President Donald Trump on Tuesday said Chairman Jerome Powell to resign immediately, and renewed his calls for the central ...

Tensions between Fed Chair Jerome Powell and Trump have intensified over the central bank’s interest rate decisions and ...

Trump Questioned What Happened To The '90 Deals In 90 Days' He Touted This Is How Long To Bake Ribs In The Oven For That ...

Jerome Powell’s cautious rate policy sparks fierce criticism and succession talks, putting his Fed Chair tenure under ...

President Trump again said Jerome Powell should resign immediately, repeating a call he made last week, and noted that 'it’s ...

The president has demanded Powell and the Fed lower a key interest rate from 4.25% to 4.5% to as low as 2.25% to juice the economy and reduce interest payments for the $36 trillion federal debt.

Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after.

Powell enjoys more bipartisan support, although his stewardship of the Fed will be tested by inflation, which reached a 40-year high of 8.5% in March before declining slightly to 8.3% in April.

The Fed hopes to accomplish that, Powell said, while keeping the job market strong. But that doesn’t mean the unemployment rate would necessarily stay at 3.6%, where it is now, he said.

Trump, who has repeatedly slammed Powell over his unwillingness to slash interest rates, added that his nemesis “should ...

Powell said the Fed wants to “deliver a good economy for the benefit of the American people, and that’s it.” “Anything else is kind of a distraction,” Powell added.