Fed, Powell and Treasury Sec Bessent
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A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.
Trump reportedly considered firing Fed Chair Powell over rate policy and budget issues, raising legal speculation about a potential replacement.
Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
The candidates on President Donald Trump's shortlist to succeed Chairman Jerome Powell is starting to become more apparent.
While San Francisco Federal Reserve Chair Mary Daly confessed to the Financial Times that the U.S. central bank could begin reducing its debt purchases later this year, her counterpart at the ...