All articles tagged with #powell
Originally Published 3 hours ago — by CNBC
President Donald Trump publicly called Fed Chair Jerome Powell incompetent or crooked as the DOJ probes the central bank’s leadership, while Jamie Dimon and Republican lawmakers warn that undermining Fed independence could backfire and affect future leadership amid ongoing political scrutiny.
Originally Published 5 hours ago — by The Bulwark
Fed Chair Jerome Powell finally pushes back against the Trump White House, alleging a DOJ probe is pressuring him on interest-rate decisions. A bipartisan defense of Fed independence followed from former Fed chairs and Treasury officials, while Sen. Tillis signaled he’ll oppose any Fed nominees until the legal matter is resolved. The episode coincides with growing public and corporate pushback to Trump’s tactics, including a tech-industry letter urging a break from immigration enforcement, as the midterms approach and Republicans reassess their stance toward the central bank. Powell’s move underscores that standing up to political pressure can reshape the dynamic between the Fed and the White House.
Originally Published 6 hours ago — by Financial Times
Jamie Dimon warned that Trump-era attacks on the Federal Reserve could backfire by raising inflation expectations and pushing rates higher, saying the Fed’s independence is crucial even as he voiced respect for Jay Powell. The comments came as JPMorgan Chase posted a 7% drop in Q4 2025 profits to about $13 billion amid weaker investment banking, though trading revenues rose. Central bankers publicly supported Fed independence amid a DOJ probe into Powell and broader scrutiny of monetary policy.
Originally Published 6 hours ago — by BBC
World central bank chiefs, including the Bank of England, ECB and Bank of Canada, signed a joint statement of full solidarity with Federal Reserve Chair Jerome Powell, praising his integrity and the independence of monetary policy as the Justice Department investigates him over a renovation-related matter. Powell warned that political pressure could undermine the Fed’s ability to set policy, amid a 3.6% target rate after three cuts and inflation around 2.7%. Powell’s term ends in May, with a potential successor to be named amid Republican scrutiny, while former Fed chairs and a broad slate of international signatories voiced support for independence.
Originally Published 20 hours ago — by BBC
The U.S. Department of Justice has opened a criminal investigation into Federal Reserve Chair Jerome Powell over testimony about renovations to Fed buildings, issuing subpoenas and threatening indictment in an unprecedented move. Powell disclosed the probe and linked it to political pressure from Donald Trump, warning that Fed independence is at stake. The case could complicate Powell’s looming replacement and drew mixed reactions from lawmakers, with gold prices jumping while U.S. markets were largely muted.
Originally Published 14 days ago — by TipRanks
Former President Trump is considering suing Sidney Powell for 'gross incompetence' related to her actions or statements, indicating potential legal disputes within the political sphere.
Originally Published 2 months ago — by Axios
The Federal Reserve cut interest rates by 0.25% amid economic uncertainties and divided opinions among policymakers, with signals that another cut in December is not guaranteed, especially as key economic data remains unavailable due to the government shutdown.
Originally Published 2 months ago — by Axios
President Trump is considering five finalists to replace Jerome Powell as Fed chair, with Kevin Hassett currently favored due to his close ties to the White House, but other candidates like Christopher Waller, Kevin Warsh, Rick Rieder, and Michelle Bowman also in the running, each bringing different backgrounds and perspectives to the role.
Originally Published 3 months ago — by Barron's
Federal Reserve Chair Powell indicates ongoing weakness in the job market and emphasizes that there is no risk-free path in economic policy, suggesting cautious approach to interest rate adjustments.
Originally Published 3 months ago — by TheStreet
Crypto markets declined sharply after Federal Reserve Chair Jerome Powell's brief remarks, which did not include any guidance on monetary policy or economic outlook, leading to increased volatility and uncertainty in the crypto sector amid a data blackout and expectations of rate cuts.
Originally Published 3 months ago — by MarketWatch
Federal Reserve Chair Jerome Powell's comments on high stock valuations are supported by several metrics, including the CAPE ratio, Buffett indicator, and price-to-sales ratio, all of which are near or at record highs, suggesting stocks may be fairly valued or overvalued.
Originally Published 3 months ago — by Fortune
Markets declined after Fed Chair Powell warned that equity prices are 'fairly highly valued,' signaling caution about potential overvaluation and future rate hikes, with tech stocks especially affected amid skepticism over Nvidia's AI deal; global markets showed mixed reactions.
Originally Published 3 months ago — by TipRanks
Federal Reserve Chair Jerome Powell stated that stocks are 'fairly highly valued,' indicating concerns about overvaluation in the market.
Originally Published 3 months ago — by CNBC
Federal Reserve Chair Jerome Powell indicated that recent rate cuts were driven by a weakening labor market, which is outweighing inflation concerns, leading to a challenging balancing act for the Fed amid signs of stagflation and economic uncertainty.
Originally Published 3 months ago — by Yahoo Finance
U.S. stocks declined as Federal Reserve Chair Jerome Powell signaled caution on interest rate cuts amid inflation and a weakening job market, leading to a market pullback after recent record highs.