Bessent vets potential Powell successors; Trump's shortlist is starting to take shape
President Donald Trump has decided against firing Federal Reserve Chairman Jerome Powell for the time being, but the lineup of possible replacements is becoming increasingly clear.
Trump fired Fed Governor Lisa Cook over alleged mortgage fraud: What did she do?
Federal Reserve Governor Lisa Cook is facing mortgage fraud allegations raised by Trump official Bill Pulte and vowed a legal challenge against President Trump's attempt to fire her.
Federal Reserve governor digs in as Trump moves to fire her: 'I will not resign'
President Donald Trump met with defiance as Federal Reserve governor who he fired fights to keep her job amid the chaos.
Trump removes Federal Reserve Governor Lisa Cook from office, citing fraud allegations
President Trump removed Federal Reserve Governor Lisa Cook in historic first, citing alleged false statements on mortgage documents for two primary residences.
Trump threatens to fire Fed Governor Cook if she doesn't resign
President Donald Trump threatened to fire Federal Reserve Governor Lisa Cook if she doesn't resign amid a DOJ investigation into allegations Cook committed mortgage fraud.
Fed Chair Jerome Powell signals job market, inflation outlook could allow for interest rate cut
Federal Reserve Chair Jerome Powell said the balance of risks to the labor market and inflation have shifted, signaling a potential interest rate cut at the Fed's next meeting.
Top economist says two contenders to replace Fed Chair Powell stand out
Allianz advisor Mohamed El-Erian named BlackRock's Rick Rieder and former Fed governor Kevin Warsh as top candidates to replace Jerome Powell as Fed chair.
It’s a buyer’s market and nobody is buying: Where Is Jerome Powell?
American real estate market struggles with high mortgage rates and stalled sales while other countries enjoy sub-4% rates, creating affordability crisis.
Fed minutes show tariff inflation fears outweighed jobs market in July rate decision
Minutes from the Fed's July policy meeting revealed policymakers prioritized tariff-driven inflation risks over labor market concerns when keeping interest rates unchanged.
Trump hits Federal Reserve Chair Powell over housing industry in latest attack, blasting mortgage rates
President Donald Trump resumed attacks on Federal Reserve Chair Jerome Powell, this time claiming he is hurting the housing industry with high rates.
Trump calls for Fed governor's resignation as ally requests DOJ probe
President Donald Trump called for Federal Reserve Governor Lisa Cook to resign after the head of FHFA, Bill Pulte, sent a referral accusing her of mortgage fraud.
Powell faces economic crossroads in Jackson Hole speech as Fed chair tenure nears end
Federal Reserve Chair Jerome Powell's speech at the Jackson Hole conference on Friday comes amid the labor market showing signs of weakness and inflation ticking higher due to tariffs.
Treasury's Bessent says interviews for potential Fed chairs will start around Labor Day
Treasury Secretary Scott Bessent said interviews for 11 Federal Reserve chair candidates will start around Labor Day as the White House searches for Jerome Powell's replacement.
Producer prices surged more than expected in July, spurring inflation concerns
The Bureau of Labor Statistics reported the producer price index jumped more than expected in July, spurring renewed concerns about inflation's economic impact.
Bessent outlines the qualities he's looking for as he vets Trump's Fed shortlist
Treasury Secretary Scott Bessent shares what characteristics he is looking for as he interviews candidates to succeed Federal Reserve Chairman Jerome Powell.
Treasury Secretary Scott Bessent pushes back on claims he’s pressuring the Fed to slash rates
Treasury Secretary Scott Bessent clarifies he's not directing the Fed after suggesting neutral interest rates should be 150 basis points below current levels.
Fed's current monetary policy stance is 'exactly where we want to be,' official says
Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent economic growth from reigniting inflation.
Trump says Fed chair search down to ‘three or four’ candidates, with announcement coming ‘a little bit early'
President Donald Trump said on Wednesday that he has narrowed down the list of candidates to replace Federal Reserve Chair Jerome Powell to "three or four" names.
Inflation cools slightly in July from prior month
The Bureau of Labor Statistics reported the July consumer price index which showed CPI inflation continued to rise as tariffs push prices higher for U.S. businesses and consumers.
Fed governor maintains outlook for three interest cuts in 2025
Fed Governor Michelle Bowman spoke this weekend and maintained her projection of three interest rate cuts in 2025 despite the central bank leaving rates unchanged at its July meeting.