Next Fed Chair

Federal Reserve expected to hold rates at Powell's likely last meeting

Wednesday will likely be a momentous day for the future of the Federal Reserve as Chair Jerome Powell could signal he will stay with the Fed even as a Senate panel is expected to confirm his replacement. Powell will preside over what will probably be his last meeting as chair and hold a news conference Wednesday afternoon, when he may say whether he will take the unusual step of remaining on the central bank's board of governors, even after his term as chair ends May 15. Separately, the Senate Banking Committee is scheduled to vote on the nomination of Kevin Warsh to succeed Powell. The nomination is expected to be approved on a party-line vote, and will then be taken up by the full Senate next month. President Donald Trump nominated Warsh, a former top Fed official, in January. Last year, Warsh echoed Trump's calls for the Fed to lower its key interest rate, leading many Democrats in Congress to question how independently he will operate as Fed chair. The Fed is widely expected to

Gold, silver surges after sharp selloff, up over 2% from one-month lows

Gold rose nearly 13 per cent in January in its biggest monthly gain since November 2009, while silver jumped 19 per cent

Why Trump's new pick for US Fed chair hit gold and silver markets

After months of record highs and stretched valuations, spot prices for gold and silver dropped 9 per cent and 28 per cent respectively after the announcement

Trump names former Fed Guv Kevin Warsh to replace Powell as Fed chair

Trump's nomination, however, needs approval from the US Senate, following which 55-year-old Warsh could return to the central bank's top post

Trump says Federal Reserve chair interviews done, has pick in mind

Trump's shortlist includes National Economic Council Director Kevin Hassett, BlackRock executive Rick Rieder, current Fed Governor Christopher Waller and a former governor, Kevin Warsh

Trump might still fire Jerome Powell as decision to pick Fed chair nears

Trump did not specify who is his leading chair candidate and said an announcement would be made in "January sometime"

Next Fed chair will believe in lower interest rates 'by a lot', says Trump

Trump made the comments during a national address touting his economic and national security accomplishments in the first year of his second term in office

Trump names Hassett, Warsh as top contenders for Federal Reserve chair

Trump previously signalled that he already made up his mind, saying Monday he had a "a pretty good idea" of who to nominate

Donald Trump says he will announce new Fed chair 'early next year'

The president on Sunday told reporters he knew who he would nominate, without offering further details

Trump administration expands search for Fed chair, adds new names to list

The team chosen by Trump has been reviewing several contenders, including a former Fed president and a longtime economic consultant

Trump considers Kevin Warsh for Treasury Secretary, later Fed chairman

Potential arrangement was discussed between Trump and Warsh, a former investment banker who served on the Federal Reserve Board, at Trump's Mar-a-Lago retreat

Fintechs shadow banks of current time, are fragile: Douglas W Diamond

Professor at the University of Chicago's Booth School of Business, Diamond received the prize along with Philip Dybvig and former Fed chair Ben Bernanke

Powell or Brainard? Joe Biden weighs his pick for US Fed chairman

The White House is cognisant of pressure from both moderates and progressives within the Democratic Party about the choice

Trump may announce Fed chair pick on Thursday

Trump teased the announcement Friday by tweeting out a video promoting the event to his 41 million Twitter followers

Donald Trump leaning towards Powell as next Fed chair

Trump has said he has been considering Powell, as well as Stanford University economist John Taylor, for the post