News

Trump: Bessent an option to replace Fed chair, 'but I like the job he's doing'
President Donald Trump said on Tuesday that Treasury Secretary Scott Bessent could be a candidate to replace Federal Reserve ...
Donald Trump's 'formal process' to replace Fed boss Jerome Powell already underway
President Trump, left, has accused Fed boss Powell, right, of being too slow to cut interest rates and this week described him as a 'knucklehead'.
Why Trump’s Fight Over the Fed’s HQ Renovation Matters
Analysts say the latest dust-up between President Donald Trump and Fed Chair Jerome Powell may be more than meets the eye and that markets may not be concerned enough about the situation.
Bessent: ‘Formal process’ underway to pick Powell successor
Treasury Department Secretary Scott Bessent on Tuesday said the process to pick a new chair of the Federal Reserve has started, ahead of Chair Jerome Powell’s term ending in 2026 and amid growing ...
Trump allies open new Powell line of attack
WASHINGTON: President Donald Trump and his allies have seized upon a new way to criticise the head of the US central bank: ...
Fed official reveals why America's economy remains 'really healthy' despite holding off on rate cuts
Bank of Cleveland President Beth Hammack said that she does not see an immediate reason to cut interest rates and that the ...
Fighting the Fed means more than switching chairs
The White House raised the specter of firing central bank head Jerome Powell over 'ostentatious' $2.4 bln renovations. Even ...
Can the Next Fed Chair Truly Be Independent From Trump’s Influence?
The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has ...
Two Kevins, one chair: The reality behind the next chairman of the Federal Reserve
The race to lead the Federal Reserve has taken on the tone of a reality show. Two Republicans are competing for the most ...