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Donald Trump announces he will have a "majority" on the Fed
World FX news
Breaking news
Donald Trump announces he will have a "majority" on the Fed
New
2025.08.27 05:47
2025.08.27 05:47
2025.08.27 05:47
United States (US) President Donald Trump stepped in it on Tuesday, declaring that there would soon be a majority of rate-cut voters on the Federal Reserve's (Fed) interest rate setting voting body, the Federal Open Market Committee (FOMC).
Key highlights
I have good people for Fed's Cook replacement, I have somebody in mind.
Powell gets out quickly, fortunately.
We will have a majority shortly on the Fed.
We might switch Miran to another longer-term Fed spot.
Interest rates must come down for housing costs.
I think we have to have lower interest rates.
I'd abide by the courts.
Last updated
: 2025.08.27
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AUD/USD holds steady near key technical levels
AUD/USD is holding steady between familiar technical levels after catching a thin bid on Tuesday. US economic releases will take a breather on Wednesday, giving Aussie traders a chance to catch their breath, at least after the next round of Australian Consumer Price Index (CPI) inflation data.
New
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2025.08.27 04:12Canadian Dollar gains ground on Greenback weakness
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2025.08.27 03:41EUR/USD threads water below 1.1650
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2025.08.27 03:32Forex Today: Australian inflation comes to the fore
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2025.08.27 03:16Gold holds just below $3,400 as Fed drama hits dollar
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2025.08.27 02:05Disclaimer:
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