Latest in Trump, Jay Powell and a Potential Fight over the Fed’s Future
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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 - 3 days ago -
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 -
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, 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 - 6 days ago -
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 - 6 days ago -
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 - 3 days ago -
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 - 6 days ago -
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 - 6 days ago -
Jeff Bezos, Jay Powell, Serena Williams and More Will Speak at the DealBook Summit
The conference on Dec. 4 will bring together the biggest names in business, politics and culture.Business - The New York Times - October 29 -
Harris, Trump clash over future of ObamaCare
Vice President Harris wants to put ObamaCare front and center in the campaign’s final weeks. Abortion has been the primary health issue for much of the campaign, but Harris is reopening Democrats’ ...Politics - The Hill - October 24 -
Trump victory casts uncertainty over Ukraine’s future
President-elect Trump’s stunning political comeback, capped by his victory over Vice President Harris this week, has sparked unease over Ukraine’s future and how the incoming Republican ...Politics - The Hill - November 6 -
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 - 6 days ago -
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 - 52 minutes ago -
Powell says Fed doesn’t need to hurry to cut interest rates
Federal Reserve Chair Jerome Powell said Thursday that the economy is in a good place, with inflation on a sustainable path back to the central bank’s 2% target, and that he expects inflation to ...Business - MarketWatch - 38 minutes ago -
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 - 37 minutes ago -
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 - 16 minutes ago -
Voters Were Fed Up Over Immigration. They Voted for Trump.
Voters across party lines shifted to the right on immigration. They blamed Biden-Harris for failing to control the chaotic border.Top stories - The New York Times - November 6 -
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 - 6 days ago -
‘A gift to the Kremlin’: uncertainty over Ukraine’s future after Trump victory
Some express fears over US aid for Ukraine while others say the country is already struggling. Ukraine was plunged into gloom and uncertainty after Donald Trump’s victory amid expectations that he ...World - The Guardian - November 6 -
How Trump plans to avoid Senate fights over Cabinet picks
President-elect Donald Trump says he wants the next Senate Republican leader to allow "recess appointments." This would allow the White House to temporarily bypass confirmation votes for high-level ...Top stories - CBS News - 2 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 - 6 days ago -
What a potential Fed rate cut could mean for the economy
As the Fed wraps up its two-day meeting, there's a chance of another interest rate cut. CBS News business analyst Jill Schlesinger joins "CBS Mornings Plus" to talk about the potential impact on ...Top stories - CBS 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 -
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 - 6 days ago -
Tense election fight for Georgia's future in Europe
The ruling Georgian Dream faces electoral opponents who want to revive Georgia's stalled bid to join the EU.Top stories - BBC News - October 25 -
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 - 2 days ago -
Reader reactions to a potential Trump victory
With just hours until polling stations open, the race for the White House is too close to call — but what do people around the world think of a possible second Trump presidency?World - Financial Times - November 4 -
Potential Trump Cabinet members, policies
Donald Trump's transition team is focusing on potential Cabinet members for the former president's second term in the White House. The Trump administration may also institute quick policy changes ...Top stories - CBS News - November 7 -
Trump and the future of AI regulation
New Jersey’s governor Phil Murphy discusses his state’s tech landscape and prospects under Donald Trump’s second presidential termWorld - Financial Times - 15 hours ago -
Kompany hails Barça over potential new Messi
Bayern Munich coach Vincent Kompany says it is exceptional that Barcelona have potentially found a Lionel Messi replacement in Lamine Yamal so soon after the Argentine left the club.Sports - ESPN - October 23 -
Harris and Trump command the market’s attention — but Jerome Powell may steal the spotlight
Investors are anxious about the possibility that it could take days, or even weeks, for the results of this week’s presidential and congressional races to be known. But Tuesday’s vote is hardly the ...Business - MarketWatch - November 3 -
What Trump’s Win Means for the Federal Reserve and Jerome Powell
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?Business - The New York Times - November 7 -
Powell says he won't resign for Trump, can't be fired
Federal Reserve Chair Jerome Powell had a clear, direct response when asked during a press conference Thursday if he would step down if asked to do so by President-elect Trump. “No,” said Powell, ...Politics - The Hill - November 7 -
The fight over election rules in Georgia
Early voting began in Georgia, as a court battle was still being fought over vote-counting rules. 60 Minutes spoke with Secretary of State Brad Raffensperger and state election board member Janelle ...Top stories - CBS News - November 3