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Powell, Fed Chair, Will Likely Face Heavy Pressure From Trump
The chair of the Federal Reserve made clear he would not resign, even under pressure. But pressure from the White House is likely, market watchers say.Business - The New York Times - November 8 -
Trump is not expected to try to fire Fed Chair Powell
Federal Reserve watchers don’t think that President-elect Donald Trump will seek to remove Fed Chair Jerome Powell from his post before the central bank chief’s term ends in mid-2026.Business - MarketWatch - November 7 -
Fed Chair Powell says he won't resign if Trump asks him to step down
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.Top stories - CBS News - November 7 -
Fed Chair Jerome Powell says he won't resign if Trump tries to remove him
Federal Reserve Chairman Jerome Powell said he would not step down if pressured by President-elect Trump. The Fed also cut interest rates by one quarter of a percentage point. MoneyWatch ...Top stories - CBS News - November 8 -
Trump and Fed Chair Powell could be set on a collision course over interest rates
Though Powell became Fed chair in 2018, after Trump nominated him for the position, the two clashed often about the direction of interest rates.Business - CNBC - 9 hours ago -
Fed cuts interest rates as Powell says he will not resign as chair
US central bank lowers target range by a quarter point to 4.5%-4.75%World - Financial Times - November 7 -
Fed Chair Powell: Election will have 'no effects' on policy decisions
Federal Reserve Chair Jerome Powell said the presidential election will have “no effects” on policy decisions. The fed cut key interest rates a quarter point.Top stories - NBC News - November 7 -
Watch Fed Chair Powell speak live to business leaders in the Dallas area
The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.Business - CNBC - November 14 -
Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates
A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.Business - The New York Times - November 14 -
US central bank boss says Trump can't fire him
The US central bank cuts interest rates, as its chairman vows to stay on the job.Top stories - BBC News - November 7 -
Watch live: Fed Chair Jerome Powell speaks after interest rate cuts
Federal Reserve Chair Jerome Powell will remarks Thursday afternoon as the independent central bank prepares to cut interest rates for a second time. The decision comes after the administration ...Politics - The Hill - November 7 -
Powell: Fed won't 'speculate' about Trump's impact on economy
The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor ...Politics - The Hill - November 7 -
Powell and the Fed won't be able to avoid talking about Trump forever
The Fed chair dodged question after question at his news conference Thursday about his thoughts on President-elect Donald Trump.Business - CNBC - November 8 -
Trump, Jay Powell and a Potential Fight over the Fed’s Future
As Trump allies including Elon Musk endorse ending the Federal Reserve’s independence, the central bank’s chair is reportedly ready to go to court to fight back.Business - The New York Times - November 11 -
How Trump will transform banking regulation — even with Powell at the Fed
Regulatory change takes time, but Trump can make several moves immediately to gain control of bank supervision and M&A approval.Business - MarketWatch - 5 days ago -
Fed Chair says he won't resign if Trump asks him to
Fed Chair Jay Powell said Thursday that he would not resign if president-elect Donald Trump asked him to.Top stories - NBC News - November 7 -
Hume: 'Trump world' pressure to back Scott in leadership race 'likely to backfire'
Brit Hume, chief political analyst at Fox News, suggested Monday that the push from President-elect Trump's allies to elevate Sen. Rick Scott (R-Fla.) into GOP leadership may not go the way they ...Politics - The Hill - November 12 -
Powell says he would not resign as Fed chief if Trump asked for his resignation
When asked whether he would resign if asked by Trump, the Fed chair simply said: "No."Business - CNBC - November 7 -
Fed chair says Trump can't remove him. Could Trump still influence interest rates?
The standoff carries high stakes for the U.S. economy, experts said.Top stories - ABC News - November 8 -
Powell says Fed in no ‘hurry’ to lower interest rates further
Central bank chair warns path to a reduction in inflation will be ‘bumpy’Business - Financial Times - November 14 -
Stocks end lower after Powell throws cold water on hopes for December interest-rate cut
The Federal Reserve doesn’t need to rush to lower its benchmark interest rate, Fed Chair Jerome Powell said Thursday.Business - MarketWatch - November 14 -
Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates
"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said.Business - CNBC - November 14 -
Under Trump, Tech Giants Like Apple and Meta Face a Familiar Uncertainty
Apple, Amazon, Google, Meta and others learned during the last Trump administration to expect the unexpected when it came to Washington scrutiny and support.Business - The New York Times - November 7 -
Employers Get Pressure to Pay for Drugs Like Wegovy
Eli Lilly and Novo Nordisk representatives get face time with companies in hopes they will cover their weight-loss drugs.Business - The Wall Street Journal - 2 days ago -
Powell dismisses Trump firing talk
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Powell says he wouldn’t step down if Trump asked Federal Reserve Chair Jerome ...Politics - The Hill - November 7 -
Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.Business - CNBC - November 7 -
Fed Expected to Cut Rates Carefully Amid Inflation Pressures
Inflation is nearing the Fed’s 2 percent goal, but rate cuts will be cautious.Business - Inc. - November 14 -
England’s universities regulator warns of worsening financial outlook
‘Bold’ action required to stop higher education institutions falling into insolvency, says Office for StudentsWorld - Financial Times - 6 days ago -
Do I need inheritance tax insurance?
Budget changes prompt wave of interest in life cover to avoid families scrambling to pay tax billsWorld - Financial Times - 6 days ago -
Trump and the small caps
Why little companies like the red sweepWorld - Financial Times - 6 days ago -
Jerome Powell Dismisses Idea of Trump Firing Him
Jerome H. Powell, the chairman of the central bank, has been a frequent target of the president-elect, who appointed him in 2018.Top stories - The New York Times - November 7 -
Trump Cabinet heavy on picks with television backgrounds
President-elect Donald Trump is expected to make the final picks for his Cabinet by Thanksgiving. So far, loyalty and television presence have seemed to be the biggest influences on Trump's ...Top stories - CBS News - Yesterday -
How likely are major cuts from Trump, Musk and Ramaswamy's "DOGE"
President-elect Donald Trump's Department of Government Efficiency, headed by Elon Musk and Vivek Ramaswamy, has vowed to cut $2 trillion in government spending. CBS News MoneyWatch correspondent ...Top stories - CBS News - 2 days ago -
How will the Fed handle Trump?
Federal Reserve chair cannot easily prepare for president-elect’s second term but might benefit from being less aggressiveBusiness - Financial Times - November 12 -
10-year Treasury yield ends below 4-month high after Fed cuts rates again
Yields on long-dated U.S. government debt dropped from their highest levels since early July on Thursday, after the Federal Reserve delivered a widely expected quarter-point interest-rate cut.Business - MarketWatch - November 7 -
10-year Treasury yield jumps on week as Powell says Fed not in a hurry to keep cutting rates
The 10-year Treasury yield inched higher on Friday as investors digested Federal Reserve Chair Jerome Powell's latest comments and await further economic data.Business - CNBC - 6 days ago