Page 3 - Jerome Powell

Asian shares choppy, dollar steady as traders await Powell speech

Financial markets are looking out for Powell to provide clues about the likelihood of a September rate cut

Powell faces high-stakes gamble on US economy in final Jackson Hole speech

Powell's high-stakes balancing act will be on full display on Friday when he makes his final address as Fed chair to the world's leading economic policymakers

Dollar extends losses as Fed rate cut hopes and political pressure grow

The dollar index, measuring the currency against a basket of peers, fell 0.2 per cent to 97.81, its lowest since July 28, extending its 0.5 per cent drop on Tuesday

Trump says he may allow lawsuit against Fed chief Powell over renovations

Trump in a social media post on Tuesday resumed his criticism of the Fed chair over the central bank's decision to hold interest rates steady and again hammered Powell over the renovation work

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

Fed Governor Adriana Kugler to resign, opening spot for a Trump pick

Trump and his allies have applied intense pressure on the Fed and Chair Jerome Powell to lower interest rates, which policymakers have declined to do so far this year

Trump urges Fed board to wrest control from Powell over rate cut row

Posting on his Truth Social platform, Trump called Powell "stubborn." The Fed chair has been subjected to vicious verbal attacks by the Republican president over several months

Federal Reserve leaves interest rates unchanged even as Trump demands cuts

The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed's decision Wednesday leaves its key short-term rate at about 4.3 per cent, where it has stood after the central bank reduced it three times last year. Chair Jerome Powell has said the Fed would likely have cut rates already if not for Trump's sweeping tariffs. Powell and other Fed officials say they want to see how Trump's duties on imports will impact inflation and the broader economy. So far the duties have lifted costs of some goods, such as appliances, furniture, and toys, and overall inflation has risen a bit, though less than many economists had expected. There were some signs of splits in the Fed's ranks: Governors Christopher Waller and Michelle Bowman voted to reduce borrowing costs, while 9 officials, including Powell, favoured standing pat. It is the first time in more than three decades that two of t

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

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 says no need to fire Powell, downplays clash after Fed tour

The president's visit was a rare spectacle, with Trump being the first president to visit the Federal Reserve in nearly two decades

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 .

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 slams another WSJ report, denies being warned against firing Powell

In a post on Truth Social on Sunday, Trump called the story 'typically untruthful' and said no one had to explain to him what impact firing Powell would have on financial markets

Rupee closes above 86 mark; Trump-Powell tensions weigh on Asian currencies

Indian Rupee today: The domestic currency closed 14 paise lower at 86.08 against the dollar on Thursday, according to Bloomberg

Stock Market close: Sensex falls 375 pts, Nifty at 25,111; IT, banks drag; realty outperforms

Sensex Today | Stock Market close, Thursday, July 17, 2025: In the broader markets, the Nifty MidCap index fell 0.27 per cent, and the Nifty SmallCap index was down by 0.18 per cent

Asian shares rise after Trump says he discussed firing Fed Chair Powell

Asian shares were mostly higher Thursday while US futures slipped after President Donald Trump rocked Wall Street by saying he had talked about the concept of firing the head of the Federal Reserve, but was unlikely to do so. Removing Fed Chair Jerome Powell might help Wall Street get the lower interest rates investors love but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control. Tokyo's Nikkei 225 index gained 0.6% to 39,901.19 after the government reported a trade deficit for the first half of the year as Japan's exports to the United States took a hit from Trump's tariffs. Chinese markets also gained. The Hang Seng in Hong Kong edged 0.1% higher to 24,549.87, while the Shanghai Composite index gained 0.3% to 3,516.31. Australia's S&P/ASX 200 advanced 0.9% to 8,639.00. In South Korea, the Kospi climbed 0.2% to 3,192.29. India's Sensex lost 0.1% while the SET in Bangkok jumped 2.9% on strong gains for market heavyweights like

Not planning to fire Federal Reserve Chair Jerome Powell, says Trump

Trump is open to the idea of firing Powell, a source told Reuters on Wednesday before Trump said he wouldn't, even as he unleashed a new barrage of criticism against the Fed chair

Trump may use Fed's $2.5 bn renovation project to oust Jerome Powell

President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the US central bank's USD 2.5 billion renovation project. The push comes after a months-long campaign by Trump to try to rid himself of the politically independent central banker, who has resisted the president's calls to slash interest rates out of concerns about the administration's tariffs sparking higher levels of inflation. The president indicated Tuesday that Powell's handling of an extensive renovation project on two Fed buildings in Washington could be grounds to take the unprecedented and possibly legally dubious step of firing him. I think it sort of is, Trump said. When you spend USD 2.5 billion on, really, a renovation, I think it's really disgraceful, Trump said, adding that he never saw the Fed chair as someone who needed a palace. The project has been underway for years, going back to Trump's first term. But it only .

Formal process to replace Fed Chair Powell underway: US Treasury Secy

US Treasury Secretary Scott Bessent says a formal process to find Jerome Powell's successor as Fed Chair has begun and suggests Powell should step down entirely after his term ends in May 2026