Jerome Powell

The market is pricing in a quarter-point cut as the debate intensifies over Jerome Powell’s successor at an institution that is more divided than ever

Kevin Hassett, the US president’s chief economic adviser, is the most likely candidate. Fund managers fear political interference at the Fed

The tariffs are slowing down economic activity, but causing less damage to inflation and employment than anticipated. The stock market is at record highs, and consumer spending and wages are rising

The estimated cost of the closure could be as much as $14 billion, according to the Congressional Budget Office

The central bank is more concerned about the weakening labor market than the rise in inflation

The most intensely affected sectors are hospitality, agriculture, construction and manufacturing, notes the Beige Book

In the most politically charged meeting in memory, Powell approved the first rate cut since December, with the central bank signaling that further reductions are likely

Figures provided by the Fed, Bureau of Labor Statistics and business organizations attest to the negative impact on the sector

The precious metal has outperformed stocks and cryptocurrencies so far this year, hitting record highs. In times of uncertainty, its allure draws both major investors and small savers

The case will likely end up before the US Supreme Court

The US president has triggered an avalanche of court rulings against his attempts to expand his own power

A slowdown in the labor market, including a jobless rate of 4.3%, the highest since 2021, underpins expectations of a Federal Reserve interest rate cut

Stephen Miran, Trump’s nominee for the Federal Reserve Board, told the Senate today that he would act independently, despite sharp criticism from Democrats

Fear of inflation is keeping the 10-year yield elevated despite Powell’s possible cuts. Not since the financial crash has the US lowered rates while prices were rising

The embattled official claims the US president lacks the authority to remove her from office

Inflation, financial bubbles and fiscal imbalances are the possible consequences of a politically motivated rate cut

Military deployments in cities, a heavy-handed approach to immigration and allusions to dictators exacerbate the US president’s interventionist attitude

Economist Lisa Cook, accused of lying on a mortgage application, refuses to step down and argues that the White House has no legal grounds to fire her

With his replacement, and that of the Fed governor whose resignation paves the way for Powell’s succession, the US president could consolidate his economic agenda for the remainder of his term

The Republican president’s fixation on getting rid of Jerome Powell early and drastically lowering interest rates is putting the US economy at risk

Economists viewed this data as the first clear sign that Washington’s trade war is starting to affect consumer prices

The US central bank extends the pause as the Republican calls its chair, Jerome Powell, ‘stupid’

Consumer prices increased 2.4% in May compared with a year earlier. The data point is better than expected, but does not suggest immediate interest rate cuts

Employment data was better than anticipated, and the central bank is expected to hold off on making a move despite the tariff storm