Tag: jerome powell
Jerome Powell’s job just got a whole lot easier as inflation data sidesteps disaster
July’s inflation report went about as well as the Fed (and the White House) could have hoped for.
The Consumer Price Index (CPI) summary...
A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts
NEW YORK – A top official at the Federal Reserve said Saturday that this month's stunning, weaker-than-expected report on the U.S. job market is...
Trump to nominate top economic aide Stephen Miran to Federal Reserve board
WASHINGTON – President Donald Trump said Thursday he will nominate a top economic adviser to the Federal Reserve’s board of governors for four months,...
Markets are near-certain of a September rate cut as more presidents turn dovish overnight
For the majority of 2025, analysts and investors have begrudgingly backed the stance of Jerome Powell and the Federal Open Market Committee (FOMC). Looking...
Who’s on Trump’s shortlist for Jerome Powell’s replacement
In 12 months’ time a different hand will be guiding the Federal Reserve. Chairman Jerome Powell is due to stand down in May of...
Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent
WASHINGTON – President Donald Trump said Tuesday that he's whittled down his list of potential Federal Reserve chair candidates to four as he considers...
The Latest: Texas Democrats prevent state redistricting by leaving the state
Texas Democrats on Monday prevented their state’s House of Representatives from moving forward, at least for now, with a redrawn congressional map sought by...
Labor department’s data upset may have sealed the deal for a base rate cut
Until Friday, analysts had little confidence that the U.S. Federal Reserve was about to deliver an interest rate cut, but last week’s revisions to...
A vacancy on the Fed is opening early as Trump urges board to ‘assume control’ if Powell doesn’t cut rates
Fed Governor Adriana Kugler announced Friday she is stepping down from her position earlier than expected, giving President Donald Trump the chance to expand...
It’s Trump’s economy now. The latest financial numbers offer some warning signs
WASHINGTON – For all of President Donald Trump’s promises of an economic “golden age,” a spate of weak indicators this week told a potentially...