In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
U.S. stock futures were moving lower in early action on Friday, on the heels of the first record for the S&P 500 of 2024. Dow Jones Industrial Average futures fell 15 points, or 0.03%, to 44,732
BlackRock Inc. Chief Executive Larry Fink raised the possibility on Friday that the Federal Reserve might need to hike interest rates, though not right away, while speaking in Davos at the World Economic Forum.
Progress reducing the rise in consumer prices has stalled, with recent data coming in hotter than expected. By pressuring the Federal Reserve, Trump could reignite inflation.
At the World Economic Forum in Davos, industry leaders debated Bitcoin’s role as a reserve asset, the memecoin frenzy and crypto’s future amid Trump’s return to the Oval Office.
The Fed now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy. "They've got a new administration with a new set of fiscal policies, and the monetary policy has to respond to that," Bank of America chair and CEO Brian Moynihan told Yahoo Finance at the World Economic Forum in Davos, Switzerland.
Tuesday saw the World Economic Forum in Davos begin in earnest. Not even a star turn from David Beckham could stop AI dominating conversations.
President Donald Trump took his America First economic platform to the international community Thursday, promoting tax cuts, oil extraction, and tariffs at the World Economic Forum at Davos.
While speaking at the World Economic Forum at Davos on Jan. 23rd, president Donald Trump announced plans to force the Federal Reserve into cutting interest rates without delay, escalating what will likely become a renewed battle with the central bank.
U.S. President Donald Trump delivered remarks Thursday in a video appearance at the World Economic Forum’s annual gathering in Davos, Switzerland.