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Can Trump fire Jerome Powell before his term ends? POTUS lashes out at Fed Chief
The possibility of President Donald Trump attempting to remove Federal Reserve Chair Jerome Powell has sparked debate over the Fed’s legal independence.
Updated on Apr 17, 2025 07:19 PM IST
Shrey Banerjee
Trump slams Fed Reserve chair Powell: ‘Termination can’t come fast enough’
Trump's comments come a day after Powell said at an event at the Economic Club of Chicago that the Fed's "independence is very widely understood
Updated on Apr 17, 2025 08:37 PM IST
Gold hits new record high amid Federal Reserve chief's warning
The dollar fell to a fresh six-month low, while Powell quelled hopes the Fed would act quickly to soothe investors.
Published on Apr 17, 2025 07:20 AM IST
Bloomberg |
Jerome Powell says Donald Trump tariffs even larger than Fed's upside estimates
The tariffs rolled out by Trump were larger than even the highest estimates prepared by the Federal Reserve ahead of time, Fed Chair Jerome Powell said.
Updated on Apr 16, 2025 11:40 PM IST
Reuters |
Fed Reserve announces ‘closed board meeting’ amid tariff tensions; When is it?
The Federal Reserve System Board of Governors will hold a secret meeting as the Trump administration's massive new tariffs start to go into force.
Published on Apr 07, 2025 07:32 PM IST
Jerome Powell reveals whether Musk or his DOGE team tried to access Fed systems
Jerome Powell said he did not believe that Elon Musk or members of his DOGE team have tried to access the Fed's secure payment systems.
Updated on Feb 11, 2025 11:06 PM IST
Reuters |
Fed doesn’t 'need to be in hurry' to lower interest rates, says Jerome Powell
Powell said the Fed is awaiting to see what policies are enacted by the newly inaugurated Donald Trump administration.
Published on Jan 30, 2025 03:30 AM IST
Bloomberg |
US Fed meeting: Under pressure from Trump, will Powell hold interest rates?
The US Federal Reserve will announce its first monetary policy decision of 2025, expected to keep interest rates at 4.50%.
Updated on Jan 29, 2025 10:41 PM IST
US Fed meeting: What policy decisions to expect? Where to watch live?
The US Fed will likely lower borrowing costs for a third-straight meeting this week while also signalling fewer interest-rate cuts next year.
Published on Dec 18, 2024 10:17 PM IST
Federal Reserve Chair Jerome Powell reveals whether he will resign if Trump asks
Federal Reserve Chair Jerome Powell said that his staff discovered that the President lacked legal power to demote him or any other Fed governors at will.
Published on Nov 08, 2024 10:56 PM IST
Trump likely to allow Fed Chair Powell to serve remainder of his term: Report
U.S. President-elect Donald Trump is likely to allow Jerome Powell to serve the remainder of his term as the Federal Reserve chair, CNN reported on Thursday.
Published on Nov 07, 2024 11:54 PM IST
Reuters | | Posted by Shweta Kukreti
US jobs data return to centre stage as Federal Reserve mulls rate-cut size
With the Federal Reserve set to begin cutting interest rates in a few weeks, the main question now is how big the first reduction will be.
Published on Sep 03, 2024 08:17 PM IST
Bloomberg |
Stocks mostly rise as Powell speech looms
Stocks mostly rise as Powell speech looms
Published on Aug 23, 2024 04:42 PM IST
AFP |
How fast will interest rates fall? Fed Chair Powell may provide clues in high-profile speech
How fast will interest rates fall? Fed Chair Powell may provide clues in high-profile speech
Updated on Aug 23, 2024 12:32 PM IST
AP |
Dollar falls on bets for dovish Fed
GLOBAL-FOREX/ (UPDATE 1):FOREX-Dollar falls on bets for dovish Fed
Published on Aug 19, 2024 10:00 AM IST
Reuters |
Key takeaways from latest US Federal Reserve meeting: When is rate cut likely?
US Federal Reserve chair Jerome Powell announced that interest rates will remain unchanged at the current rate range of 5.25-5.50%. Here are key takeaways
Updated on Aug 01, 2024 10:27 AM IST
US Fed rate cuts soon? Jerome Powell highlights inflation data, job market
Jerome Powell warned that lowering interest rates too little or too late could put the economy and the labor market at risk.
Published on Jul 10, 2024 07:34 AM IST
Bloomberg |
US Fed holds interest rates and pencils at just one cut this year
The annual consumer price index (CPI) came in at 3.3 percent last month, down 0.1 percentage point from April and unchanged on a monthly basis
Published on Jun 13, 2024 03:07 AM IST
AFP | | Posted by Arya Vaishnavi
US Fed meet: Jerome Powell likely to signal a rate cut with one condition
Jerome Powell, chairman of the US Federal Reserve has said, 'if higher inflation does persist, we can maintain the current level of for as long as needed.'
Published on May 01, 2024 04:08 PM IST
AP |
Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy
Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy
Updated on Feb 05, 2024 05:37 AM IST
AP |
Trump says he would replace ‘political’ US Fed chair Powell if elected
Trump accused the chair of the Federal Reserve Jerome Powell, who he as president first appointed to run the independent US central bank, of being “political”.
Published on Feb 04, 2024 07:40 PM IST
AFP |
US Fed key meet: All eyes on Powell's comments amid 2024 rate cut expectations
The US Federal Reserve will announce its monetary policy decision on Wednesday. Chair Jerome Powell will provide updates on the outlook of the Central bank.
Updated on Jan 31, 2024 03:08 PM IST
Shweta Kukreti
US Fed admits faults and calls for stronger banking oversight after SVB collapse
The Fed will also look to strengthen the regulatory framework for banks, and consider toughening the rules
Updated on Apr 28, 2023 10:03 PM IST
AFP |
Fed's Powell sees US boom ahead, with Covid-19 still a risk
Powell noted that roughly a million jobs were added in March, when revisions to jobs data in January and February are included. The unemployment rate fell to 6% from 6.2%.
Published on Apr 12, 2021 05:15 AM IST
AP | , Washington
Despite US economic recovery, Federal Reserve firm on keeping interest rates low
In order to restore some of the more than nine million jobs still missing due to the Covid-19 pandemic, Fed Chair Jerome Powell's message has been clear: he wants to see more people back to work.
Published on Mar 14, 2021 11:46 AM IST
AFP |
Inflation rise expectation, long-term borrowing show US markets at risk
In an appearance at a Wall Street Journal webinar later today, Powell is expected to say the central bank will be ultra-patient in pulling back its support for the economy after the pandemic has ended.
Published on Mar 04, 2021 04:56 PM IST
Bloomberg |
Powell is patient but markets aren’t, challenging new Fed policy
In the market bleachers, some big names in economics, including Harvard University economist Lawrence Summers and former IMF chief economist Olivier Blanchard, are warning of economic overheating from the $1.9 trillion stimulus bill.
Published on Feb 26, 2021 06:38 AM IST
Bloomberg |
Powell busts out Fed model to defend high equity valuations
The Federal Reserve chairman noted that relative to risk-free rates of return, a reference to Treasury yields, shares probably aren’t as overpriced as they appear at first blush.
Updated on Dec 17, 2020 03:00 AM IST
Bloomberg | Posted by Kanishka Sarkar
Precious-Gold hits near 2-week peak on softer dollar; focus on Fed meeting
Spot gold was up 0.5% at $1,966.47 per ounce by 0512 GMT, after hitting $1,967.46 earlier, its highest level since September 2.
Updated on Sep 15, 2020 01:48 PM IST
Washington | Reuters
US economy healthy, unemployment could stay high for years: Fed chief
“But millions of workers in travel, hotels and restaurants have been directly impacted, which means “a couple of years of... relatively high unemployment,” Federal Reserve Chair Jerome Powell said.
Updated on Aug 27, 2020 09:33 PM IST
Washington | Agence France-Presse | Posted by Kanishka Sarkar
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