Jerome Powell and the Fed Head for Another Collision with Trump
Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns to the White House.
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Economists trim Fed rate cut estimates on fear of Trump inflation surge
Deregulation, tax cuts and tariffs stoke probability of stubbornly high price growth, FT-Chicago Booth poll findsFinancial Times - 21h -
Trump names Truth Social head as chair of intelligence advisory board
Former lawmaker Devin Nunes accused FBI of conspiring against Trump during Russian election interference inquiry. Donald Trump on Saturday named ally Devin Nunes, a former US lawmaker who now runs ...The Guardian - 1d -
FAA head Michael Whitaker to step down before Trump takes office
Mike Whitaker, head of the FAA, the key agency that oversees Boeing and the U.S. airline industry, said he will step down Jan. 20, as Donald Trump takes office.CNBC - 4d -
How LGBTQ Americans are preparing for another Trump term
President-elect Donald Trump repeatedly pledged to roll back rights for transgender people during his campaign. Kate Sosin, LGBTQ+ reporter for The 19th, joins "America Decides" to discuss how ...CBS News - 4d -
Bessent: Powell can serve out remainder of term as Fed chair
Scott Bessent, President-elect Trump’s pick to lead the Treasury Department, said Tuesday that Federal Reserve Chair Jerome Powell can serve out the remainder of his term leading the central bank. ...The Hill - 5d -
Inflation ticks higher as Fed eyes another rate cut
Inflation picked up slightly in November, according to data released Wednesday by the Labor Department, but likely not by enough to derail the Federal Reserve's plans for another rate cut. Consumer ...The Hill - 5d -
Fed Chair Jerome Powell can serve remainder of term, says Trump’s Treasury pick Bessent
President-elect Donald Trump's pick for Treasury secretary said Federal Reserve Chair Jerome Powell could serve out his term.CNBC - 5d -
Feds collected records of congressional staff, reporters in Trump-era leak probes
The Justice Department failed to follow internal policy and ignored protections when seeking records from members of Congress, dozens of congressional staffers and members of the media, a watchdog ...CBS News - 6d -
Trump’s revenge: Naming Dr. Bhattacharya to head the NIH
President-elect Donald Trump has nominated Dr. Jay Bhattacharya to head the National Institutes of Health, a move that has been met with praise from some for his qualifications and potential to ...The Hill - 6d -
Household finance outlook hits highest since February 2020 following Trump win, New York Fed survey shows
Heads of households expecting their financial situation to be better a year from now jumped to 37.6%.CNBC - Dec. 9 -
Trump Says He Won’t Try to Fire Jay Powell as Fed Chair
The president-elect said he would not try to replace the Federal Reserve chair, but would seek to cut immigration, impose tariffs and more.The New York Times - Dec. 9 -
Trump says he will not remove Jay Powell from Fed before term ends
President-elect also does not rule out higher inflation as a result of his tariffsFinancial Times - Dec. 8 -
Trump Says He Does Not Have Plans to Replace Jerome Powell as Fed Chair
Donald J. Trump, the president-elect, said he doesn’t “see it” when asked if he would try to oust the head of America’s central bank.The New York Times - Dec. 8 -
Trump says he won't seek to remove Fed chairman Powell
President-elect Trump in a new interview said he does not plan to try and fire Jerome Powell as chairman of the Federal Reserve upon taking office next year. "No, I don't think so. I don't see it," ...The Hill - Dec. 8 -
Donald Trump says he won't fire Fed chief Jerome Powell
President-elect Donald Trump says he will not try to replace Federal Reserve Chair Jerome Powell, whose term runs through May 2026, during an exclusive interview with Meet the Press.NBC News - Dec. 8 -
Trump says he won't fire Fed chief Jerome Powell
President-elect Donald Trump said he will not try to replace Federal Reserve Chair Jerome Powell, whose term runs through May 2026.NBC News - Dec. 8 -
Watch: Britain’s Katy Marchant breaks arm in terrifying collision
Britain’s Katy Marchant suffered a broken arm and the UCI Track Champions League’s final round was cancelled following a nasty crash at the Lee Valley VeloPark on Saturday night.Yahoo Sports - Dec. 8 -
Why Powell and the Fed should pause interest-rate cuts in December
Some say November’s jobs data support holding monetary policy steady.MarketWatch - Dec. 7 -
Trump Picks Kelly Loeffler, a Top Donor, to Head Small Business Administration
During a brief stint as a senator from Georgia, she became a fervent supporter of the president-elect’s agenda near the end of his first term.The New York Times - Dec. 6 -
As Hegseth's fight to head Pentagon lags, Trump not trying to save him: Sources
ABC News was told Trump has expressed to those close to him that Hegseth should have been more honest and forthcoming about challenges he could face given his history.ABC News - Dec. 6 -
Trump heads to France as world leaders seek to curry favor
President-elect Trump is holding court with foreign leaders as they seek to gain influence and insight into his mindset before he takes office, with the expectation that the Trump administration ...The Hill - Dec. 6 -
These Two Factors Could Set Up a Trump Clash With the Fed
If borrowing costs don’t drop and household costs remain high, the incoming president could turn his ire on the traditionally independent central bank.Inc. - Dec. 5 -
What Fed chief Powell said about crypto that may have aided bitcoin’s rally to $100,000
Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell.NBC News - Dec. 5 -
Bitcoin breaks $100,000, boosted by Trump’s crypto embrace and Powell’s remarks
Bitcoin stages a remarkable comeback two years after the implosion of FTX to hit this $100,000 milestone, helped along by Wall Street titans who bet on crypto’s future.MarketWatch - Dec. 5 -
What Fed chief Powell said about crypto that may have aided bitcoin's rally to $100,000
Powell said bitcoin is not a challenge for traditional currencies such as the U.S. dollar but rather for gold.CNBC - Dec. 5 -
Fed Chair Jerome Powell and Billionaires Jeff Bezos and Ken Griffin Agree: The U.S. Must Grow Its Way Out of Debt
The three heavyweights weighed in on the economy, the debt crisis, and central banking at the 2024 DealBook Summit.Inc. - Dec. 5 -
A Manhunt in Manhattan, and Another Trump Pick in Trouble
Plus, the A.I. that aces weather forecasts.The New York Times - Dec. 5 -
Trump Chooses Ex-Senator Kelly Loeffler as SBA Head
Loeffler served Georgia in the Senate from 2020 to 2021.Inc. - Dec. 4 -
Trump names Billy Long as IRS head
President-elect Donald Trump said he would nominate Rep. Billy Long (R-Miss.) to serve as the Commissioner of the Internal Revenue Service (IRS) in a Wednesday post on Truth Social. “I am pleased ...The Hill - Dec. 4 -
Powell's debt warning
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Powell warns US on 'unsustainable' path Federal Reserve Chair Jerome Powell ...The Hill - Dec. 4 -
Powell says he's not worried about the Fed losing its independence under Trump
Federal Reserve Chair Jerome Powell spoke Wednesday at the New York Times DealBook conference.CNBC - Dec. 4 -
Powell ‘not concerned’ over risks Trump will stifle Fed independence
US central bank chief says his institution has ‘broad support’ on Capitol HillFinancial Times - Dec. 4 -
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.The New York Times - Dec. 4 -
Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto at Dealbook conference
The appearances comes two weeks ahead of when the central bank will announce is decision on interest rates.CNBC - Dec. 4 -
Asteroid on 'collision course' with Earth burns up above far northeastern Russia
A small asteroid sped toward Earth before it burned out above far northeastern Russia on Tuesday night, sparking a natural light show for residents in the remote corner of the planet, officials said.NBC News - Dec. 3 -
Maher on another Trump term: 'I'm s‑‑‑ting my pants. ... I may quit'
Comedian Bill Maher said in a podcast that he is tempted to quit his show, citing the prospect of President-elect Trump’s second term. “I’m s‑‑‑ting my pants,” Maher said. “I mean, I may quit ...The Hill - Dec. 3 -
Remco Evenepoel sustains multiple fractures after collision with post van
Bike collided with the open door of vehicle in Belgium Incident broke double Olympic champion’s bike in two The double Olympic champion Remco Evenepoel suffered fractures to his rib, right ...The Guardian - Dec. 3 -
Under Powell, the Fed Makes Monetary Policy Boring Again
The central bank no longer needs to play a prominent role in the U.S. economy, which is running more normally as the pandemic crisis recedes.Inc. - Dec. 2 -
Kash Patel, Trump’s latest nominee, is just another toady
It is a given that Patel as FBI director would not act independently of the president.The Hill - Dec. 2
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