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 - 5 hours ago

Fed chair 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 - 3 hours ago

Fed's Powell says Trump can't fire him; `Not permitted under the law'

Politics - Politico - 1 hour 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.

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% to 4.75%

World - Financial Times - 51 minutes 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 - 30 minutes 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 - 47 minutes ago

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 - 3 hours 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 - 1 hour 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 - 1 hour ago

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 - 1 hour 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 ...

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 ...

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 - 1 hour ago

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 - 4 days ago

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 - 4 hours ago

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

The personal consumption expenditures price index was expected to increase 0.2% in September and 2.1% from a year ago.

Business - CNBC - October 31

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday.

Here's what to expect with the Fed's rate cut decision on Thursday

The Federal Reserve will make a rate cut decision on November 7. Here's what economists expect.

Fed cuts interest rates days after election

The Fed cut interest rates by a quarter of a percentage point.

Here's what to expect with the Fed's next interest rate cut looming

On Thursday, the Federal Reserve will announce its latest decision on whether to cut its benchmark interest rate again. CBS News business analyst Jill Schlesinger breaks down what to know.

U.S. Officials Try to Advance Israel’s Cease-Fire Talks With Hezbollah and Hamas

William Burns, the C.I.A. director, made a last-ditch attempt to move Gaza talks along before U.S. elections next week.

Top stories - The New York Times - October 31

NC county Democratic chair resigns after Trump sign stealing charges

A county Democratic chair in North Carolina resigned after he was arrested and charged with stealing road signs supporting former President Trump. The Moore County Democratic Party announced Monday ...

Politics - The Hill - October 16

Puerto Rico Republican chair demands Trump apology for rally’s racist remarks

Angel M Cintrón, party’s chair on island, says he will not vote for Trump unless he says sorry for speaker’s comments. US elections 2024 – live updates The president of the Republican party’s ...

World - The Guardian - October 29

RNC Chair says Trump is 'playing offense' by visiting solid blue states

Republican National Committee (RNC) Chair Michael Whatley said former President Trump is “playing offense” by visiting blue states. “Donald Trump is playing offense right now. We are seeing ...

Politics - The Hill - October 30

Trump’s victory means fewer Fed rate cuts

“Trump is a president who likes to spend, he was a real-estate developer who loves to borrow. I don’t think he’s shaken either of those ideals,” notes one analyst.

Business - MarketWatch - Yesterday

Trump Is Inheriting Booming Markets and a Decisive Fed

Stocks and bitcoin are smashing records while the labor market deteriorates, U.S. debt balloons, and housing affordability worsens.

Business - Inc. - 7 hours ago

How Trump Is Trying to Win Gen Z Men

Young men in recent years have become more politically conservative. But will they vote? Kellen Browning, a New York Times reporter covering the 2024 election with a focus on Nevada and Arizona, ...

Top stories - The New York Times - 6 days ago

Larry Fink says the Fed won't cut interest rates as much as markets expect this year

"I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.

Business - CNBC - October 29

The stock market is expecting more interest-rate cuts than the Fed can give

The U.S. central bank doesn’t have much room to combat the next U.S. economic crisis.

Business - MarketWatch - 4 hours ago

The Fed is expected to cut interest rates again Thursday. Here's everything you need to know

Markets are pricing in a near-certainty that the FOMC will lower its benchmark rate by a quarter percentage point.

Business - CNBC - Yesterday

The Fed is draining liquidity from markets for longer than expected. Here’s why it’s making Wall Street nervous.

Wall Street is getting anxious about the plumbing in the financial markets as the Fed’s balance sheet shrinks.

Business - MarketWatch - 10 hours ago

Hopes not high for cease-fire talks with Blinken again in Israel to try to revive negotiations

U.S. Secretary of State Antony Blinken is in the midst of yet another trip to Israel to try to jumpstart talks for a hostage release and cease-fire deal in Gaza, but optimism is low for any ...

Israeli offensives continue in Lebanon and Gaza, Blinken still trying to jumpstart cease-fire talks

Lebanon's health ministry says Israeli forces carried out nearly 20 attacks on Beirut's southern suburbs Wednesday night. Those strikes came as the IDF appeared to tighten its siege of northern ...

Blinken announces $135 million in aid for Palestinians, still trying to push for cease-fire

U.S. Secretary of State Antony Blinken, still trying to restart long-dormant cease-fire negotiations in the Middle East, has announced an additional $135 million in aid money for Palestinians in ...

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