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If leading the Federal Reserve isn’t challenging enough, the next central bank chair will face an additional burden.
Trump tells Bessent, "I like you better," a comment many interpreted as a public signal of Bessent's rising likelihood as a ...
Treasury Secretary Scott Bessent, a potential Powell successor, advised on June 30 and July 3 about nominating a new Fed governor in January 2026 or a new Chair in May 2026 when Powell’s term ...
The minutes reveal more closely the behind closed doors thinking between the U.S.’ top policymakers with the Fed under barrage from the White House.
The central bank chief said he believes the Fed board would have decided to lower rates further until Trump launched his ...
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be." ...
If President Donald Trump isn’t pleased with the Federal Reserve’s recent interest rate calls, he should take a hard look at his own trade policies, Fed chair Jerome Powell suggested on Tuesday.