News

Trump calls on the Federal Reserve board to take full control of the central bank from Powell
President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.
Trump rules out Bessent as next Fed chair
President Trump said Tuesday he was taking Treasury Secretary Scott Bessent off the list of prospective candidates for the next chairman of the Federal Reserve. “Well I love Scott, but he wants to ...
Kugler’s sudden exit from Fed accelerates Powell succession planning: UBS
The unexpected resignation of Federal Reserve Governor Adriana Kugler on Friday has fast-tracked the search for a successor ...
Fed recap: Powell says no decision on September, must wait to see tariff impact on inflation
The central bank kept its target rate at a range of 4.25% to 4.50%, but two policymakers disagreed with the decision.
Powell Under Siege as Fed Plans to Stand Pat on Rate Cuts
Jerome H. Powell, the Federal Reserve chair, is facing relentless attacks from the president, a lively campaign to replace ...
Waiting for a Fed rate cut? Chair Powell offered few signals of one, economists say
Nothing tariffs are starting to push up prices, Powell said the Fed is already “looking through” goods inflation by not ...
Fed’s Powell sticks with patient approach to rate cuts, brushing off Trump’s demands
The chair acknowledged that if the Fed cut its rate too soon, inflation could move higher, and if it cut too late, then the ...
A vacancy on the Fed is opening early as Trump urges board to ‘assume control’ if Powell doesn’t cut rates
In the press conference following the Fed’s decision to keep rates unchanged, Powell hesitated to guide toward a rate in the ...
Trump set to announce replacement for Fed governor Kugler this week. Is this a tryout for the Fed Chair?
President Donald Trump said he plans to name a replacement this week for Federal Reserve governor Adriana Kugler, whose ...