News

Jerome Powell hit with a criminal referral over Fed's $2.5B renovation project — what it might mean for your nest egg
Federal Reserve Chair Jerome Powell faces a criminal referral from Republican Congresswoman Anna Paulina Luna — the latest ...
Trump made his MAGA Fed pick. His next choice will be far more consequential
President Donald Trump recently nominated one of his economic advisers to the Federal Reserve’s top ranks, but his next choice will be far more consequential. Plans for picking the next Fed chair are ...
Trump Favors Short-Term Fed Pick to Preserve Options for Powell Succession
President Trump said he would announce later this week his pick to fill an unexpected vacancy on the Federal Reserve’s board ...
Fed's Powell has 'utmost integrity', says Bank of England's Bailey
U.S. Federal Reserve Chair Jerome Powell is a man of "utmost integrity", Bank of England Governor Andrew Bailey said, ...
Fed recap: Powell says no decision on September, must wait to see tariff impact on inflation
The central bank kept its target rate at a range of 4.25% to 4.50%, but two policymakers disagreed with the decision.
Bessent won’t replace Powell as Fed chair, Trump says: ‘I love Scott, but he wants to stay where he is’
The Treasury secretary has said he has “the best job in Washington,” although he has often been floated as a name for the top ...
Bessent leads broad search for Fed chair that includes Bullard, Sumerlin
U.S. Treasury Secretary Scott Bessent is leading a search for a successor to Federal Reserve Chair Jerome Powell, with an ...
JPMorgan predicts Fed will cut rates in September — and four total times this year
The bank expects a quarter-point cut when the Fed next meets, followed by three more cuts of the same size at later meetings.