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Fed Chair Jerome Powell Defies Trump
Fed Chair Powell says he won't resign if Trump asks him to step down
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
Trump looms over the Fed's future
The incoming president's reaction to the central bank could serve as an early indicator of how extensively he plans to reshape traditional government bureaucracy.
Fed's Powell says he will not quit even if asked by Trump
Federal Reserve Chair Jerome Powell said on Thursday he would refuse to leave office early if incoming President Donald Trump tried to oust him, adding he cannot be legally removed anyway. Speaking at a press conference following the latest meeting of the rate-setting Federal Open Market Committee,
Fed, Trump
Trump is about to make the Fed's job a lot harder
After all, the Fed's primary tool for fighting inflation has been rate hikes. While traders feel certain the Fed will deliver a 25-basis-point cut at the conclusion of this week's meeting, the outlook becomes murky after that.
Trump looms over the Fed's future
The incoming president's reaction to the central bank could serve as an early indicator of how extensively he plans to reshape traditional government bureaucracy.
What’s at Stake With the Fed, Now That Trump Has Won?
The president-elect has said he wants a say on interest rates, and his policies may alter the growth and inflation outlook.
7h
Fed Cuts Interest Rates Again—But Uncertainty Swirls As Trump Policies Could Fuel Inflation
The Fed lowered rates by 25 basis points to a 20-month low, but economists say tariffs may throw a wrench in the rate cutting ...
8h
on MSN
Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
In a statement after a two-day meeting, the
Fed
steered clear of any references to Trump or the election. "In the near term ...
6h
A Fed rate cut may be coming, but it may be too small for Americans to notice
The Fed is expected to cut rates for a second straight month but by a smaller amount. How and when consumers may feel the ...
7h
on MSN
The Fed cuts interest rates by a quarter point
The Federal Reserve is expected to announce Thursday it is cutting interest rates, a decision that comes just two days after ...
7h
Fed meeting recap: Powell ‘feeling good' about economy, says Trump can't legally fire him
In what's been an eventful week, traders are now turning their focus on the Federal Reserve. Policymakers are expected to ...
26m
Stock market today: Asian shares gain after US Fed cuts interest rates
Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on ...
CNN on MSN
6h
Trump is likely to allow Fed chair to serve remainder of his term, adviser says
In July, before Trump was elected, the
Fed
chair was asked whether he intended to serve out the remainder of his term, and ...
U.S. News & World Report on MSN
8h
Fed Cuts Interest Rates Again, Powell Says He Won’t Resign if Trump Asks
“Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains ...
Forbes
11h
November Fed Meeting
Thursday’s rate cut comes after the
Fed
cut interest rates for the first time in four years back in September, a positive ...
2h
Inside the Republican victories in suburban New York: 'fed up with one party Democratic rule'
New York Republicans explain that their significant successes in the state were spurred on by New Yorkers’ concerns over ...
4h
What Today's Fed News Tells Us About 2025 Savings and CD Rates
Today's widely anticipated Fed rate announcement will have a notable impact on savers. Here's what to expect for savings and ...
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Donald Trump
interest rates
Inflation
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