Jerome Powell

The US Federal Reserve has cut interest rates for the third meeting in a row.

The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row on Wednesday but signalled that it may leave rates unchanged in the coming months. Chair Jerome Powell signalled at a news conference that the Fed would likely hold off on further rate cuts in the coming months while it evaluated the health of the economy. And in a set of quarterly economic projections, Fed officials signalled they expect to lower rates just once next year. Wednesday's cut reduced the rate to about 3.6 per cent, the lowest it has been in nearly three years. Lower rates from the Fed can bring down borrowing costs for mortgages, auto loans, and credit cards over time, though market forces can also affect those rates. Fed officials "will carefully evaluate the incoming data," Powell said, adding that the Fed is "well positioned to wait to see how the economy evolves." The chair also said that the Fed's key rate was close to a level that neither restricts nor stimulates the

With most assets frozen in the Fed headlights, attention was grabbed by a sudden slide in the Japanese yen and the continued dizzy ascent of silver prices, which both hit record peaks

Trump wants lower borrowing costs in particular to boost the housing sector as a way to address broader concerns about affordability that could be central to midterm elections

The president on Sunday told reporters he knew who he would nominate, without offering further details

Sensex Today | Stock Market close, Tuesday, December 02, 2025: In the broader markets, the Nifty MidCap index fell 0.22 per cent, while the Nifty SmallCap index fell 0.55 per cent

Trump has frequently excoriated current Fed chief Jerome Powell for failing to lower rates swiftly and signalled he wants a chair who will more forcefully pursue cuts

Gold prices are poised to remain firm and could edge closer to record highs next week as investors await key US data, Federal Reserve Chair Jerome Powell's speech and the Reserve Bank of India's policy decision, analysts said. "Gold moves out of the consolidation range as investors focus on the manufacturing and services PMI data from across regions, US jobs data, and consumer sentiments," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. "Adding to that would be Fed chair Jerome Powell's speech on Monday, developments over the Russia-Ukraine peace talks and RBI policy meeting on Friday, all of which will be closely monitored by traders," he added. On the Multi Commodity Exchange (MCX), gold futures for the February 2026 contract climbed by Rs 3,654, or 2.9 per cent, over the past week to close at Rs 1,29,504 per 10 grams on Friday. In the domestic markets, "rupee's weakness and local demand have been a significant contributor to ...

Bessent has narrowed the search for a successor to Fed Chair Jerome Powell, whose leadership term expires in May, to five from as many as 11, and said in an interview with CNBC

The president has publicly mused about the decision, praising candidates on the list, but has been coy about suggesting whether he's leaning toward any particular candidate

Fed's cautious tone and renewed trade concerns triggered profit booking, pulling Sensex and Nifty down even as indices stayed near record highs

Sensex Today | Stock Market close: In the broader markets, the Nifty MidCap 100 rose marginally by 0.1 per cent and the Nifty SmallCap 100 indices fell 0.1 per cent, respectively

Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year. On an Air Force One flight to Asia with President Donald Trump, Bessent said he would engage in a second round of interviews in the coming weeks and present a good slate of candidates to Trump right after Thanksgiving. Trump said he expected to decide on Powell's replacement by the end of this year. The five people under consideration are: Federal Reserve governors Christopher Waller and Michelle Bowman; former Fed governor Kevin Warsh; White House economic adviser Kevin Hassett; and Rick Rieder, senior managing director at asset manager BlackRock. The names suggest that no matter who is picked, there will likely be big changes coming to the Federal Reserve next year. Bessent, who is leading the search for Powell's replacement, last month published extensive criticisms of the Fed and some of the policies it has pursued from th

Investors are hoping for further reductions to sustain the rally that has allowed Wall Street to scale new highs in September, defying historical trends

Powell offered no hints on whether he might support a rate cut at the Fed's next meeting, in October

The rupee fell to 88.13 per dollar after the US Fed's hawkish 25 bps cut, ending a four-day rally, as bond yields rose on selling by dealers and supply-demand mismatch

Federal Reserve Chair Jerome Powell cut rates by 25 bps but left investors uncertain on future easing, citing inflation risks as markets priced in deeper reductions

Stock Market Highlights on September 18, 2025: Among the broader markets, the Nifty Midcap100 and Smallcap100 indices settled with gains of 0.38 per cent and 0.29 per cent, respectively

Earlier, Trump indicated that while he had some idea of who he wanted to pick for the position, he was committed to an interview process

Trump dismissed Federal Governor Lisa Cook on charges of mortgage fraud. Her removal comes at a time when Trump has been trying to ramp up efforts to exert control over the US Fed