Page 5 - Jerome Powell

Indian Rupee trades weak as dollar gains weigh; opens lower at 85.27/$

The currency has appreciated by 0.22 per cent in April and is on track to log gains for the second straight month

'No intention' of firing Federal Reserve Chair Jerome Powell, says Trump

President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the US central bank caused a stock market selloff. I have no intention of firing him, Trump told reporters. The US president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been frustrated by the Fed putting a pause on cuts to short-term interest rates. Powell has said that Trump's tariffs are creating uncertainty about slower growth and higher inflationary pressures, while the president maintains that inflationary worries are essentially non-existent. The president maintains that energy and grocery prices are falling, so the Fed should cut its benchmark rates because inflation is no longer a threat to the US economy, Trump said. His remarks indicated that he still plans to use the bully pulpit to pressure a US central bank that is committed to resisting political press

IMF economist backs central bank independence after Trump's remarks

Pierre-Olivier Gourinchas said central banks faced a delicate moment in managing inflation, especially in countries like the United States

Trump, advisers to study whether to fire Fed's Powell: WH economic adviser

Hassett went on to suggest that the Fed under Powell, who was appointed by Trump during his first term, had acted politically to benefit Democrats

Trump escalates threat to fire US Fed Chair Jerome Powell: Here's why

Donald Trump has long pressured the Fed Chair to cut interest rates, especially after the administration imposed global tariffs on trade partners

Trump says Fed chair Powell's termination can't 'come fast enough!

Trump, in a post on his social media platform Truth Social, reiterated his stance on rate cuts, saying that Powell should have lowered interest rates

US stocks tumble as Jerome Powell flags risks from Trump's tariff policies

Fed Chair Jerome Powell warns Trump's tariffs could fuel inflation and slow growth, adding uncertainty to markets as Wall Street reels from sharp declines in major indexes

Chief Justice lets Trump fire 2 officials; Fed Chair Powell's job at risk?

US Chief Justice John Roberts allows Trump to remove two agency heads as the Supreme Court takes up a case that could ultimately affect the job security of Fed Chair Jerome Powell

Private sector forecasters see greater recession risk: Fed's Jerome Powell

Powell further said that he is not going to leave the chairmanship of the central bank before his term comes to an end. "I fully intend to serve all of my term," he said

Larger tariffs may fuel inflation, dampen growth: Fed's Jerome Powell

Powell said it was not the Fed's role to comment on the Trump administration's policies but rather to react to how they might affect an economy that he and his colleagues made comment about

Trump asks Fed to cut rates as officials weigh economic impact of tariffs

Fed's Powell downplayed simmering concerns about a slowdown but acknowledged tariff uncertainty was a factor and already contributing to goods inflation

IT stocks under pressure: Nifty IT slips 2% ahead of Fed's policy decision

Among the 10 constituents on the index, around 10:07 AM, 9 declined with LTIMindtree, Tata Consultancy Services (TCS), Infosys, Coforge, HCLTech down nearly 2 per cent

US Fed meeting this week has investors anxiously awaiting Powell's remarks

Even as the Federal Reserve chair has touted US resilience, uneasiness sparked by President Donald Trump's rapidly escalating trade war has sent stocks tumbling over the past month

Fed guided by economic goals and law, not politics: Jerome Powell

Trump, who frequently criticized Powell and the Fed during his first term, again is testing those limits, saying last week that he'll "demand" immediate interest-rate cuts

Gold rises Rs 10 to Rs 82,860, silver falls Rs 100 to Rs 96,400 per kg

The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 75,960

I know interest rates better than Fed chief Jerome Powell, says Trump

Trump's comments came hours after he delivered a video address to the world's elite at the World Economic Forum in Davos, Switzerland, where he called for an immediate drop in interest rates

Will Trump fire the Fed chief? Speculation grows over Powell's future

Mr Trump's antagonism towards Mr Powell is baffling, given that Mr Powell has been doing an excellent job

Dow Jones, Sensex sink on US Fed rate cut news; check key takeaways

Dow Jones: The Dow Jones Industrial Average slid 1,123.03 points, or 2.58 per cent, to 42,326.87 on Wednesday - declining for a 10th day and clocking its longest losing streak since 1974

Trump, not yet in office, already a figure in global economic policy

The Fed cut rates as expected on Wednesday amid a busy year-end run of central bank meetings from Ottawa and Frankfurt to Tokyo and London

US Fed set to cut key rate but consumers might not benefit anytime soon

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The Fed is set to announce a quarter-point cut to its benchmark rate, from about 4.6% to roughly 4.3%. The latest move would follow a larger-than-usual half-point rate cut in September and a quarter-point reduction in November. Wednesday's meeting, though, could mark a shift to a new phase in the Fed's policies: Instead of a rate cut at each meeting, the Fed is more likely to cut at every other meeting at most. The central bank's policymakers may signal that they expect to reduce their key rate just two or three times in 2025, rather than the four rate cuts they had envisioned three months ago. So far, the Fed has explained its moves by describing them as a recalibration of the ultra-high rates that were ...