“President Trump’s exasperation over the Federal Reserve’s take-it-slow approach to cutting interest rates is prompting him to consider accelerating when he will announce his pick to succeed Chair Jerome Powell, whose term runs for another 11 months,” the Wall Street Journal reports.

“In recent weeks, the president has toyed with the idea of selecting and announcing Powell’s replacement by September or October, according to people familiar with the matter. One of these people said the president’s ire toward Powell could prompt an even-earlier announcement sometime this summer.”

President Donald Trump criticized Federal Reserve Chair Jerome Powell after the central bank kept rates steady for a fourth time, CNBC reports.

Trump said “Too Late” Powell is costing the United States “hundreds of billions of dollars” by not cutting rates, leveling a familiar criticism against the Fed chair who has repeatedly ignored Trump’s pressure campaign to cut rates.

Trump called Powell a “real dummy.”

“Sen. Bernie Moreno (R-OH) is providing some supporting Senate fire in President Trump’s unrelenting assault on Fed Chair Jerome Powell,” Axios reports.

“Senate Republicans have largely defended Powell in the face of Trump’s attacks and guarded the Fed’s independence. But Moreno is sending a clear signal that tariffs and interest rates will be part of the conversation for whoever succeeds Powell at the Fed.”

Bloomberg: “There is no better barometer of global investors’ repudiation of President Donald Trump’s policies than the dollar. Since he took office, it’s lost more than 10% of its value against the euro, pound and Swiss franc and is down against every single major currency in the world.”

“The last time the dollar plunged this much, this fast was in 2010, when the Federal Reserve was frantically printing money to prop up the economy in the wake of the financial crisis.”

“This time, it’s several of the key pillars of the Trump agenda that are driving investors away: the across-the-board tariff hikes that shocked allies and upended trade; the push to ram through tax cuts that would add to bloated deficits and debt; the pressure campaign to get the Fed to slash interest rates; and the bare-knuckled legal tactics employed against those who oppose his policies.”

“Federal Reserve officials left the door open to cutting interest rates in the second half of the year when they agreed to hold rates steady Wednesday,” the Wall Street Journal reports.

“President Trump pre-emptively blasted the widely anticipated rate decision earlier in the day and called for much more dramatic cuts of between 1 and 2.5 percentage points. The Fed left its policy rate in a range between 4.25% and 4.5%.”

“An adage on Wall Street holds that it is unwise to play politics with your portfolio. Americans are increasingly doing just that,” the Wall Street Journal reports.

“A Gallup poll this spring showed that Democrats who expected stocks to tumble over the next six months exceeded Republicans by 59 percentage points. Republicans expecting stocks to climb over that period topped Democrats by 47 percentage points.”

“Secretary of Defense Pete Hegseth sold off 23 stocks ahead of President Donald Trump’s sweeping tariff announcement and the ensuing stock market plunge in early April,” NOTUS reports.

“Hegseth reported selling between $100,000 and $550,000 in stocks on March 24. Those stocks included Microsoft, Apple, Amazon, Walmart, Lowe’s and about 20 other companies — almost all of which saw stock prices plummet after Trump’s April 2 announcement.”

“In the days before President Donald Trump suddenly paused most of the punishing tariffs on foreign countries he had revealed in early April, more than a dozen congressional lawmakers were tied to thousands of dollars’ worth of stock transactions, including significant purchases as the US stock market tumbled,” CNN reports.

“A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent,” Bloomberg reports.

“President Donald Trump said Friday he would name a successor “very soon” to replace Jerome Powell, whose term as Fed chair ends in May 2026. The small list of candidates under consideration has included Kevin Warsh, a former Fed official whom Trump interviewed for the Treasury secretary role in November.”

President Trump  urged Federal Reserve Chairman Jerome Powell to slash interest rates by a full percentage point, despite a better-than-expected result from the Labor Department’s latest jobs report, CNBC reports.

Reuters: “The feud, which exploded in spectacular fashion over the course of a few hours, pushed shares of electric vehicle maker Tesla down dramatically. The company, where Musk serves as CEO, closed down 14.3% for the day and lost about $150 billion in value after Trump and Musk began their war of words.”

Politico: “Trump-appointed regulators are nearing completion of a proposal that would relax rules on how much of a capital cushion the nation’s largest banks must have to absorb potential losses and remain solvent during periods of economic stress… It could be released in the coming months.”

“JPMorgan Chase Chief Executive Jamie Dimon delivered a dire warning for the markets, predicting a crisis unless the U.S. takes steps to address its spiraling national debt,” the Wall Street Journal reports.

Said Dimon: “You are going to see a crack in the bond market, OK? It is going to happen.”

“American Bitcoin, a new bitcoin miner backed by U.S. President Donald Trump’s two eldest sons, said on Monday it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining,” Reuters reports.

New York Times: “Stock markets jumped on Tuesday, with the S&P 500 posting its biggest gain in weeks. The index rose 2 percent in afternoon trading, which analysts attributed to President Trump’s delaying a proposed 50 percent tariff on the European Union that he had threatened only a few days earlier.”

“They also talked about tacos.”

“Or rather, the ‘TACO’ trade, which is short for Trump Always Chickens Out. The tongue-in-cheek term, coined by a Financial Times columnist, has been adopted by some to describe the pattern in which markets tumble after Mr. Trump makes tariff threats, only to rebound just as sharply when he relents and gives countries more time to negotiate deals.”

Victoria Guida: “As Republicans haggled this week over a tax bill that would add trillions to federal deficits, the long-term cost of financing the national debt surged. That wasn’t a coincidence — it was a warning. And it was as gently as the bond market is going to warn the U.S. that the path of the national debt is a problem…”

“In conversations with investors this week, I heard a new level of focus on the sheer volume of debt that Washington is set to pump out and, in some cases, real concern about how it will play out in markets. It was a shift from the perennial elite conversation, where the consensus has generally been that the debt is a worry, but not an immediate one. … Congress is not known for heeding gentle warnings.”