The Business Times

Jerome Powell

Global Enterprise

Fed’s Powell says economy on firmer footing, though low-hiring, low-firing trend continues

(FILES) Lisa Cook (R) takes the oath of office as she is sworn-in to become a member of the Federal Reserve Board by Federal Reserve Board Chair Jerome Powell, at the Federal Reserve Building in Washington, DC, on May 23, 2022. US Federal Reserve Governor Lisa Cook filed a lawsuit on August 28, 2025, to challenge Donald Trump's move to fire her -- as the president intensified pressure on the independent central bank. Cook also asked for a temporary restraining order declaring that Trump's attempt to fire her is unlawful and preventing the Fed from removing her for now. A hearing on that motion has been set for August 29. Trump had published a letter on his Truth Social platform on August 25, stating that he was removing Cook from her role and citing accusations of false statements on her mortgage agreements. (Photo by OLIVIER DOULIERY / AFP)
Opinion & Features
NEWS ANALYSIS

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

At its Sep 17 meeting, the Federal Reserve cut interest rates by 25 basis points to a target range of 4.00 to 4.25%. Policymakers noted that growth is moderating and inflation remains “somewhat elevated”, with Chairman Jerome Powell (above) emphasising a cautious “meeting-by-meeting” approach.
Companies & Markets
CHARTPOINT

Broader uptrend intact for Nasdaq-100, with bias tilted towards the upside

While job market concerns are now competing more with high inflation in the minds of Federal Reserve officials, its Chair Jerome Powell said there was no “risk-free path” for the Fed to follow at the moment.
Banking & Finance

Fed’s Powell strikes middle path on inflation, jobs as others take sides

When the US Federal Reserve cut rates on Wednesday, the Russell 2000 index of small caps – the most closely tied to the fortunes of the US economy – surged by over 2%.
Opinion & Features
NEWS ANALYSIS

Fed’s rate-cut plans pre-empt a recession, rather than reacting to one

FILE PHOTO: U.S. President Donald Trump and Federal Reserve Chair Jerome Powell speak during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. REUTERS/Kent Nishimura/File Photo
Opinion & Features
NEWS ANALYSIS

Whether it’s one rate cut or more, Fed’s Powell likely to act with caution as inflation stays high

Powell treads fine line between fighting inflation and pivoting to rate cuts
Opinion & Features
NEWS ANALYSIS

Powell treads fine line between fighting inflation and pivoting to rate cuts

Financial markets are betting that the Fed will lower its benchmark interest rate by a quarter of a percentage point at the meeting next month.
Banking & Finance

Fed officials lukewarm on September rate cut as markets await Powell speech

US Federal Reserve chair Jerome Powell has flagged that a recalibration is coming, potentially emphasising stable inflation.
Global Enterprise

Fed’s expansive experiment in strategy to get a reboot at Jackson Hole

US Treasury Secretary Scott Bessent said that there are 11 “very strong candidates” being considered for Powell’s position.
International

Bessent says interviews for new Fed chair to start around Sep 1

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