WASHINGTON/NEW YORK, March 26 (Reuters) - While U.S. President Donald Trump has been brazen in his demands for the historically independent Federal Reserve to lower interest rates, his administration is also trying to quietly steer the central bank's policy in another critical area: oversight of Wall Street banks. Aiming to ease bank rules introduced after the 2008 crisis that it says are stymieing economic growth, the administration is now seeking more influence over the Fed's rule-writing and supervision ...

Bitcoin (BTC) is trading near $73,900, consolidating below the psychological $75,000 threshold as the executive branch intensifies public pressure on the Federal Reserve. The catalyst is President Donald Trump’s demand for an immediate “special meeting” to slash interest rates, a political challenge to central bank independence that is forcing markets to reprice the probability of premature liquidity expansion ahead of the March FOMC. While the Federal Reserve has maintained a restrictive stance to comba ...

A court ruling last week throwing out a pair of criminal subpoenas was a vindication for Fed Chair Jerome Powell. But it shows that Fed independence now depends on judges. https://t.co/BOBvnUEUkn ...

Core Viewpoint - The recent decision is favorable for Jerome Powell, indicating that the independence of the Federal Reserve is increasingly reliant on judicial outcomes [1] Group 1 - The decision reflects a significant shift in how the Federal Reserve's independence is perceived, now intertwined with the judicial system [1]

DEPARTMENT EXTENSIVELY. ARE YOU SHOCKED BY THIS I'M NOT SHOCKED, BUT IT IS AN INCREDIBLY RARE THING TO SEE A JUDGE QUASH GRAND JURY SUBPOENAS BECAUSE JEANINE PERRO IS RIGHT. A GRAND JURY CAN INVESTIGATE ALMOST ANYTHING FOR any reason.Its dealings are secret for that purpose, and it gets to gather information even about rumors. But what she didn't address was that grand juries can't do this unless they're doing it for proper cause in good faith. That's what Judge Boesberg's opinion said.It said that this cle ...

I think the most interesting thing is that she said they're going to appeal this because this she could have taken this as an offramp to end the investigation. She's not doing that. That would have gotten worse.Right. Because then Thom Tillis would have said, okay, I'm not going to pay this anymore. And that would have been a win for President Trump.She said, I don't know who this guy is and she doesn't care. Well, and the question to ask, though, it was an off ramp for President Trump to continue to pursue ...

I think the most interesting thing is that she said they're going to appeal this because this she could have taken this as an offramp to end the investigation. She's not doing that. That would have gotten worse.Right. Because then Thom Tillis would have said, okay, I'm not going to pay this anymore. And that would have been a win for President Trump.She said, I don't know who this guy is and she doesn't care. Well, and the question to ask, though, it was an off ramp for President Trump to continue to pursue ...

Core Viewpoint - The independence of the Federal Reserve is under scrutiny due to recent actions and comments from the administration, particularly regarding the pressure on Fed Chair Jerome Powell to lower interest rates [2][3]. Group 1: Evidence of Harassment - There is substantial evidence indicating that the subpoenas issued are primarily aimed at harassing Powell and pressuring him to reduce interest rates [2]. - The administration's public statements, particularly from the president on social media, have been interpreted as attempts to influence the Fed's decisions [2]. Group 2: Historical Context - Previous administrations refrained from criticizing the Fed or taking actions that could undermine its independence, highlighting a significant shift in the current administration's approach [3]. - The current situation is seen as a potential failure for the administration, as it challenges the traditional respect for the Fed's autonomy [3].

Paul, you've written a lot over the last few months about Fed independence, not necessarily related to this case, but the Lisa cold case and some other things. I don't know how much you had to hear of what Jeanine Pirro had to say right now, but when you think about those subpoenas and you think about her response to the judge's decision today, are we still now in a world where Fed independence is a question mark. Well, you know, the judge I read a little bit of the ruling, which is is quite brutal, he said ...

All right, Mike. Catch us up, first of all, because there were so many investigations going on, but this one seemed to relate directly to the alleged cost overruns and whether there was something, I guess, potentially criminal in them, but not in the criminal in the in the buildings themselves. But what happened was Jay Powell went up for his semiannual testimony before the Senate Banking Committee, and they asked him about this.And his answer was somewhat noncommittal. And the president decided or Jeanine ...