Page 5 - Jerome Powell

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

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