News

Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’
The search for the next leader of the world’s most influential central bank is officially under way, Treasury Secretary Scott ...
Under fire for cost overruns, Powell asks watchdog to review the Fed’s $2.5 billion renovation plan
Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to conduct an additional review of an ...
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Trump suggests Jerome Powell’s handling of Fed renovations could be fireable offense
President Trump on Tuesday suggested Federal Reserve Chair Jerome Powell’s handling of renovations ... Trump has for ...
Bessent Says ‘Formal Process’ Underway To Find Fed Chair Powell’s Successor, Report Says
Treasury Secretary Scott Bessent told Bloomberg on Tuesday a “formal process” has been launched to find Federal Reserve Chair ...
'Fed head Jerome Powell is getting fired': Florida Congresswoman Anna Paulina Luna drops bombshell
This comes amid Trump's repeated displeasure with Powell, which stems from the POTUS repeatedly urging the Fed to cut its key rate.
2 former Fed economists say Chair Jerome Powell is facing an epic conundrum
It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is ...
Fed Chair Jerome Powell reportedly considers resigning, William Pulte hints
William Pulte , Chairman of the Board of Fannie Mae and Freddie Mac, said on July 11, “I’m encouraged by reports that Jerome ...
Economic council head says Trump's ability to fire Fed's Powell is 'being looked into'
In an interview with ABC News, Kevin Hassett was also pressed about the president's decision to hit imports from Brazil with ...