Fed, Jerome Powell and Chair
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Jerome Powell refused to comment on President Donald Trump's search for his Federal Reserve replacement, saying the process doesn't affect his current chair role.
The end of Jerome Powell’s term as Fed chair will give President Trump his biggest opportunity yet to reshape the central bank.
Federal Reserve Chair Jerome Powell is giving remarks Wednesday afternoon after the nation’s central bank made its final interest rate decision of 2025. The committee responsible for setting
Chair Jerome Powell refused to comment on the Supreme Court case that could impact President Trump's trade agenda, citing ongoing court proceedings.
Federal Reserve Chair Jerome Powell said the central bank decided to cut rates at today's meeting because the labor market was cooling and there was no sign of a hot economy that would spur inflation.
After announcing a widely expected quarter-point rate cut on Wednesday, many traders expected Fed Chairman Jerome Powell to strike a hawkish tone in the absence of economic data created by the government's recent shutdown -- offering caution about the trajectory of future cuts,
Federal Reserve Chairman Jerome Powell said U.S. central bank interest rate policy is well positioned to respond to what lies ahead for the economy, declining to provide guidance whether another interest rate cut lies in the near future.
Jerome Powell only has a five months left as Fed chair, but he hopes to leave a simple legacy. "My legacy? I really want to turn this job over to whoever replaces me with the economy in really good shape.
The Federal Reserve cut interest rates for a third time this year, but officials were divided over their next move. Jerome Powell, the central bank’s chair, said “we haven’t made any decision about January.
It all comes down to the reason behind the weakness in unemployment and Powell’s diagnosis of the “low-hire, low-fire” economy of 2025.