Page 4 - Jerome Powell

Trump says Powell should 'resign immediately if Congress misled'

Trump reiterated his criticism of the Fed chair in a Cabinet meeting Tuesday, calling Powell "terrible," and telling reporters that deceiving Congress would be grounds for a swift exit

Stock Market close highlights: Sensex sheds 288 pts, Nifty at 25,453; realty, financials drag

Sensex Today | Stock Market close, Wednesday, July 2, 2025: In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices settled down by 0.14 per cent and 0.41 per cent, respectively

World economy faces 'pivotal moment': Bank for International Settlements

The post-Covid spike in inflation seems to have had a lasting impact on the public's perception about price moves too, a study in the report showed

Trump slams Powell, says he'll pick a Fed chair who wants to cut rates

Trump has unleashed a pressure campaign on the central bank to cut rates, repeatedly assailing Powell and arguing the Fed's policies are keeping government borrowing costs too high

Stock market highlights: Bulls roar at D-Street; Sensex jumps 1,000 pts; Nifty at 25,549; banks gain

Stock market highlights on Thursday, June 26, 2025: Bank Nifty jumped 1.13 per cent to scale an intra-day high of 57,263.45, before ending at 57,206.70, up 1.03 per cent

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

Asian stocks dip, dollar weakens as Trump escalates attack on Powell

Markets have been soothed by a ceasefire between Israel and Iran that appeared to be holding, reducing the risks of disruptions to the global oil trade and underpinning sentiment

We can wait and see course of economy before going for rate cut: Powell

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said on Tuesday, a stance directly at odds with President Donald Trump's calls for immediate cuts. For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance, Powell said in prepared remarks he will deliver early Tuesday before the House Financial Services Committee. Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs. Powell has often received a positive reception before House and Senate committees that oversee the Fed, or at least muted criticism. Powell has also often cited his support in Congress as a bulwark against Trump's attacks, but that support could wane under the president's ongoing assaults. Trump lashed out again in the early hours of

Rate cuts can wait as Fed monitors inflation from tariffs, says Powell

In his prepared testimony Powell said the economy remains in a "solid position," with low unemployment and inflation far below its pandemic-era peak

Fed must prepare to act swiftly if economic data starts going sideways

Given all of the uncertainty, Powell is right to stay in wait-and-see mode, but he can't linger there too long once the data breaks

Waller sees room for Fed to cut rates amid easing inflation concerns

Waller said economic data show GDP growth and inflation are running close to the central bank's targets

IT, PSU banks drag markets amid unclear Fed stance, Israel-Iran tensions

The Nifty IT index fell over 1 per cent, dragged by OFSS, LTIMindtree, Coforge, Tech Mahindra, Persistent and Mphasis falling up to 3.2 per cent

Trump calls Jerome Powell 'real dummy', 'worst' as Fed holds rates steady

US President Donald Trump lashed out at Federal Reserve Chair Jerome Powell after the Fed opted to leave short-term rates unchanged in its June meet

'Someone has to pay': Fed chair warns on tariffs as inflation risks grow

Despite holding rates, Fed eyes inflation risks from tariffs; Jerome Powell says price hikes likely as retailers pass costs to consumers over summer

US Fed keeps rates steady for 4th straight meeting, remains open for cuts

US Federal Reserve decided on Wednesday to keep interest rates unchanged, while indicating that reductions could still be on the table in the second half of the year

Jerome Powell too slow to lower borrowing costs: Trump on US Fed rate cut

The Fed last September did reduce rates by a half of a percentage point, after a faster-than-expected decline in inflation and a marked slowdown in the labor market

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

Trump blasts Fed chair Powell, calls him 'fool' for not cutting rates

Trump named Powell as the Fed chair in 2018, during his first term in the White House, and Democratic President Joe Biden appointed Powell to a second four-year term in 2022

Fed won't be rushed, outlook depends on White House, says Jerome Powell

The rate-setting panel voted unanimously to keep the benchmark federal funds rate in a range of 4.25 per cent to 4.5 per cent, where it's been since December

US Fed holds rates steady, cites risk of higher inflation, unemployment

The Fed's policy rate has been unchanged since December as officials struggle to estimate the impact of President Donald Trump's import tariffs