Fed's Williams Sees No Immediate Need for Rate Cuts Amid Legal Pressure
New York Fed President John Williams said monetary policy is well positioned and sees no near-term reason to cut rates, while the Fed faces legal threats to its independence.
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New York Fed President John Williams said monetary policy is well positioned and sees no near-term reason to cut rates, while the Fed faces legal threats to its independence.
The Federal Reserve implemented rate cuts in 2025, facing public criticism from President Trump, who removed a Fed governor. Fed Chair Powell announced a criminal investigation into his testimony, linking it to political pressure.
Mortgage rates remain near 2025 lows, with the 30-year fixed at 6.16%. President Trump proposes bond purchases to lower rates, while the Fed's 2025 cuts and Treasury yields influence the market. Experts advise buyers not to wait for further drops.
Mortgage rates fell after President Trump announced two home affordability initiatives, including a ban on large investors in single-family real estate and a $200 billion mortgage bond purchase plan.
US stocks recovered from early losses to close higher Monday, with the S&P 500 hitting a record. Gains came despite pressure from Fed subpoena news and Trump's credit card rate cap threat. Data storage, chip makers, and mining stocks led advances.
US stock indexes closed at record levels on Monday despite a criminal probe into Fed Chair Jerome Powell. Gold and silver surged, while bank stocks fell after Trump's warning on credit card rates.
The dollar fell Monday after Fed Chair Powell said Justice Department criminal threats stem from not following Trump's rate cut calls. Gold and silver surged to record highs.
Alamos Gold shares surged to an all-time high on Monday, rising over 118% in the past year as gold prices set new records. The move follows news of a criminal investigation into Federal Reserve Chair Jerome Powell, with some experts labeling it a 'Sell America' trade.
Gold and silver surged to all-time highs after Fed Chair Powell cited threats from the Trump administration. Analysts link the rally to safe-haven demand and geopolitical tensions.