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Politicizing the Fed could have long-term economic consequences, according to former Bridgewater Associates chief investment strategist Rebecca Patterson.

Since taking office in January, Trump has placed the Fed directly in the crosshairs of executive power.

Waller said he believes the Fed can use its power over rates to stave off further labor market weakening. "So, let's get on with it," he said.

The merger fever that's gripped Italy's banking sector showed signs of abating this summer — but its end isn't nigh.

Affirm's earnings per share of 20 cents for the quarter was almost double what Wall Street expected.

The document calls the fraud allegation "unsubstantiated and unproven" but does not go into detail about why that is the case.

The influential policymaker avoided commenting directly on Trump's efforts to fire Cook.

Travelers could score discounts on high-end items like watches and clothing by buying overseas. However, the strategy comes with risks.

"The alternative market is becoming less alternative," BlackRock's Jon Diorio said. "It's growing very rapidly as public markets are shrinking."

Trump is the first president to attempt to fire a Fed governor since Congress established the central bank in 1913, Evercore ISI said.

Friday's booming rally turned into Monday's reality check as investors weighed just how aggressive the Federal Reserve will be.

Remarks from Fed Chairman Jerome Powell sparked a broad stock market rally on hopes of an interest rate cut sooner than later.