Treasury Secretary Bessent tiptoes around Trump's plans for new Fed chair
Treasury Secretary Scott Bessent says he "will go where the president thinks" he's "best suited" to serve, as calls grow for the Fed's Jerome Powell to resign.
Trump calls for Fed Chair Jerome Powell to immediately resign: ‘Too late’
In the latest escalation in the feud between President Donald Trump and Fed Chair Jerome Powell, the president called for Powell to "resign immediately."
Fed Chair Powell confirms tariff concerns prevented interest rate cuts so far this year
Fed Chair Jerome Powell said tariff concerns delayed interest rate cuts, stating the central bank would have likely reduced rates this year if not for potential consumer price hikes.
Trump sends 'Mr. Too Late' Jerome Powell fiery note spelling out interest rate failures costing US a 'fortune'
Trump criticizes Fed chair Powell for keeping rates "artificially high," sending him a chart comparing global rates and claiming the U.S. is losing billions.
Trump blasts Powell, says any replacement would be better for refinancing $9T debt
Trump discusses plans to replace Federal Reserve Chairman Powell in a FOX Business interview, criticizing high interest rates as the U.S. faces refinancing $9 trillion in debt.
Fed's favored inflation gauge shows consumer prices ticked slightly higher in May
The Commerce Department released the PCE inflation report for May which found the Federal Reserve's favored inflation gauge ticked slightly higher to 2.3%.
Dollar slides to 3-year low on report Trump plans to name next Fed chair early
The U.S. dollar sank to three-year low following reports that Trump plans to announce Powell's Fed chair successor early, with Kevin Warsh and Kevin Hassett among leading contenders.
Trump slams Fed Chair Powell for not cutting rates: 'Average mentally person'
President Donald Trump on Wednesday criticized Federal Reserve Chairman Jerome Powell for keeping interest rates too high, calling the central bank chief an "average mentally person."
Powell to be pressed on Fed spending, agency’s politicization
Jerome Powell returns to Capitol Hill where Republicans plan to challenge the Fed's $2.5 billion headquarters renovation featuring marble and rooftop gardens amid inflation concerns.
Fed Chair Powell says US economy in a 'solid position' as central bank weighs rate cut timing
Fed Chair Jerome Powell testified that the U.S. economy is in a "solid position" with unemployment relatively low and inflation slightly above the central bank's 2% target.
Trump pushes Congress to work over 'very dumb, hardheaded' Fed chair Powell ahead of testimony
President Donald Trump, who has been stridently calling for rate cuts, said he hopes that lawmakers will work Fed chair Jerome Powell over on Tuesday
Dollar fluctuates after US strikes on Iran, dovish Fed comments
The dollar fluctuated after U.S. strikes on Iran's nuclear facilities, with Fed Governor Bowman indicating possible rate cuts could be on the table at the central bank's next meeting.
Frustrated Trump suggests 'maybe' he will need to change his 'mind about firing' Fed chair Jerome Powell
President Donald Trump, frustrated by a lack of interest rate cuts, floated the idea of firing Fed Chair Jerome Powell as he continued lambasting Powell.
Fed governor breaks ranks with Powell, signals rate cuts could begin next month
Federal Reserve Governor Waller signaled potential interest rate cuts as early as July, despite the Fed's decision to hold rates steady over inflation worries amid Trump's criticism.
FHFA director calls for Fed Chair to resign: 'Powell is doing a great injustice to this Country'
FHFA Director William Pulte has called for Fed Chair Jerome Powell to resign from his position, accusing him of "doing a great injustice to this Country."
Larry Kudlow: Federal Reserve groupthink is a bureaucratic disease
The Fed is plagued with a bureaucratic disease. There is no diversity of thought, just a mindless war on a Tariff boogeyman
Nearly one-third of $36T national debt needs refinancing as Trump demands rate cuts
The Treasury Department faces the challenge of refinancing $11 trillion in U.S. debt within a year as President Trump calls for the Fed to cut interest rates to lower debt costs.
Who could replace Fed Chair Powell? These are the top contenders
Federal Reserve Chair Jerome Powell during a Wednesday press conference addressed the criticism he's faced from President Donald Trump about interest rates.
Top economist warns America is heading toward economic disaster the Fed can't fix
Euro Pacific Asset Management Chief Economist Peter Schiff warned of stagflation and possible hyperinflation, arguing higher interest rates are needed.
Federal Reserve leaves key interest rate unchanged for fourth straight meeting
The Federal Reserve left its benchmark interest rate unchanged at a 4.25% to 4.5% range at its June meeting, making it the fourth consecutive meeting in which it held rates steady.