Page 4 - Jerome Powell

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

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