements and Treasury Secretary Scott Bessent calling for an exhaustive review of the Fed's non-monetary operations, all while Trump...

WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell kept rates too high and will be out in eight months, President Donald Trump said at a news conference on Tuesday. I think he's done a bad job, but he's going to be out pretty soon, he said from a meeting at the White House with Philippine President Ferdinand Marcos Jr. ...

WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell kept rates too high and will be out in eight months, President Donald Trump said at a news conference on Tuesday. I think he's done a bad job, but he's going to be out pretty soon, he said from a meeting at the White House with Philippine President Ferdinand Marcos Jr. ...