Jerome Powell

Donald Trump says he will announce new Fed chair 'early next year'

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

Stock Market Close: Sensex falls 504 pts, Nifty at 26,032 amid profit-booking; financials top drag

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

I know who I am going to pick, says Trump on his choice of next Fed chair

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 could retest record highs as traders eye Powell's speech, RBI policy

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 ...

Trump may unveil his pick for US Fed chief before Christmas, says Bessent

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

Trump signals he has identified his pick for next Federal Reserve chair

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

Markets flinch on Powell's hint of rate restraint, trade truce doubts

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

Stock Market close: Sensex falls 593 points, Nifty at 25,878; financial services, IT shares drag

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

Trump admin shortlists five candidates to replace Fed Chair Jerome Powell

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

Wall Street indexes flat; Fed Chair Jerome Powell flags challenges

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

Fed chief Powell reiterates no risk-free path amid job, inflation risks

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

Rupee slips to 88.13 as hawkish Fed cut ends four-day winning streak

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

Powell delivers 25-bps cut but keeps markets guessing on rate path

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 close: Sensex adds 320pts on US Fed rate cut; Nifty at 25,423; pharma shares outperform

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

Trump names Hassett, Warsh and Waller as top three finalists for Fed chair

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

Fired US Fed Governor Lisa Cook to sue Trump in rare legal challenge

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

Stock market closing highlights: Sensex falls 849 pts; Nifty at 24,712; India VIX up 4%

Sensex Today | Stock market closing highlights, Aug 26, 2025: In the broader markets, the Nifty MidCap index fell 1.62 per cent and the Nifty SmallCap index slipped 2.03 per cent

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

Rupee weakens tracking rise in dollar index ahead of Powell's speech

The rupee depreciated by 0.3% as the dollar strengthened, amid concerns over upcoming US tariffs and ahead of Jerome Powell's speech at Jackson Hole

Wall St jumps more than 1% after Powell hints at September rate cut

Powell's comments opened the door to a rate cut at the Fed's September 16-17 meeting, but also underlined the importance of the jobs and inflation data that will be available by then