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    Fed Chair Jerome Powell

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    • Jerome Powell says he won’t step down amid probe, may serve as interim Fed chair

      Jerome Powell’s term as Fed chair is set to end in May, while his term as a governor runs until January 2028

    • 'Grossly incompetent': Donald Trump escalates attacks on Fed Chair Jerome Powell

      Scott Bessent, who is overseeing the shortlist, recently said Trump is expected to meet the three finalists after Thanksgiving, on November 27, with a final decision likely before Christmas.

    • US Treasury Secretary Scott Bessent says no reason for Fed chair Jerome Powell to resign immediately

      Bessent noted that Powell's term as Fed chair ends in May 2026, and that he should see out his full term if he wants to.

    • Fed’s Powell says no need to hurry rate cuts with economy strong

      Powell’s remarks prompted traders to pare back expectations for a December rate cut, with the policy-sensitive yield on two-year Treasuries rising as much as eight basis points to 4.36% Thursday.

    • Federal Reserve cuts interest rate by a quarter-point to boost job market and combat inflation| N18G

      The Federal Reserve cut its key interest rate by a quarter-point, following a larger reduction in September, to address declining inflation and support the job market. The new rate stands at 4.6%, down from a high of 5.3%. While the Fed initially projected more rate cuts, ongoing economic growth and expectations of higher inflation under a Trump presidency may impact future decisions. Fed Chair Jerome Powell stated that election results won’t affect short-term rate decisions and emphasized the goal of gradually lowering the rate to a "neutral" level. Concerns remain about potential political interference in the Fed’s independent decisions.

    • Fed cuts rates for second-straight meeting to support economy

      Officials voted unanimously to lower the federal funds rate to a range of 4.5% to 4.75%

    • Inflation fight to Sept rate cuts: Key takeaways from US Fed meeting

      Powell's tone was optimistic, contributing to a rally in the stock market. The S&P 500 saw its largest gain since February, while Treasury yields fell and the dollar weakened against other major currencies.

    • Fed hints at September rate cut; How will Indian markets react?

      Federal Reserve Chairman Jerome Powell hints at a potential rate cut in September, sparking expectation of positive impact on Indian equity markets and emerging market investments.

    • Fed Chair Jerome Powell: US inflation is slowing again, though it isn't yet time to cut rates

      After some persistently high inflation reports at the start of 2024, Powell said, the data for April and May "do suggest we are getting back on a disinflationary path."

    • Stocks rise modestly after Fed, US data; yen slightly stronger

      U.S. stocks gained slightly in early trading, after Fed Chair Jerome Powell said that while recent inflation readings mean it will likely take longer than expected for central bank officials to become comfortable that inflation will resume its decline

    • Wall Street gains on Powell's rate cuts talk, Japanese market hits new record highs

      Federal Reserve Chairman Jerome Powell has said interest rate cuts are on track this year while reiterating focus on inflation goal of 2 percent

    • Dollar gains before Fed, March rate cut seen less likely

      Traders have cut odds that the US central bank will reduce rates to 49%, from 73% a month ago, according to the CME Group's FedWatch Tool, as data reinforces a view that the U.S. economy remains solid.

    • Poll sees Fed rate cuts later than what Street is expecting

      Bloomberg’s monthly survey shows the median expectation is for the US central bank to reduce the benchmark rate by 25 basis points at the June 2024 policy meeting, followed by three more cuts in the second half of the year. The benchmark has been in a range of 5.25% to 5.5% since July.

    • The Fed’s stance poses risks for an overheated stock market

      Narrowing interest rate differential between US and India markets raises the risk of foreign fund outflows, especially if future data points to more rate hikes. Investors should prepare for volatility 

    • Traders largely indifferent, some expect a knee-jerk reaction to FOMC meeting

    • Why the Fed raised rates despite tighter credit conditions

    • Fed minutes to show support level for larger hikes, higher peak

    • The Fed shouldn’t raise its inflation target

    • Why S&P 500 may test more lows even as Fed pivot hope rises

    • Tough economic times lie ahead

    • The stark warnings from Jackson Hole 

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