Federal Reserve Archives

White House Confirms Trump Considering Firing Fed Chair Jerome Powell as Interest Rate Tensions Flare

The White House has confirmed that officials are looking into whether President Donald Trump can fire Federal Reserve Chair Jerome Powell. It comes as the administration accuses the central bank leader of "playing politics" with monetary policy. Speaking to reporters at the White House, Trump's economic adviser Kevin Hassett said:…

Supreme Court Shields Powerful Federal Agency from Future Congressional Oversight

The U.S. Supreme Court has ruled in favor of maintaining the Consumer Financial Protection Bureau's (CFPB) unique funding structure, shielding the powerful federal agency from congressional oversight. The Supreme Court's decision allows the CFPB to continue receiving funds directly from its parent agency, the Federal Reserve, without yearly congressional oversight,…

Thomas Massie Introduces Bill to Abolish Federal Reserve

Republican Rep. Thomas Massie (R-KY) has just introduced a bill to eliminate the U.S. Federal Reserve. Since it was created more than 110 years ago, the Fed has operated as the nation’s central banking system. Massie's "Federal Reserve Board Abolition Act," H.R. 8421, abolishes the Board of Governors of the…

Biden Admin: Digital Cash Is a ‘Key Duty’ of the Federal Reserve

Democrat President Joe Biden's administration has declared that the development of digital cash is a "key duty" of the U.S. Federal Reserve. The Fed and the Biden admin have been reassuring the public that they are not planning on introducing a central bank digital currency (CBDC) in the country. However,…

Republicans and Democrats Unite to Keep Big Bankers off Federal Reserve Boards

Two opposing U.S. senators have joined forces in a bipartisan effort to keep the presence of big banks away from Federal Reserve boards of directors. Sens. Elizabeth Warren (D-MA) and Rick Scott (R-FL) have proposed a bipartisan bill to keep big bankers off the boards of regional Federal Reserve banks.…

Biden Admin May Freeze Bank Withdrawals as Currency Fears Soar, Expert Warns

A top economic expert has warned that Democrat President Joe Biden's administration may be planning to freeze all U.S. bank withdrawals. The warning comes as fears over the banking crisis and the stability of the economy continue to soar. According to macroeconomics guru Hugh Hendry, the Biden admin could literally…

Federal Reserve Hikes Interest Rates to Highest Levels since 2008 Crash

The U.S. Federal Reserve has just announced fresh hikes to take interest rates to the highest levels seen since the eve of the 2008 financial crash. The Fed hiked its benchmark federal funds rate by a quarter of a percentage point on Wednesday. The move marks the 10th in a…

Ex-Fed President Kaplan Warns Banking Crisis Is ‘More Serious’ Than Public Knows

Former Federal Reserve Bank of Dallas President Robert Kaplan has warned that the mounting banking crisis is "more serious" than the American public realizes. Kaplan says the situation is direr than commonly believed and he's calling the central bank to pause its rate hiking cycle. In an interview on Bloomberg…

Elon Musk Issues ‘Dire’ Warning to America: ‘Last Time Fed Raised Rates Going into a Recession Was 1929’

Twitter CEO Elon Musk has issued a warning to America about the "dire situation" emerging from Democrat President Joe Biden’s bungling of the economy. Musk sat for an interview with Tucker Carlson and called out Federal Reserve Chair Jerome Powell for some of his head-scratching moves. "This is a dire…

Robert F. Kennedy Jr. Warns ‘Digital Cash’ Is ‘Ultimate Mechanism’ for ‘Control’

Robert F. Kennedy Jr. has issued a warning to the public that the global push for "digital cash" is being driven by an agenda to usher in an "ultimate mechanism" for "social surveillance and control." Kennedy, a candidate for the Democratic Party's 2024 nomination, is speaking out against central bank…