U.S. Fed chair says will not leave early if asked by Trump
1 month, 2 weeks ago

U.S. Fed chair says will not leave early if asked by Trump

Raw Story  

U.S. Federal Reserve Chair Jerome Powell said Thursday that he would not resign if asked to leave early by President-elect Donald Trump. Speaking at a press conference after unveiling a quarter point interest rate cut, Powell -- whose term as Fed chair ends in 2026 -- added that firing any of the Fed's seven governors was also "not permitted under the law." On the campaign trail, Trump repeatedly accused Powell -- whom he first appointed to run the US central bank -- of working to favor the Democrats, and has suggested he would look to replace him once his term as Fed Chair ends. If he wanted to, Powell could stay on as a governor after he steps down as Fed chair, and serve out the remainder of his term, which expires in early 2028.

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Donald Trump says he has no plans to replace US Fed Chair Jerome Powell: ‘If I asked him...’
Trending News
2 weeks, 2 days ago

Donald Trump says he has no plans to replace US Fed Chair Jerome Powell: ‘If I asked him...’

Live Mint  

The United States President-elect Donald Trump, at NBC's Meet the Press on Sunday, said that he has no plans to replace Federal Reserve Chair Jerome Powell once he returns to the White House, reported the news agency Reuters. Powell's term as the Fed chairman expires in May 2026, he told reporters last month that he wouldn't step aside early if …

Donald Trump says he has no plans to replace Jerome Powell as Fed Chair
2 weeks, 2 days ago

Donald Trump says he has no plans to replace Jerome Powell as Fed Chair

Hindustan Times  

President-elect Donald Trump said he has no plans to replace Fed Chair Jerome Powell once he returns to the White House, saying “I don’t see it.” Trump has previously said he should have a say in monetary policy and the setting of interest rates. “I think if I told him to, he would,” Trump said on NBC’s Meet the Press, …

Republicans (Quietly) Disagree With Trump on the Fed
2 weeks, 6 days ago

Republicans (Quietly) Disagree With Trump on the Fed

Politico  

The president-elect’s chief issue with the Fed seems to be that he wants more influence over its decisions. Powell’s term also ends in May 2026, at which time Trump will be able to pick a new Fed chief, who could shift the modern, arms-length relationship between presidents and central bank leaders. “I like the way it’s set up right now,” …

Trump probably won’t try to fire Jerome Powell
1 month ago

Trump probably won’t try to fire Jerome Powell

Live Mint  

President Trump’s election has reignited the debate over whether he might attempt to fire Federal Reserve Chairman Jerome Powell. Yet firing Mr. Powell is unlikely to be on the president-elect’s immediate priority list unless inflation suddenly spikes and forces the Fed to reverse course. Why would Mr. Trump rush to fire someone who’s in the midst of lowering interest rates, …

Long shot or not, Trump must make peace with Fed Chair Powell
1 month, 1 week ago

Long shot or not, Trump must make peace with Fed Chair Powell

Live Mint  

US bond markets have had a minor meltdown since former President Donald Trump pulled ahead in prediction markets and then won a second term last week, putting upward pressure on mortgages and other household borrowing costs. Fortunately, there’s a clear way for him to mitigate that damage and start his term on the right foot with bond markets: He should …

If Trump tries to fire Powell, Fed Chair is ready for a legal fight
1 month, 2 weeks ago

If Trump tries to fire Powell, Fed Chair is ready for a legal fight

Live Mint  

When a frustrated Donald Trump flirted with removing Federal Reserve Chair Jerome Powell in a dispute over interest rates back in 2018, Fed leaders privately readied a break-glass-in-case-of-emergency response: a legal challenge against the president to protect the integrity of America’s central bank. Second, trying to remove the Fed chair now, when the central bank hasn’t finished waging its battle …

Federal Reserve Chair Jerome Powell reveals whether he will resign if Donald Trump asks
Top News
1 month, 2 weeks ago

Federal Reserve Chair Jerome Powell reveals whether he will resign if Donald Trump asks

Hindustan Times  

“No”, replied Federal Reserve Chairman Jerome Powell when asked if President-elect Donald Trump would ask him to step down. Jerome Powell sees himself as a public servant, but he seems to be preparing for a possible confrontation with Trump, who recently stated that he would not have direct control over Fed decisions, but he should at least be allowed to …

Federal Reserve Chair Jerome Powell says won't resign if pressured by Trump after interest rate cuts
1 month, 2 weeks ago

Federal Reserve Chair Jerome Powell says won't resign if pressured by Trump after interest rate cuts

Firstpost  

When questioned about Trump’s apprehension and whether he would step down if Trump asked him to leave the role, Powell delivered a blunt ’no' US Federal Reserve Chair Jerome Powell said that he would not resign if he faced any pressure from the new President-elect Donald Trump after the central bank lowered interest rates by a quarter-point on Thursday afternoon. …

Powell to Trump: Go ahead, make my day
1 month, 2 weeks ago

Powell to Trump: Go ahead, make my day

CNN  

New York CNN — Imagine you’re at a job you love but you have a boss you just really don’t get along with. Barely 48 hours after Trump had been named president-elect, the tension was already evident during Powell’s Thursday press conference after the Fed’s two-day monetary policy meeting. Even though Trump gave Powell the equivalent of a promotion in …

US Federal Reserve chair says he won't quit if Trump orders
1 month, 2 weeks ago

US Federal Reserve chair says he won't quit if Trump orders

ABC  

Sally Sara: Two days after Donald Trump's decisive victory, the US Federal Reserve has cut interest rates by a quarter of a percentage point. But the Fed Chair Jerome Powell says Mr Trump's win will have no immediate effect on future policy decisions. Peter Ryan: Well Sally, in his previous term as US President, Donald Trump pretty much had a …

Donald Trump has a surprising update on the future of Fed boss Jerome Powell
Trending News
1 month, 2 weeks ago

Donald Trump has a surprising update on the future of Fed boss Jerome Powell

Daily Mail  

Donald Trump is expected to let Federal Reserve chairman Jerome Powell to stay in his job, Trump has often voiced his frustrations with Jerome Powell and even threatened to remove him from his role as fed chair - an unprecedented move for any president. Anything that causes inflation to jump again could lead Fed policymakers to slow or even halt …

What’s at stake with the Fed, now that Trump has won?
1 month, 2 weeks ago

What’s at stake with the Fed, now that Trump has won?

Live Mint  

When Federal Reserve officials decide this week on the path for interest rates, they will have a new factor to consider: the re-election of Donald Trump. Not only could Trump’s policies affect the path for inflation and growth, his return to the White House also poses questions about the Fed’s freedom to set rates without political interference. Trump appointed the …

Trump threatened to fire 'this idiot' Fed chairman unless he did his bidding: book
4 months ago

Trump threatened to fire 'this idiot' Fed chairman unless he did his bidding: book

Raw Story  

A new book written by former Commerce Secretary Wilbur Ross claims that former President Donald Trump was hellbent on axing Federal Reserve Chairman Jerome Powell unless he cut interest rates. As Forbes reports, Ross writes that Trump summoned him to a meeting where he demanded that Ross set Powell straight about his policy of raising interest rates, which Trump believed …

Trump says he would replace ‘political’ US Fed chair Powell if elected
10 months, 2 weeks ago

Trump says he would replace ‘political’ US Fed chair Powell if elected

Hindustan Times  

Former US president and 2024 White House contender Donald Trump said he would look to replace the "political" chair of the Federal Reserve, Jerome Powell, when his term ends in 2026. Republican presidential candidate and former President Donald Trump In an interview published Friday, Trump accused Powell, who he as president first appointed to run the independent US central bank, …

Jerome Powell could face more opposition as Fed choices get tougher
1 year, 7 months ago

Jerome Powell could face more opposition as Fed choices get tougher

Live Mint  

Chair Jerome Powell has achieved a near-perfect consensus as the Federal Reserve raised interest rates aggressively. “We are getting close to the hardest mile for the Fed in this marathon — the part where backlash to rate hikes will intensify, in ways no one on the Fed has had to weather.” Fed officials have signaled that the FOMC will hike …

Jerome Powell confirmed for second term as Fed Chair
2 years, 7 months ago

Jerome Powell confirmed for second term as Fed Chair

CNN  

CNN — The US Senate on Thursday overwhelmingly confirmed Jerome Powell to a second term as chairman of the Federal Reserve. “Few institutions are more important to help steer our economy in the right direction and to fight inflation than the Fed,” said Senate Majority Leader Chuck Schumer ahead of the vote. He added that “Chairman Powell presided as Fed …

Jerome Powell endorsed for second term as U.S. Federal Reserve chair
3 years, 1 month ago

Jerome Powell endorsed for second term as U.S. Federal Reserve chair

The Hindu  

U.S. President Joe Biden on November 22 announced that he was nominating Jerome Powell for a second four-year term as Federal Reserve chair. "I'm confident that Chair Powell and Dr. Brainard's focus on keeping inflation low, prices stable, and delivering full employment will make our economy stronger than ever before," Biden said. Progressive Democratic Senator Elizabeth Warren of Massachusetts on …

Progressives led by AOC call for Biden to replace Fed Chair Powell
3 years, 3 months ago

Progressives led by AOC call for Biden to replace Fed Chair Powell

CNN  

New York CNN Business — Progressive Democrats, including New York Rep. Alexandria Ocasio-Cortez, are calling on President Joe Biden to give the Federal Reserve a sweeping makeover by replacing Jerome Powell as chairman. “We urge President Biden to reimagine a Federal Reserve focused on eliminating climate risk and advancing racial and economic justice,” the lawmakers said in a statement Tuesday …

Will Joe Biden stick with Jerome Powell at the Fed?
3 years, 7 months ago

Will Joe Biden stick with Jerome Powell at the Fed?

CNN  

New York CNN Business — President Joe Biden has a lot on his plate right now. And there’s precedent for Biden to stick with Powell so he can continue to manage the central bank’s response to this economic crisis: After all, Biden’s former boss, President Barack Obama, did exactly that when he re-nominated Ben Bernanke for a second term as …

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