Jerome Powell

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

“We’re not going to have a Fed that’s going to raise interest rates because they’re worried about inflation in three years from now,” US President Donald Trump said.

Trump renews attack on Fed, accuses Powell of being too slow on rate cuts

The remarks underscore the tension between Trump and the Federal Reserve

The Fed is expected to cut interest rates this week to a range of between 3.75% and 4%.
NEWS ANALYSIS

As Fed prepares to cut rates this week, all eyes are on outcome of Trump-Xi meeting in Seoul

Prospect of a trade deal between Washington and Beijing has raised hopes of prices of goods coming down ahead of the holiday season

Lisa Cook (right) was sworn in as a member of the Fed's board of governors by Fed chair Jerome Powell (left) in Washington, DC in May 2022.
NEWS ANALYSIS

Fed’s independence still in jeopardy even as governor Lisa Cook stays in job for now

Analysts say that an ouster by Trump would undermine trust in an institution that lies at the heart of the trust-based financial system