News

Contenders to succeed Powell slam Fed chair as White House pressure intensifies

Two top contenders to replace Jerome Powell slammed the Fed chair for a $2.5 billion renovation of the central bank's ...

Can the Fed stay independent? Trump-era adviser may put it to the test.

Kevin Hassett's Trump-era makeover is fueling questions about the independence of the Federal Reserve as he emerges as a ...
The Business Times5d

Bessent suggests Powell should leave Federal Reserve board in May

WASHINGTON] US Treasury Secretary Scott Bessent suggested that Federal Reserve chair Jerome Powell should step down from the ...

Trump may name a ‘shadow’ Fed chair, an unprecedented development in American history

President Donald Trump said last week that he will announce his pick to succeed Federal Reserve Chair Jerome Powell “very ...
The Financial Express19d

Which two candidates are most likely to succeed Powell as head of the ...

President Trump plans to name a successor to Jerome Powell, who ends his term as Fed chair in May 2026. Two contenders have emerged as the next US Fed chief after Powell.

Bessent Suggests Powell Should Leave Fed Board in May

US Treasury Secretary Scott Bessent suggested that Federal Reserve Chair Jerome Powell should step down from the central bank’s board when his term as chair is up in May 2026.