Page 2 - Jerome Powell

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

Powell hints at interest rate changes amid shifting economic risks

Powell's highly anticipated remarks didn't appear to match the expectations of investors who are betting the Fed will deliver its first interest-rate cut of the year at the Sept

Sensex falls 700 pts, Nifty below 25k: Why are stock markets falling today?

The BSE Sensex tumbled 571 points in the intraday to hit a low of 81,429.33. The NSE Nifty50 also slipped below the 25,000 mark

Stock Market Highlights: Sensex ends 6-day rally, sheds 694 pts; Nifty at 24,870; ITC, banks weigh

Stock Market Highlights on Friday, August 22, 2025: The BSE Sensex and Nifty ended the 6-day winning run on profit-taking in FMCG, bank and metal shares. Broader indices, however, saw limited losses.

Crypto markets hold breath as investors await Powell's Jackson Hole speech

While bulls are attempting to trigger a recovery, analysts believe that bearish sentiment still dominates the broader crypto market