US Treasury Secretary Scott Bessent says the search for Fed Chair Jerome Powell's successor is formally underway and suggests ...

Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several ...

Deutsche Bank has issued a warning about the potential consequences of President Donald Trump replacing Jerome Powell as the ...

Consumer prices probably rose 2.6% last month from a year ago, up from an annual increase of 2.4% in May, according to data provider FactSet. The Labor Department will issue its inflation report at ...

Treasury Secretary Scott Bessent told Bloomberg on Tuesday a “formal process” has been launched to find Federal Reserve Chair ...

Central bankers prefer the Personal Consumption Expenditures price index instead of the US CPI data to gauge inflation ...

Inflation rose by three tenths of a percentage point to 2.7% for the year ending in June, the Bureau of Labor Statistics reported Tuesday in an update to the consumer price index. Forecasters had ...

US Treasury Secretary Scott Bessent suggested that Federal Reserve Chair Jerome Powell should step down from the central bank’s board when his term as chair is up in May 2026.

"The President said he's not going to try to remove Jay Powell," Dimon told reporters in a conference call. "The independence of the Fed is absolutely critical, and not just for the current Fed ...

The process to choose the next head of the Federal Reserve is getting under way, Treasury Secretary Scott Bessent said, suggesting that when current Chair Jerome Powell is replaced, he should also ...