English

Jerome Powell

Economy

Trump picks Warsh for Fed chair, testing US central bank independence

ADVERTISEMENT

ADVERTISEMENT

More about this topic

Economy

US Federal Reserve keeps interest rates unchanged at around 3.6%

When the Fed reduces its key rate, it tends to lower borrowing costs for things like mortgages, car loans and business borrowing, though those rates are also influenced by market forces.

Economy

Fed set to keep rates steady as Trump threatens bank's independence

This week's meeting will be overshadowed by the revelation that the Justice Department has opened a criminal investigation into the Fed, threatening central bank independence.

Economy

Criminal probe raises key question: Will Powell leave the Fed in May?

Trump said on Tuesday that he hopes to name a new Fed chair in the next few weeks. But that could get held up by the criminal investigation of Powell.

Markets

Gold and silver soar after US targets Federal Reserve in Powell probe

European indexes were mixed on Monday after a rally in Asia, while US futures dipped on reports of a Justice Department probe into Fed chair Jerome Powell. The news sent gold and silver to fresh records.

ADVERTISEMENT

Economy

US opens criminal investigation into Fed Chair Jerome Powell

Powell said the investigation, linked to a testimony he gave to a Senate committee about renovations to Fed buildings, was an attempt to limit central bank independence.

Economy

Uncertainties over economy threaten Federal Reserve interest rate cut

A December rate cut is far from certain as inflation continues to run above the Fed's target. At the same time, risks to the US job market remain.

Economy

Fed cuts key rate yet Powell says future reductions are not locked in

Powell suggested the Fed increasingly sees inflation as less of a threat as the central bank cut its key rate to a range of 3.75% to 4%.

Economy

Supreme Court lets Lisa Cook remain a Federal Reserve governor for now

Fed governor Cook will be able to take part in the remaining two Fed meetings in 2025, including the next meeting of its interest rate-setting committee in late October.

Economy

Euro holds at 4-year highs, European equities soar on Fed's dovish cut

European stocks rallied on Thursday after the Fed cut rates to 4.00%–4.25% and signalled more easing. Markets cheered the dovish tone, boosting equities across the eurozone, with tech and bank shares leading the gains.

Economy

Federal Reserve cuts key interest rate for the first time this year

Fed officials, in a set of projections also released on Wednesday, signalled that they expect to reduce their key rate twice more this year, but just once in 2026.

Economy

Senate approves White House’s Stephen Miran to serve on Fed board

The vote to confirm Stephen Miran was largely along party lines, 48-47.

Economy

Why the Fed is likely to cut rates as economic uncertainty mounts

Caught between economic uncertainty and political pressure, the Federal Reserve will decide this week whether to begin cutting interest rates after nine months — and by how much.

Economy

Trump renews push to fire Fed governor Lisa Cook ahead of key vote

Sunday’s filing is the latest step in an unprecedented effort by the White House to shape the historically independent Fed.

Economy

Lisa Cook can remain at Fed while fighting Trump dismissal, says judge

A federal judge has temporarily blocked US President Trump from firing Federal Reserve Governor Cook over allegations of mortgage fraud.

Economy

Fed independence ‘hangs by a thread’ as Trump moves to oust Lisa Cook

Efforts to oust Federal Reserve board member Lisa Cook and install allies could erode the bank’s autonomy, with consequences for inflation, market confidence and everyday borrowing.

Markets

Markets rally as Fed Chair Powell signals Fed may soon cut rates

'Shifting risk balance may warrant policy adjustment,' said Jerome Powell in Jackson Hole, at the central bankers' annual meeting, hinting that the Fed may soon cut rates, even as inflation risks remain.