Jerome Powell, Fed and Trump
Digest more
Even if Trump fails to remove Powell, he may still try to undermine the Fed chairman by announcing his replacement soon — way before Powell’s term expires in May 2026, says OCBC’s .
Mr. Bernanke and Ms. Yellen are both economists and former chairs of the Federal Reserve. As former chairs of the Federal Reserve, we know from our experiences and our reading of history that the ability of the central bank to act independently is essential for its effective stewardship of the economy.
18h
YEN.com.gh on MSNUS Treasury chief says no reason for Fed chair to step downUS Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to resign immediately, a day after calling for a sweeping review of the Fed. The Treasury chief had told CNBC earlier in the day that "what we need to do is examine the entire Federal Reserve institution and whether they have been successful.
NZD/USD gathers strength to near 0.6005 in Wednesday’s early session. Struggle over the Fed’s independence continues to undermine the US Dollar. Cooler CPI inflation in New Zealand hints at early rate cuts by RBNZ.
Goldman Sachs Chief Executive David Solomon, Bank of America head Brian Moynihan and Citigroup’s Jane Fraser said on Wednesday the central bank’s ability to operate without White House or political interference is critical to the U.S. economy and financial markets. They followed JPMorgan Chase CEO Jamie Dimon, who said the same thing on Tuesday.
(Reuters) -Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday said the central bank's ability to set monetary policy without political interference is "very important." "It's very important
16h
Inquirer Business on MSNBessent calls for US Fed ‘internal review’WASHINGTON, United States - US Treasury Secretary Scott Bessent called Monday for the Federal Reserve to conduct an "exhaustive internal review of its non-monetary policy operations,"
It is becoming clear what the major challenge will be for Jerome Powell's successor: maintaining the Fed's independence while keeping President Trump happy.
The U.S. economy is mostly in good shape but that isn’t saving Federal Reserve chair Jerome Powell from a spell of angst.