Jerome Powell

Justice Department Rules Out Reopening Powell Probe

The odds just went up that Jerome Powell will stay at the Federal Reserve until January 2028

Combined with separate disputes involving governors Lisa Cook and Michael Barr, Trump's decision to pin the headquarters spending issues on former Chair Jerome Powell means the president could potentially seek the removal of as many as three of the Fed's seven board members

Trump blames Biden for Jerome Powell even though he appointed him

President Donald Trump berated Jerome Powell for years as he sought to pressure the then-Federal Reserve chairman to cut interest rates

Investors are increasingly worried about government deficits and persistent inflation, driving up the price of money

Kevin Warsh is set to stick to his stripped-back communications style even after the Federal Reserve chairman’s decision to offer scant details of his strategy on interest rates fuelled a powerful sell-off in treasury bonds

Tight labor markets, digitization and remote work are among other parts of the mix

Artificial intelligence has become the default answer to almost every business problem

Economists and chief executives are divided over whether artificial intelligence is making American workers more productive yet

Economists and chief executives are divided over whether artificial intelligence is making American workers more productive yet

Former national security adviser Susan Rice on Thursday bashed the 14-point memorandum of understanding (MOU) signed by President Trump that kicks off a two-month negotiation period with Tehran

New Federal Reserve chairman holds US interest rates despite pressure from Donald Trump

Former Fed chair urges protection of America’s democratic institutions, warns they face a ‘stress test’

Outgoing Chair Jerome Powell has refused to leave the Fed Board of Governors, breaking with the modern custom that departing Fed chairs leave the Board rather than linger as rival power centers

GIR comprises foreign-denominated securities, foreign exchange and other reserve assets, such as gold

Warsh, wearing a dark suit and tie and accompanied by his wife, Jane Lauder, heiress to the Estee Lauder fortune, was sworn in by Supreme Court Justice Clarence Thomas after a lengthy introduction by President Donald Trump

Minutes reveal more hawkishness than previously thought at Fed’s April meeting

The new chair will succeed Jerome Powell, whose term expired Friday but who continues to serve on a pro-tempore basis until Warsh officially takes over

Powell Named as Interim Fed Leader Pending Swearing In of Warsh

In his eight years at the helm of America's central bank, Jerome Hayden Powell has guided the U.S. economy through extreme tumult and fought off unprecedented presidential efforts to undermine the Federal Reserve's independence

Almost as soon as his inauguration was over and done with, he began repeating the date as a totem which would free him from Jerome “Jay” Powell

The vote was largely down party lines with just one Democratic senator — Pennsylvania’s John Fetterman — joining the chamber’s 53 Republican senators in backing him

The Senate vote on Tuesday passed 51-45, with a single Democrat, John Fetterman of Pennsylvania, casting his vote with the Republican majority to confirm Warsh for a 14-year term

It was only five months after Powell took the reins of the Fed in 2018 that Trump began to tweet his frustration at the central bank chief, who was gradually increasing rates in an effort to return borrowing costs to more normal levels as the economy finally healed from the 2008 financial crisis

Kevin Warsh is scheduled to start work at the Federal Reserve next Friday, the same day that Presidents Donald Trump and Xi Jinping are due to wrap up their summit

Rather than dwelling on a long list of mishaps — significant policy errors, protracted periods of the Fed overshooting its inflation target, poor communication and compliance, supervisory and other lapses — commentators and historians will remember Powell as the chair who became a bulwark against unprecedented attacks on the central bank’s independence

The Senate is expected to vote on the nomination of Powell's successor, Kevin Warsh, as soon as next week

Acting Attorney General Todd Blanche is pleasing President Donald Trump by supporting a ridiculous indictment of former FBI Director James Comey over a benign photo

Trump appointee Pirro vows to abide by Fed IG findings

U.S. Attorney for the District of Columbia Jeanine Pirro may have suspended her criminal investigation into outgoing Federal Reserve Chair Jerome Powell, but she and her office remain at the center of the power struggle over the influential central bank

Other people in formal attire sit behind him with bottles and glasses of water scattered on their desks

Bond investors brace for ‘volatile’ Federal Reserve transition as Powell stays on

Fed holds rates steady for third straight meeting as four officials dissent

Consumer spending projected to have slowed further as inflation reduces spending power

There’s a growing risk of “compute inequality,” in which those without huge hardware resources are exposed and get left behind

But the decision was notably 8 to 4, the highest number of dissenting votes since October 1992 — and a glimpse of the fractured board that Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, is set to take over

Markets are not waiting for the calendar to tick over to lean into the 'sell in May' adage, with crude prices surging and stocks sinking this morning

Four of the so-called Magnificent Seven tech stocks, the most valuable publicly traded companies in the world, reported their quarterly financial results on Wednesday

A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve

Trump, Bessent Blast Powell’s Choice to Stay at the Fed

But that doesn’t reflect the wide swings it took during the Powell era — from a low range of 0% to 0.25% during the pandemic to a high of 5.25% to 5.50% from mid-July 2023 through mid-September 2024, when the Fed was trying to beat back inflation

While the Federal Reserve decision to hold off on any interest rate cuts since December is generally good news for savers, some banks have lowered their payouts anyway