Fed, Trump and Powell
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Federal Reserve Chair Jerome Powell, nearing the end of his second four-year term as the chairman of America’s central bank, seems exhausted with the spotlight. After months of being badgered by President Donald Trump to cut interest rates, to having the ...
A sharp slowdown in hiring poses a growing risk to the US economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this year. Powell said in written remarks that despite the federal ...
Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.On an Air Force One flight to Asia with President Donald Trump, Bessent said he would engage in a ...