Page 4 - Jerome Powell

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

Won't remove Fed Chair Powell before term ends in 2026: US President Trump

Asked if he would remove Powell before his term as chair ends in 2026, Trump issued his most definitive denial

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

'I know more than he does': Trump slams Fed chair Powell at 100-day rally

At his 100-day rally, US President Donald Trump reignites feud with Federal Reserve Chairman Jerome Powell, and defends tariffs as tools to revive US manufacturing

Jerome Powell draws applause on independence at closed-door IMF meeting

Powell delivered an impassioned defense of central bank independence when he addressed policymakers and finance ministers during a meeting on Friday

US markets bounce after Trump says he won't try to fire Fed Chair Powell

US markets are poised to open with big gains, a clear sign of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve. Futures for the Dow Jones Industrial Average jumped 1.9% before the bell Wednesday, while S&P 500 futures rose 2.6%. Nasdaq futures climbed a full 3%. Trump, upset that the Federal Reserve was not cutting interest rates immediately, said that he could fire Fed Chair Jerome Powell. But Trump told reporters Tuesday, I have no intention of firing him. Trump wants Powell and the Fed to resume cutting its benchmark borrowing rate to help boost the economy. Powell and other Fed official have said they plan to remain cautious with interest rates amid the economic uncertainty caused by Trump's tariffs and inflation that remains above the Fed's 2% target. Most legal scholars agree that Trump can't fire Powell from the Fed's board of governors, and there is no legal precedent for doing so. However, there is less agreement over ..

Indian Rupee ends weaker at 85.42/$ as dollar index stages recovery

The domestic currency ended 23 paise weaker at 85.42 after closing at 85.19 against the greenback on Tuesday