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White House letter sparks speculation over Federal Reserve Chair Jerome Powell’s future
A recent letter from the White House is raising eyebrows in Washington — with some analysts speculating it may be part of a broader push to remove Federal Reserve Chair Jerome Powell. The letter, issued by the White House Office of Management and Budget (OMB),
Fed Chair Jerome Powell has sketched out new conditions that could trigger rate cuts by summer’s end, but inflation remains a ...
The Fed chief has repeatedly declined to say whether he will step down when his four-year term as chair expires in May, or remain on the Fed board — something he could technically do until his ...
President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt.
Average CD rates have been declining month-over-month during 2025, according to Federal Reserve data — and yet there are ...
Trump is reportedly considering announcing a new Fed Chair long before Powell's term ends in 2026. Markets were quick to digest the news, with Treasury yields and the dollar falling.
The U.S. dollar sank to three-year low following reports that Trump plans to announce Powell's Fed chair successor early, with Kevin Warsh and Kevin Hassett among leading contenders.
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