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 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

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.

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

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.

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 ...

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 - 4 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.

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 - 6 days 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 - 6 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

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

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.

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

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.

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 - 6 days ago

Fed policy expected to collide with the reality of a second Trump term

The Federal Reserve is set to announce its latest rate decision Thursday — and while it is widely expected to lower its key rate for the second time since September, Donald Trump’s electoral ...

Powell sends one crystal clear message to Trump: Firing me is ‘not permitted under the law’

When questioned if he would leave his post if asked by Trump, he answered simply, “No.”

Business - MarketWatch - November 7

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 - 6 days 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 - 6 days ago

Interest rate cut expected from Fed, U.S. markets surge after Trump election win

Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald ...

How will the Fed handle Trump?

Federal Reserve chair cannot easily prepare for president-elect’s second term but might benefit from being less aggressive

Business - 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 - 5 days ago

Two powerful banking regulators say they won’t step down just because Trump won

Two of the U.S. government’s most powerful banking regulators have said that they have no plans to step down, in response to pointed questions about their futures under a Trump administration from ...

Business - MarketWatch - 22 hours ago

Trump makes picks for FCC chair and energy secretary

President-elect Donald Trump said he has selected Brendan Carr as chairman of the Federal Communications Commission, the current top Republican commissioner at the agency, and oil and gas industry ...

FCC chair to step down on Trump's inauguration

Federal Communications Commission (FCC) Chair Jessica Rosenworcel announced Wednesday she will depart the regulatory agency on Inauguration Day when President-elect Trump returns to the White ...

Politics - The Hill - 3 hours ago

Latest in Trump is not expected to try to fire Fed Chair Powell