Neel Kashkari said the Trump administration’s actions against the Federal Reserve reflect monetary policy disagreements. He backed Jerome Powell after a Justice Department investigation, warning that political pressure threatens central bank independence. Despite escalating tensions, markets remain steady amid bipartisan support and expectations that the Supreme Court will recognise the Fed’s distinct status.
US stocks today: US market ends higher, S&P 500, Nasdaq notch biggest monthly gains in years
U.S. stocks surged on Thursday, with the S&P 500 and Nasdaq achieving their largest monthly gains in years. Strong corporate earnings, particularly from tech giants