Page 5 - Jerome Powell
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
 "Won't remove Fed Chair Powell before term ends in 2026: US President Trump")
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
 "Fed's Powell set to defy Trump pressure, likely to hold rates steady")
'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
 "'I know more than he does': Trump slams Fed chair Powell at 100-day rally")
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
 "Jerome Powell draws applause on independence at closed-door IMF meeting")
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 ..
 "US markets bounce after Trump says he won't try to fire Fed Chair Powell")
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 ends weaker at 85.42/$ as dollar index stages recovery")
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
 "Indian Rupee trades weak as dollar gains weigh; opens lower at 85.27/$")
'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
 "'No intention' of firing Federal Reserve Chair Jerome Powell, says Trump")
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
 "IMF economist backs central bank independence after Trump's remarks")
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, advisers to study whether to fire Fed's Powell: WH economic adviser")
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
 "Chief Justice lets Trump fire 2 officials; Fed Chair Powell's job at risk?")
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
 "Private sector forecasters see greater recession risk: Fed's Jerome Powell")
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
 "Larger tariffs may fuel inflation, dampen growth: Fed's Jerome Powell")
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
 "Trump asks Fed to cut rates as officials weigh economic impact of tariffs")
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
 "IT stocks under pressure: Nifty IT slips 2% ahead of Fed's policy decision")
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
 "US Fed meeting this week has investors anxiously awaiting Powell's remarks")
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
 "Fed guided by economic goals and law, not politics: Jerome Powell")