Jerome Powell

NEWS ANALYSIS

Fed will wait out war, monitor oil shock impact before acting on interest rates

The US central bank hinted that it may not cut rates until the fog from the Iran war has cleared

Trump, who has long implored both Powell and the Fed to lower interest rates aggressively, has nominated a replacement for Powell, former Fed governor Kevin Warsh.

Powell says no plans to leave Fed until investigation over

The investigation has stirred speculation in recent months that he might continue serving his term as a governor, which runs until 2028

Oil has been hovering around US$100 a barrel after surging 35% in a week following the Feb 28 US-Israeli strikes on Iran.
NEWS ANALYSIS

Stuck between inflationary and deflationary forces, Fed almost certain to keep rates unchanged

Officials warn any rate-cut plans will be shelved until the aftershocks of the Iran war become clear

The strength of the US dollar and the weakness of the Treasury market on the day Kevin Warsh’s nomination was announced suggest that markets anticipate him to continue holding the current Fed chair's line on rates.
NEWS ANALYSIS

Disappointment for some, relief for others as markets ponder Warsh’s nomination as next Fed chief

In some quarters, he is seen as a ‘credible choice’, who may hold his own against President Trump’s demand for rate cuts

US Federal Reserve chairman Jerome Powell has painted a picture of an economy that did not require any further rate cuts for the foreseeable future.
NEWS ANALYSIS

Powell defends independence of Federal Reserve

It will maintain trust in central banks that monetary policy will not be abused for short-term gains that might win elections

Fed chair Jerome Powell has earned a reputation as an unlikely champion of the old order's resistance to President Donald Trump's expansion of his presidential powers.
NEWS ANALYSIS

Fed’s first meeting of 2026 likely to be dominated by threats to central bank’s independence

The benchmark rate is likely to stay put at between 3.5 and 3.75%

Several officials, some close to Fed Chair Jerome Powell, have been signalling that rates are now in the right place to shore up employment and still keep downward pressure on inflation.

Fed to hold rates as political storm intensifies around Powell

The decision is likely to amplify the outrage of US President Donald Trump, who wants them slashed

“We’re down to three, but we’re down to two. And I probably can tell you we’re down to maybe one in my mind,” President Trump told CNBC in Davos, Switzerland.

Trump says he may be down to one candidate to head the Fed

[DAVOS, Switzerland] US President Donald Trump on Wednesday indicated he was close to choosing the new chair of the Federal Reserve, adding he liked the idea of keeping White House economic adviser Ke...

Federal Reserve Chair Jerome Powell (right) called the investigation a pretext to put pressure on the central bank to cut rates, as President Trump has repeatedly called for it to do.

Democratic senators demand records on Powell probe

US DEMOCRATIC senators Elizabeth Warren and Dick Durbin on Tuesday called for President Donald Trump’s administration to turn over records related to the Justice Department’s criminal probe of Federal...