Jerome Powell
“I will fire her if she doesn’t resign”- Trump threatens Cook
United States President Donald Trump has intensified his effort to gain influence over the central bank, saying he will fire Federal Reserve Governor Lisa Cook if she doesn’t quit. “I’ll fire her if she doesn’t resign,” Trump told reporters on Friday during a visit to a Washington, DC, museum focused on the White House. Cook, […]
US Fed Reserve Chair Powell opens door to September rate cut
United States Federal Reserve Chair Jerome Powell has pointed to a possible rate cut at the central bank’s September meeting but has stopped short of committing to cutting interest rates. Powell’s remarks walked a narrow line, acknowledging growing risks to the job market while also saying risks of higher inflation remain. “While the labour market […]
Trump to Nominate ‘Loyalist’ Miran to the Federal Reserve Board
United States President Donald Trump has said he will nominate Stephen Miran, a top economic adviser to the US Federal Reserve’s board of governors, for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment. The president announced his decision on Thursday. Miran, the chair of the White House’s Council of […]
Trump Rules Out Treasury Secretary Bessent for Fed Chair Position
United States President Donald Trump has ruled out Secretary of the Treasury Scott Bessent as his pick to replace Federal Reserve Chair Jerome Powell. Trump, who has repeatedly criticised Powell for not moving faster to lower interest rates, said on Tuesday that Bessent wished to continue in his current role. “I love Scott, but he […]
Trump Calls on Fed Board to Take Control from Powell Over Interest rates
United States(US) President Donald Trump has escalated his attacks on Federal Reserve Chairman Jerome Powell, calling on the Fed board to wrest control from Powell and lower interest rates. In a series of social media posts, Trump demanded that the board assume control and “DO WHAT EVERYONE KNOWS HAS TO BE DONE!” Trump also suggested […]
Trump Signals Positive Meeting with Powell on US Interest Rates
US President Donald Trump has expressed optimism about his meeting with Federal Reserve Chair Jerome Powell, suggesting that the central bank’s head might be willing to lower interest rates. The two men met on Thursday at the US central bank’s headquarters in Washington, where Trump criticized the cost of renovating two historic buildings. “We had […]
Trump Visits Federal Reserve HQ Amid Feud With Chairman
US President Donald Trump visited the Federal Reserve‘s headquarters(HQ) in Washington, sparking concerns about the independence of the central bank. The visit, which comes less than a week before the Fed’s rate-setting meeting, is seen as a show of tension between Trump and Fed Chairman Jerome Powell. Trump has repeatedly demanded that the Fed lower […]
Trump Calls for Fed Chair Powell’s Immediate Resignation
United States President Donald Trump has once again called for Federal Reserve Chair Jerome Powell to step down, marking the latest in a series of attacks that have raised concerns about the independence of the US central bank. Trump made the call for Powell to “resign immediately” on Wednesday, following his administration’s top housing regulator’s […]