The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
WASHINGTON, D.C. – In a bold and controversial move, Mohamed El-Erian, a leading economist and president of Queen’s College at Cambridge University, has called on Federal Reserve Chair Jerome Powell to voluntarily step down to safeguard the Fed’s independence amid growing political and economic pressures.
photo Treasury Secretary Scott Bessent
the staff of the Ridgewood blog
Washington DC, Treasury Secretary Scott Bessent signaled Monday that it may be time for a sweeping review of the Federal Reserve—beyond the current controversy over costly renovations—to examine whether the central bank is truly fulfilling its mission.
the staff of the Ridgewood blog
Washington DC, in a pivotal decision with wide-ranging implications for executive power, the U.S. Supreme Court on Thursday sided with the Trump administration, granting a request that allows the president to fire members of certain independent federal agencies. However, the ruling notably excludes the Federal Reserve, reinforcing its special status as a quasi-private institution.
the staff of the Ridgewood blog
Washington DC, the Federal Reserve announced yesterday that it will keep its benchmark interest rates unchanged, holding steady at a target range of 4.25% to 4.5% for the third consecutive meeting. The move comes amid mixed economic signals and ahead of critical U.S.-China trade talks set to begin later this week.
the staff of the Ridgewood blog
Ridgewood NJ, as the U.S. economy grapples with market uncertainty and persistent inflation, questions are swirling about whether a future President Donald Trump could fire Federal Reserve Chairman Jerome Powell before his term ends in 2026. Legally speaking, the answer remains murky—but the political and financial implications are massive.
file photo
the staff of the Ridgewood blog
Chicago Il, Federal Reserve Chairman Jerome Powell issued a cautious economic outlook on Wednesday, stating that the central bank will “wait for greater clarity” before considering any changes to interest rates. His comments come amid rising concerns that President Trump’s tariffs may fuel both higher inflation and slower economic growth, creating a policy dilemma for the Fed.
Continue reading Fed Chair Jerome Powell: Tariffs Could Spark Higher Inflation, Slower Growth