Tag: Jerome Powell

• Wednesday, May 13th 2026 - 20:00 UTC

  Warsh to succeed Powell at the Fed with inflation at three-year high

  

  The US Senate on Wednesday confirmed economist Kevin Warsh as the 17th chair of the Federal Reserve in a 54-45 vote, in a transition that hands control of the world's most influential central bank to President Donald Trump's pick at a moment of strong inflationary pressure. Warsh, a former Fed governor during the 2008 financial crisis and a former Morgan Stanley banker, will formally take office on Friday 15 May, following the departure of Jerome Powell, whose eight-year term has been marked by successive economic crises and a prolonged clash with the White House over the central bank's political independence.

• Wednesday, April 15th 2026 - 22:12 UTC

  Trump says he will fire Powell if he stays past May as Senate stalls successor's confirmation

  

  US President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell if he does not leave when his term expires on May 15. “Well then, I'll have to fire him,” Trump said in an interview on Fox Business. “I've held back firing him. I've wanted to fire him, but I hate to be controversial. I want to be uncontroversial, but he will be fired.”

• Friday, January 30th 2026 - 18:50 UTC

  Trump taps Kevin Warsh to lead the Federal Reserve, setting up a high-stakes confirmation fight

  

  Donald Trump said on Friday he will nominate Kevin Warsh, a former Federal Reserve governor, to become the next chair of the U.S. central bank, replacing Jerome Powell when Powell’s term as chair expires in May. The announcement, delivered via Truth Social, follows months of speculation over who would inherit the world’s most consequential monetary-policy job.

• Monday, January 19th 2026 - 18:45 UTC

  Trump’s obsession: why central bankers came out in support of Fed’s chair Powell

  

  By John Hawkins (*) - Central bankers from around the world have issued a joint statement of support for US Federal Reserve Chair Jerome Powell, as he faces a criminal probe on top of mounting pressure from US President Donald Trump to resign early.

• Thursday, October 30th 2025 - 11:38 UTC

  Fed lowers benchmark interest rate

  

  Amid a softer labor market, the United States' Federal Reserve (Fed) voted Wednesday to cut its benchmark interest rate by 0.25 basis points, moving the target range to 3.75%–4%. This marks the lowest level in three years and continues the easing cycle dating back to last month.

• Thursday, January 30th 2025 - 11:29 UTC

  Fed leaves rates unchanged with a message to Trump, “in no hurry to adjust policy stance”

  

  The United States Federal Reserve left interest rates unchanged following the two day meeting with Fed chair Jerome Powell emphasizing at the press conference that “the bank is in no hurry to adjust its policy stance, since the US economy remains strong”.

• Friday, November 8th 2024 - 19:21 UTC

  US Federal Reserve cuts rate by 25 basis points, but future decisions to be conditioned by Trump and Republicans dominance

  

  The US Federal Reserve’s Open Market Committee cut interest rates by a quarter percentage point, on Thursday, the same week in which Donald Trump was swept in as elected president with a Legislative and Judicial branch packed with his conservative populists.

• Thursday, August 1st 2024 - 07:48 UTC

  US Fed keeps rates unchanged; chair Powell believes a cut rate “could be on the table in September”

  

  The Unites States Federal Reserve on Wednesday, following on a two day meeting (July 30/31) kept the key interest rate unchanged at a 23 year high of 5,3%, but chairman Jerome Powell said that the stage was set for the central bank's first rate cut in four years. With lower inflation and a cooler jobs market, this could happen at the next FOMC meeting in September.

• Thursday, May 2nd 2024 - 05:08 UTC

  The Fed leaves rates unchanged because of lack of further progress on lowering inflation

  

  The United States kept interest rates unchanged, given “a lack of further progress” toward lowering inflation. This means the Fed rate at 5,25% and 5,5% is at the highest level in more than two decades.

• Monday, April 1st 2024 - 12:22 UTC

  Federal Reserve chairman Powell, “in no rush to begin cutting interest rates”

  

  Despite an encouraging Personal Consumption Expenditure Index, PCE, Federal Reserve Chair Jerome Powell repeated on Sunday that the U.S. central bank isn’t in any rush to cut interest rates as policymakers await more evidence that inflation is contained.