Tag - federal-reserve

 
 

FEDERAL RESERVE

U.S. President Donald Trump listens to Secretary of the Treasury Scott Bessent as he signs executive orders at the White House in Washington on Friday.
BUSINESS / Economy
Sep 6, 2025
U.S. Treasury Secretary Bessent calls for big changes at Fed
Bessent called for renewed scrutiny of the Federal Reserve, including its power to set interest rates, saying the "Fed must change course."
Stephen Miran, U.S. President Donald Trump's nominee to the Federal Reserve Board attends a Senate Banking, Housing and Urban Affairs Committee nomination hearing on Capitol Hill in Washington, on Thursday.
BUSINESS / Economy
Sep 5, 2025
Trump's pick for Fed tells Senate panel he's 'not at all' president's puppet
The hearing was held as Trump steps up efforts to exert control over the central bank, including an unprecedented attempt to remove a sitting Fed governor.
U.S. President Donald Trump wears a "Trump Was Right About Everything!" hat, as he visits The People’s House: A White House Experience museum in Washington on Aug. 22.
WORLD / Politics / ANALYSIS
Aug 30, 2025
Seeking more power, Trump uses firings to test presidential limits
The actions underscored Trump's desire for influence in sectors normally seen as independent from overt political control.
The lawsuit accused U.S. President Donald Trump of violating Federal Reserve Gov. Lisa Cook's right to due process under the Constitution by firing her without notice or a hearing.
WORLD / Crime & Legal
Aug 29, 2025
Fed Gov. Lisa Cook sues Trump over his attempt to fire her
The case is likely headed to the Supreme Court, where a conservative majority has at least tentatively allowed Trump to fire officials from other agencies.
Lisa Cook (right) is sworn in to become a member of the Federal Reserve Board of Governors by Powell, at the central bank's headquarters in Washington on May 23. Trump this week said he is firing Cook over alleged improprieties in obtaining mortgage loans.
BUSINESS / Economy / ANALYSIS
Aug 27, 2025
Fed's credibility is an asset whose decline could be costly
Once eroded, markets will see monetary policy decisions from the central bank as likely to be more politically motivated.
Federal Reserve Gov. Lisa Cook attends the Federal Reserve Bank of Kansas City's 2025 Jackson Hole economic symposium, in Jackson Hole, Wyoming, on Saturday.
BUSINESS / Economy
Aug 26, 2025
Trump to fire Fed board's first African-American woman over mortgage allegations
The unprecedented step could test the boundaries of presidential power over the independent monetary policy body should it be challenged in court.
(Left) Bank of England Gov. Andrew Bailey, European Central Bank President Christine Lagarde (second from left), Bank of Japan Gov. Kazuo Ueda (third from left) and U.S. Federal Reserve Chairman Jerome Powell pose for a picture during the Jackson Hole Economic Policy Symposium in Moran, Wyoming, on Friday.
BUSINESS / Markets
Aug 25, 2025
Central bankers fear being caught in Federal Reserve's storm
Politically motivated attacks on the Fed could spill over to the rest of the world.
Federal Reserve Chairman Jerome Powell attends the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, on Friday.
BUSINESS / Economy
Aug 23, 2025
U.S. Fed chair opens door to rate cut as Trump steps up pressure
But Fed chief Jerome Powell also continued to argue that policymakers must guard against the prospect that President Donald Trump’s tariffs lead to persistent inflation.
Federal Reserve Chair Jerome Powell (center left) talks to U.S. President Donald Trump and Sen. Tim Scott as they tour the Federal Reserve’s renovation project in Washington on July 24.
WORLD / Politics
Aug 13, 2025
Trump may allow lawsuit against Powell over Fed renovation amid rate tension
The renovation work has become a flash point in Trump’s pressure campaign against Powell and the central bank for not lowering borrowing costs.
Stephen Miran, in a paper he co-authored last year for the Manhattan Institute, laid out a case for increasing presidential control of the Fed board, including by shortening members' terms.
BUSINESS
Aug 8, 2025
Trump picks Stephen Miran to fill open spot on Fed board
Miran, who has called for a complete overhaul of the Fed's governance, would take over from Fed Governor Adriana Kugler following her surprise resignation last week.
U.S. President Donald Trump takes questions from reporters at the White House in Washington on Wednesday.
BUSINESS / Economy
Aug 2, 2025
Trump fires data chief on bad job news and gets chance to tilt Fed
Trump fired the head of the Bureau of Labor Statistics, hours after it sent markets tumbling with a report that showed a dramatic slowdown in U.S. hiring.
U.S. Federal Reserve Chair Jerome Powell and his colleagues are deliberating on interest rates this week.
BUSINESS / Economy
Jul 28, 2025
Pressure mounts on Fed chief Powell in tee-up to GDP and jobs data
Fed officials are meeting this week as the government issues reports on gross domestic product, employment and the central bank’s preferred price metrics.
U.S. President Donald Trump (left) presents a document to Federal Reserve Chairman Jerome Powell while touring a construction project at the central bank in Washington on Thursday.
BUSINESS / Markets
Jul 25, 2025
Trump says not ‘necessary’ to fire Powell after getting Fed tour
The visit to see the central bank's renovation project put Trump side-by-side with the central bank chief that he has regularly lambasted on social media.
Jerome Powell, the embattled chairman of the Board of Governors of the U.S. Federal Reserve, appears before a House committee in Washington on June 24.
BUSINESS / Markets
Jul 16, 2025
Wary that Fed chief may be ousted, investors protect portfolios from inflation risk
A Fed chief warmer to cutting rates could have a mixed effect on equities but could weaken the U.S. dollar, increase volatility in the Treasurys market and raise longer-term rates.
Jerome Powell, chairman of the U.S. Federal Reserve, has repeatedly declined to say whether he will step down when his four-year term as chair expires in May.
BUSINESS / Economy
Jul 5, 2025
Powell's silence on his future complicates Trump Fed chair search
The Fed chief has repeatedly declined to say whether he will step down when his four-year term as chair expires in May, or remain on the Fed board.
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, in Washington on June 24. The question of how to handle the fallout from White House decisions may loom large as Powell is set to speak on a panel with peers from the euro zone, Japan, South Korea and the U.K.
BUSINESS / Markets
Jun 30, 2025
Powell and Lagarde count cost of Trump’s turbulence
At the halfway point of 2025, global policy is almost paralyzed by the need to navigate risks posed both to inflation and growth in the wake of Trump’s actions.
The U.S. dollar was back at multiyear lows against a basket of other major currencies on Thursday, erasing a brief respite provided by safe-haven flows related to Middle East tensions earlier in the week.
BUSINESS / Economy
Jun 27, 2025
No love for the dollar as markets fret about Fed independence
Respect for independent institutions such as central banks has long been viewed as a key attraction of major economies, helping anchor economic stability.
U.S. Federal Reserve Chair Jerome Powell attends a news conference in Washington on Wednesday.
BUSINESS / Economy
Jun 21, 2025
Trump floats firing 'numbskull' Fed chair Jerome Powell
The Republican leader regularly berates Powell over the bank's decisions not to lower interest rates.
U.S. Federal Reserve Chair Jerome Powell
WORLD / Crime & Legal
May 23, 2025
U.S. Supreme Court shields Fed but lets Trump fire agency leaders
In a ruling Thursday that let Trump oust officials at two other agencies, the court said its decision wouldn’t apply to the Fed.
Fed Chair Jerome Powell said that at this point, it isn't clear if the economy will continue its steady pace of growth, or wilt under mounting uncertainty and a possible coming spike in inflation.
BUSINESS / Economy
May 8, 2025
Fed sees rising risks to economy as it leaves rates unchanged
With so much uncertainty over Trump's tariff moves, Fed Chair Jerome Powell said "It's really not at all clear what it is we should do."

Longform

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