US President Donald Trump is likely to stick with convention when he picks the next Federal Reserve Chair, according to one of the world’s biggest bond managers.

The Trump administration has changed its tune on federal funding for disasters following the Texas floods that swept through Kerr County. GOP lawmakers took turns touring the damage in ...

The Fed’s prudent “wait-and-see” approach has the White House enraged. Trump has been very vocal that the politically independent central bank needs to slash the funds rate immediately by over 3%.