Donald Trump called Jerome Powell a ‘numbskull’ for keeping interest rates high. Trump believes Powell’s policies hurt the housing market. He also suggested Powell might be politically motivated. Treasury Secretary Scott Bessent criticized the Fed’s spending on building renovations. Bessent wants the Fed to focus on its core monetary policy duties.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention