Amara Omeokwe Federal Reserve officials left interest rates unchanged and pointed to improvements in the US economy as they signaled a more cautious approach to potential future adjustments. The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75%. Governors Christopher…
President Donald Trump was riding high early this month after the U.S. military pulled off a stunning raid that captured dictator Nicolas Maduro. But just three weeks later, he has run into significant resistance on multiple fronts, challenging his economic, foreign relations, and immigration policies. The second deadly shooting in Minnesota at the hands of…
President Donald Trump has spent his second term bulldozing elected and appointed officials who resist him or refuse to bend to his demands. But he may have met his match in Federal Reserve Chair Jerome Powell. As the Trump administration ramps up its pressure campaign against the central bank — now including Justice Department subpoenas and the threat of…
As questions swirl over who will replace Fed Chair Jerome Powell when his term ends in May, Jamie Dimon is taking his name off the list of potential candidates. “Chairman of the Fed, I’d put in the absolutely, positively no chance, no way, no how, for any reason,” the JPMorgan CEO said when asked at…
This statement, which the central bank posted on its website, amounted to an unprecedented repudiation of a President by a sitting Fed chair. It caused a political eruption—and not just among Democrats. For once, some elected Republicans spoke up. Remarking that the subpoenas had thrown into doubt the “independence and credibility of the Department of…
WASHINGTON — White House officials were caught by surprise when a post appeared Sunday night on the Federal Reserve’s official social media channel, with Jerome Powell, its chairman, delivering a plain and clear message. President Trump was not only weaponizing the Justice Department to intimidate him, Powell said to the camera, standing before an American flag. This…
Is Powell’s Fed head independence dead? It’s just one more diversionary Trump trick | Fortune Jeffrey Sonnenfeld is Lester Crown Professor of Leadership Practice at the Yale School of Management and founder of the Yale Chief Executive Leadership Institute. A leadership and governance scholar, he created the world’s first school for incumbent CEOs and he has advised…
U.S. equity futures fell sharply Sunday night after Federal Reserve Chair Jerome Powell confirmed that he is under investigation related to testimony he gave last June concerning the renovation of Federal Reserve buildings. The New York Times report breaking news of the investigation and Powell’s subsequent disclosure rattled markets, reviving fears that years of President…
Without hiring from the health care and social assistance industries, the U.S. economy lost jobs in 2025—an uncomfortable reality hidden beneath modest payroll gains and an improved unemployment rate. Nonfarm payrolls rose by 50,000 in December, while the unemployment rate edged down to 4.4%, the U.S. Bureau of Labor Statistics reported Friday. But the December…