Jerome Powell News

Trump Expresses Satisfaction Over Vacant Fed Board Position Amid Kugler's Resignation

President Trump comments on the resignation of Federal Reserve Governor Adriana Kugler, linking it to disagreements with Fed Chair Jerome Powell, and criticizes the fired BLS Commi...

Federal Reserve's Next Move: Powell Hints at Possible Rate Cut in September Amid Economic Uncertainty

Federal Reserve Chair Jerome Powell discusses the possibility of a key interest rate cut in September, citing upcoming employment and inflation data as critical factors. The curren...

Powell Warns: Trump's Tariffs Begin to Impact Consumer Prices and Inflation

Federal Reserve Chair Jerome Powell discusses how President Trump's tariffs are affecting consumer prices and inflation, noting the economic impact is still unfolding and retailers...

Powell Stands Firm: Fed's Rate Decisions Unswayed by US Debt Cost Concerns

Federal Reserve Chair Jerome Powell dismisses concerns over interest rates impacting US debt costs, affirming the Fed's focus on employment and price stability, independent of poli...

Powell Uncertain on Future Fed Rate Decisions Amid Mixed Economic Signals

Federal Reserve Chair Jerome Powell discusses the uncertainty surrounding future interest rate decisions, emphasizing the Fed's reliance on government data and commitment to its in...

Federal Reserve's Secrecy Upheld: Court Denies Public Access to Critical Rate-Setting Meeting

A US court rejected a lawsuit seeking to make the Federal Reserve's rate-setting meeting public, highlighting tensions between the Trump administration and Fed Chairman Jerome Powe...

Trump Urges Immediate Rate Cuts by Fed Chair Powell Amid Economic Success Claims

President Donald Trump advocates for Federal Reserve rate cuts during a meeting in Scotland, comparing US policies with global strategies and emphasizing the economic benefits of s...

Global Central Bank Leaders Rally Behind Powell, Emphasizing Independence Amid Political Pressure

RBI governor Sanjay Malhotra supports US Fed chief Jerome Powell amid political pressure, stressing the importance of central bank independence for economic stability and inflation...

OMB Director Vought Clarifies: Federal Reserve Review Aims Beyond Powell's Position

OMB Director Russell Vought reassures that the Federal Reserve's review isn't about firing Chair Jerome Powell, while urging for lower interest rates, following President Trump's v...

Trump Criticizes Federal Reserve Building Renovation, Advocates for Lower Interest Rates

Donald Trump criticizes the Federal Reserve building renovation during a visit with Jerome Powell and Tim Scott, calling for lower interest rates and questioning the project's cost...

President Trump Prepares for Federal Reserve Visit, Powell to Join Amid Renovation Controversy

President Donald Trump is set to visit the Federal Reserve building, with Fed Chair Jerome Powell and other notable figures attending. The visit focuses on the controversial renova...

Trump Administration Eyes Federal Reserve Renovation Amid Tensions with Powell

The Trump administration plans to inspect the Federal Reserve's $2.5 billion renovation, with potential implications for Fed Chair Jerome Powell amid existing tensions over monetar...

Trump Considers Kevin Hassett for Fed Chair Amid Speculations Over Jerome Powell's Future

President Donald Trump suggests Kevin Hassett as a potential Federal Reserve Chair, while not dismissing the idea of replacing Jerome Powell. Trump also comments on the ease of the...

Wall Street Rises as Trump Dismisses Rumors of Firing Fed Chair Powell Amid Strong Bank Earnings

Wall Street ended on a high note after President Trump denied plans to fire Fed Chair Powell, and as major banks reported strong earnings. The Dow, Nasdaq, and S&P 500 all posted g...

Gold Prices Surge 1% Amidst Speculations of Trump Firing Fed Chair Jerome Powell

Gold prices surged by 1% as investors turned to its safe-haven status amid rumors of Trump potentially firing Fed Chair Jerome Powell. Other precious metals also saw gains, with si...

Kevin Hassett Emerges as Top Pick for Next Federal Reserve Chair Amid Trump's Push for Lower Rates

Kevin Hassett, NEC Director, is now the leading candidate for the next Federal Reserve Chair, favored by President Trump for his stance on lower interest rates, amidst tensions wit...

Trump Holds Authority to Dismiss Fed Chair Powell Over Justifiable Causes, Hassett Reveals

White House economic adviser Kevin Hassett confirms President Trump's authority to fire Fed Chair Jerome Powell if justified, alongside discussing Trump's views on improving propos...

Exclusive: FHFA Chair Hints at Fed's Powell Possible Resignation Amid Economic Policy Debate

FHFA Chair William J. Pulte suggests Federal Reserve Chair Jerome Powell may resign, sparking debate over Fed's interest rate policies and their impact on the economy amidst politi...

Federal Reserve Chair Powell Clarifies: Bitcoin Purchases Beyond Legal Authority

Federal Reserve Chair Jerome Powell announced that the Fed lacks legal authority to buy Bitcoin, while also commenting on banks' freedom to engage with the crypto industry under ce...

Federal Reserve Announces Strategic 10% Workforce Reduction to Modernize Operations

The Federal Reserve is reducing its workforce by 10% to modernize operations, offering voluntary resignations to eligible employees. This move aims to streamline functions and cut ...

Federal Reserve Chair Jerome Powell Signals Era of Higher Long-Term Rates Due to Supply Shocks

Federal Reserve Chair Jerome Powell warns of higher long-term interest rates due to supply shocks, indicating a challenging period ahead for economic policy and inflation stability...

Fed Chair Powell Issues Stark Warning: Tariffs May Spike Inflation and Stunt Economic Growth

Federal Reserve Chair Jerome Powell warns that escalating tariff policies could lead to higher inflation and slower economic growth, as the Fed decides to hold interest rates stead...

Dow Futures Surge 400 Points as Trump Announces Groundbreaking UK Trade Deal Amid Fed's Steady Rates

Dow futures jump over 400 points as Trump announces a new UK trade deal and criticizes Fed Chair Powell, while the Fed holds rates steady, sparking a market rally.

US Stock Futures Rally Following Powell's Comments on Tariffs and Unemployment

US stock futures rose after Fed Chair Jerome Powell commented on the delayed impact of tariffs and the Fed's stance on unemployment. The Dow, Nasdaq, and S&P 500 all saw premarket ...

Dow Jones Soars Over 280 Points as Federal Reserve Holds Interest Rates Steady

US stocks surged with the Dow Jones gaining over 280 points after the Federal Reserve decided to keep interest rates unchanged. Fed Chair Jerome Powell emphasized patience but warn...

Fed Chair Powell Hints at Potential Policy Shifts Amid Rising Unemployment Concerns

Federal Reserve Chair Jerome Powell suggests that increasing unemployment rates may lead to changes in the Fed's monetary policy, with potential wide-ranging effects on the economy...

Fed Chair Powell Warns: Sustained Tariff Hikes Could Escalate Inflation and Economic Slowdown

Federal Reserve Chair Jerome Powell warns that sustained US tariff increases could lead to higher inflation, slower economic growth, and more unemployment, following the Fed's deci...

Fed Chair Powell Asserts Independence: Trump's Rate Cut Comments Won't Sway Our Decisions

Federal Reserve Chair Jerome Powell asserts the Fed's independence from political influence, emphasizing decisions are based solely on economic data and risks, not President Trump'...

Powell Warns of Potential Economic Shock from Tariffs, Yet Data Remains Unaffected

Federal Reserve Chairman Jerome Powell discusses the lack of significant economic impacts from tariffs in current data but warns of potential future shocks including higher inflati...

Fed Chair Powell Warns: Rising Tariffs Could Halt Inflation Progress and Economic Growth

Federal Reserve Chair Jerome Powell warns that rising tariffs could disrupt inflation control and economic growth, emphasizing the need for careful monitoring of economic data befo...

Fed Chair Powell Advocates Patience in Monetary Policy Adjustments Amid Economic Strength

Fed Chair Jerome Powell highlights a patient approach to monetary policy adjustments, citing a solid U.S. economy and cooling inflation, but warns of potential tariff impacts.

Federal Reserve Expected to Maintain Steady Interest Rates Amid Inflation Concerns

The Federal Reserve is expected to hold interest rates steady at its May meeting, focusing on inflation control despite economic slowdown and political pressures for rate cuts.