Jerome Powell

Bessent sees one or two more Fed chair interviews this week

Trump is slated to interview the central bank governor Chris Waller on Dec 17 for the chair job

Fed chairman Jerome Powell, who will step down in May next year after overseeing three more meetings, has confirmed that the Fed is leaning towards a pause.
NEWS ANALYSIS

More dissenters could signal increased resistance to future Fed rate cuts

Investors should be positioned for the Fed to continue easing at least once more in 2026, say analysts

US Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., Dec 10, 2025. The Federal Reserve has announced interest rates has been cut by 0.25 points.

Divided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds

The pace of price increases has risen steadily from 2.3 per cent in April, above the Fed’s 2 per cent inflation target

White House National Economic Council Director Kevin Hassett remains the frontrunner in the race to succeed Jerome Powell atop the Fed, the FT said on Tuesday.

Trump says he has ‘good idea’ of who he wants for Fed chair

PRESIDENT Donald Trump said he will be looking at a couple of candidates to chair the Federal Reserve, after the Financial Times reported that he would begin interviews with contenders this week.

Kevin Hassett (left), director of the National Economic Council, is seen as someone who would advance Trump’s preference for lower interest rates and more aggressive monetary easing.

Kevin Hassett and the Federal Reserve chair: a likely appointment?

The prospect of Hassett leading the Fed has generated significant concern among economists and market observers

The US stock market is right back around where it was before the Fed’s October meeting tripped up the bulls. The market foundered in November as Fed funds futures markets cast doubt on the assumption that the central bank would cut rates at its meeting this week.
NEWS ANALYSIS

Fed likely to trim rates again this week, but it could be a ‘hawkish’ cut

Futures markets are pricing in a near certainty that it will cut rates by another quarter of a percentage point, bringing them down to a range of between 3.5% and 3.75%

Many Wall Street economists are raising their growth forecasts in 2026, while Fed chief Powell's impression of the US economy remains rosy.
NEWS ANALYSIS

Powell’s warning to investors and lenders: The Fed won’t spoil the markets any longer

With rates in the 3 to 4% range, monetary policy is no longer restrictive

Blackrock chief investment officer Rick Rieder is one of five candidates on Treasury Secretary Scott Bessent’s shortlist of potential successors to Fed chair Jerome Powell when his term ends mid-May.

US Fed chair candidate Rieder says Powell was more hawkish than expected

The Fed cut the interest rate by a quarter of a percentage point

The Fed chair has also said that the lack of economic data during the ongoing government shutdown may cause policymakers to proceed more cautiously.

US Fed cuts rates by 0.25%, Powell signals December move ‘far from’ certain

The US government shutdown has frozen or pushed back the compilation and release of key reports tracking the economy