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Donald Trump, Fed and Powell

Republican senators caution Trump against firing Fed chair Jerome Powell

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear the repercussions if President Donald Trump follows through with threats to try and remove the politically independent central banker.

The Boston Globe · 15h

Trump has wanted to fire Federal Reserve Chair Jerome Powell. A costly Fed renovation project could provide the reason.

The White House is looking for any possible way to discredit Jerome Powell right now," said Stephen Moore, an informal Trump economic adviser.

The New York Times · 3h

Trump Wants Lower Rates. Firing Powell Could Push Them Higher.

Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.

Powell, Fed and Bessent

Reuters · 2d

US Treasury Secretary Bessent says ‘formal process’ for Powell successor has started, Bloomberg News reports

U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a "formal process" is already starting to identify a potential successor to Federal Reserve Chairman Jerome Powell.

The Baltimore Sun · 23h

Treasury secretary says work has begun on finding Fed Chair Powell’s successor

Treasury Secretary Scott Bessent said about finding a successor to Fed Chair Jerome Powell, whose term ends in May 2026: “There’s a formal process that’s already starting. There are a lot of great

Forbes on MSN · 2d

Bessent Says ‘Formal Process’ Underway To Find Fed Chair Powell’s Successor, Report Says

T reasury Secretary Scott Bessent told Bloomberg on Tuesday a “formal process” has been launched to find Federal Reserve Chair Jerome Powell’s successor, following months of pressure from President Donald Trump to have Powell step down from his role at the agency.

40m

Here's how markets would react if Trump actually does fire Powell: Deutsche Bank

For about an hour on Wednesday, it seemed as though President Donald Trump would try to fire Federal Reserve Chairman Jerome ...

1hon MSN

Morning Bid: Markets calm down after Powell poser

LONDON, July 17 (Reuters) - Wednesday's market drama on reports of an imminent ouster of Federal Reserve Chair Jerome Powell ...

13h

Can Trump Fire Powell? He Likely Lacks a Case, Legal Experts Say.

The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of ...

11hon MSN

The Fed Building Renovation at the Heart of Trump’s Efforts to Oust Powell

The yearslong project to spruce up central bank buildings in Washington, D.C., received little attention until recently ...

Jerome Powell asks for probe into Federal Reserve’s $2.5B HQ renovation

The Trump administration has used the pricey project as a means to attack Federal Reserve chair Jerome Powell.

Long-term Treasury ETFs pare losses after Trump denies he is likely to fire Powell soon

Exchange-traded funds that provide exposure to long-term Treasurys dropped Wednesday after media reports that President Donald Trump was likely to fire Federal Reserve Chair Jerome Powell. But the ETF ...

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