Trump’s war against the Powell Fed has taken another political turn

Key Points

Federal Reserve Chair Jerome Powell now heads into his next challenge: a potential threat that President Donald Trump could undermine his authority by soon naming his pick to head the central bank.
In the wake of the intense criticism, Wall Street has been buzzing over the potential for a “shadow chair,” or someone Trump could install as a central bank gadfly until Powell’s term expires.
A report indicated that Trump is considering naming the successor sooner than expected in an attempt to influence interest rate policy.

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Finance

Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell

July 19, 2025

Key Points If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would set off a courtroom battle that would likely head to the Supreme Court. Most people familiar with the situation say Powell would sue if Trump tries dumping him. Despite seemingly low chances of success, going after Powell still could […]

Finance

Block shares soar 10% on entry into S&P 500

July 18, 2025

Key Points Block is joining the S&P 500, replacing Hess as of July 23. Hess is exiting the index upon its acquisition by Chevron. Source

Finance

Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more

July 18, 2025

Here are some of the names making big moves in midday trading. Talen Energy – Shares popped more than 23%. Talen said that it has signed agreements to acquire Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Station in Ohio – a pair of combined-cycle gas-fired plants. The deal comes out to $3.5 […]