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The Trump administration's criminal investigation of Federal Reserve Chair Jerome Powell appeared on Monday to be emboldening defenders of the U.S. central bank against the efforts of President Trump to control the Fed.
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Meta names former Trump advisor Dina Powell McCormick as president, vice chair CNBCMeta taps former Trump adviser to be president, vice chair PoliticoFacebook Parent Meta Needs So Much Capital It Hired Its Own Banker, Dina Powell McCormick Barron'sMeta Taps Former Trump Adviser for New Role Driving AI Buildout Bloomberg.com
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A Republican senator with leverage says he won't support a nominee for Fed chair until the Justice Department's probe of Jerome Powell is resolved.
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President Trump wants to see a 10 percent cap on interest rates before the end of the month.
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South Korea's Lee to head for Japan summit a week after meeting China's Xi ReutersSouth Korea president says Japan-China dispute not desirable for regional peace ReutersJapan will host summit with South Korea to bolster ties as Tokyo's relations with Beijing worsen ABC NewsIn Nara, Seoul and Tokyo gauge room for cooperation on trade and history The Korea Herald
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Powell adds that it's the result of a power struggle between the Fed and President.
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With credit card interest rates near modern highs, President Trump says he wants to cap the rates for one year.
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