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Fed Reserve Chair Jeremy Powell

Trump says he doesn't plan to remove Fed Chair Powell despite investigation

The Trump administration has opened a criminal investigation into Jerome Powell over cost overruns linked to a $2.5 bn project to renovate two historic buildings at the Federal Reserve's headquarters

Trump says he doesn't plan to remove Fed Chair Powell despite investigation
Updated On : 15 Jan 2026 | 11:31 AM IST

Bill Pulte likely behind legal move against Fed Chair Jerome Powell

Some of Trump's allies were alarmed by the move, fearing a legal fight aimed at Fed Chair Jerome Powell will upset the bond market, some of the people said

Bill Pulte likely behind legal move against Fed Chair Jerome Powell
Updated On : 12 Jan 2026 | 12:07 PM IST

US Fed faces criminal probe as Powell links move to Trump pressure

In a statement released Sunday evening, Powell rejected the notion that the action was driven by his testimony or the renovation

US Fed faces criminal probe as Powell links move to Trump pressure
Updated On : 12 Jan 2026 | 7:14 AM IST

Fed may find itself in a bind as it sets stage for Powell's successor

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

Fed may find itself in a bind as it sets stage for Powell's successor
Updated On : 08 Dec 2025 | 11:26 PM IST

Markets eye US inflation, Powell's warning and key global data flow

Investors will monitor comments from Fed officials at public events in the coming week to gauge their appetite for a September rate cut

Markets eye US inflation, Powell's warning and key global data flow
Updated On : 24 Aug 2025 | 10:09 PM IST

Trump administration expands search for Fed chair, adds new names to list

The team chosen by Trump has been reviewing several contenders, including a former Fed president and a longtime economic consultant

Trump administration expands search for Fed chair, adds new names to list
Updated On : 09 Aug 2025 | 11:42 AM IST

Trump to replace Fed, labour chief amid row over jobs data, rate policy

After firing Bureau of Labour Statistics chief McEntarfer over weak jobs data and criticising Fed chair Powell, Trump signals new key appointments

Trump to replace Fed, labour chief amid row over jobs data, rate policy
Updated On : 04 Aug 2025 | 10:49 PM IST

Pressure mounts on Fed Chief Powell ahead of key GDP, jobs data release

Forecasters anticipate the heavy dose of data will show economic activity rebounded in the second quarter, largely due to a sharp narrowing of the trade deficit, while job growth moderated in July

Pressure mounts on Fed Chief Powell ahead of key GDP, jobs data release
Updated On : 27 Jul 2025 | 10:22 PM IST

Trump uses 'flood the zone' tactic to ramp up pressure on Fed's Powell

Trump escalates pressure on the Fed with a high-profile visit, signals retreat from firing Powell while pushing for rate cuts, using his trademark 'flood-the-zone' strategy

Trump uses 'flood the zone' tactic to ramp up pressure on Fed's Powell
Updated On : 25 Jul 2025 | 9:33 AM IST

Fed chair refutes Trump, says he's wrong on central bank renovation costs

President Donald Trump rattled off a number to shame Federal Reserve Chair Jerome Powell about the renovation costs of the Fed's headquarters and America's central banker dared to correct him. Live on video. The exchange occurred Thursday in the plywood-sheathed headquarters of the Fed that are still under construction. Both men wore white hard hats and dark suits. Trump spoke with utter certainty, while Powell skeptically cocked his eyebrows. Trump claimed the renovation project was over budget at a $3.1 billion price tag, while Powell pushed back and said the president was including an extra building that had been renovated five years ago. The Fed has maintained that renovation costs are $2.5 billion, an increase from $1.9 billion. It looks like it's about $3.1 billion, went up a little bit or a lot, said Trump. Powell shook his head in disagreement. I'm not aware of that, Mr. President, he responded. It just came out, said Trump, pulling a folded piece of paper from his suit .

Fed chair refutes Trump, says he's wrong on central bank renovation costs
Updated On : 25 Jul 2025 | 7:04 AM IST

Trump set to visit Federal Reserve today, intensifying pressure on Powell

Trump's repeated criticism of Powell and talk of firing him has rattled markets, raising concerns over central bank independence-a cornerstone of the global financial system

Trump set to visit Federal Reserve today, intensifying pressure on Powell
Updated On : 24 Jul 2025 | 9:40 AM IST

Trump calls Fed's Powell a 'numbskull', says he will be out in 8 months

US President Donald Trump has consistently criticised Powell for failing to lower interest rates and has often raised the prospect of removing him, while acknowledging that such a move is 'unlikely'

Trump calls Fed's Powell a 'numbskull', says he will be out in 8 months
Updated On : 23 Jul 2025 | 9:58 AM IST

White House ups pressure on Fed chair by targeting central bank renovation

President Donald Trump is escalating his pressure campaign to get the Federal Reserve chairman to either lower interest rates or quit his post by targeting the expensive renovation at the central bank's headquarters. The latest step came Thursday when Russ Vought, Trump's top budget adviser, sent a letter to Federal Reserve Chairman Jerome Powell saying the president is extremely troubled that plans may have violated government building rules with an ostentatious overhaul. Trump also named two close aides to an obscure commission who plan to review the Federal Reserve building plans another avenue to increase scrutiny on Powell, whose eight-year term formally ends next May. This follows a near-daily drumbeat of criticism that Trump has leveled at Powell, whom he has disparaged as a very stupid person who should resign immediately. It's an unprecedented attempt to reshape the Federal Reserve's traditional role as an autonomous arbiter of US monetary policy. If successful in getting

White House ups pressure on Fed chair by targeting central bank renovation
Updated On : 11 Jul 2025 | 7:42 AM IST

Dollar weakens as Donald Trump considers naming next Fed chair early

Traders are viewing the news as a signal that early rate cuts are becoming more likely, given Trump has repeatedly called on Powell to lower borrowing costs

Dollar weakens as Donald Trump considers naming next Fed chair early
Updated On : 26 Jun 2025 | 11:26 AM IST

Stock Market close highlights: Sensex up 700 pts, Nifty at 25,245; Smallcaps shine; IT index up 1.6%

Sensex Today | Stock Market close, Wednesday, June 25, 2025: The Nifty MidCap index and the Nifty SmallCap index added 0.44 per cent and 1.5 per cent, respectively

Stock Market close highlights: Sensex up 700 pts, Nifty at 25,245; Smallcaps shine; IT index up 1.6%
Updated On : 25 Jun 2025 | 3:59 PM IST

Fed chair Powell signals rethink of strategy on jobs and inflation risks

The Fed for now has said it would stay on the sidelines, with interest rates held steady in the current 4.25% to 4.5% range until those questions get resolved

Fed chair Powell signals rethink of strategy on jobs and inflation risks
Updated On : 15 May 2025 | 11:52 PM IST

Fed's Powell set to defy Trump pressure, likely to hold rates steady

With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday

Fed's Powell set to defy Trump pressure, likely to hold rates steady
Updated On : 04 May 2025 | 7:22 AM IST

Trump says Fed chair Powell's termination can't 'come fast enough!

Trump, in a post on his social media platform Truth Social, reiterated his stance on rate cuts, saying that Powell should have lowered interest rates

Trump says Fed chair Powell's termination can't 'come fast enough!
Updated On : 17 Apr 2025 | 5:41 PM IST

US stocks tumble as Jerome Powell flags risks from Trump's tariff policies

Fed Chair Jerome Powell warns Trump's tariffs could fuel inflation and slow growth, adding uncertainty to markets as Wall Street reels from sharp declines in major indexes

US stocks tumble as Jerome Powell flags risks from Trump's tariff policies
Updated On : 17 Apr 2025 | 11:27 AM IST

US import prices unexpectedly fall in March on cheaper energy goods

Import prices dipped 0.1% last month after a downwardly revised 0.2% gain in February, the Labor Department's Bureau of Labor Statistics said on Tuesday

US import prices unexpectedly fall in March on cheaper energy goods
Updated On : 15 Apr 2025 | 7:14 PM IST