News

Treasury Secretary Bessent tiptoes around Trump's plans for new Fed chair
Treasury Secretary Scott Bessent says he "will go where the president thinks" he's "best suited" to serve, as calls grow for ...
Bessent on becoming Fed chair: ‘I will do what the president wants’
Treasury Secretary Scott Bessent said Monday he’d be open to replacing Federal Reserve Chair Jerome Powell as President Trump ...
American Banker5h
The Fed can ignore Trump — but markets are listening
The president and his allies have stepped up their verbal attacks on the Federal Reserve and its chairman in recent weeks, ...
Will The Next Fed Chair Lurk In The 'Shadows'?
That brings us to the next point. Powell’s term as Fed chair expires in May 2026, so the president will only have to contend ...
Federal Reserve chair sends strong message on July interest rate cut
Federal Reserve Chair Jerome Powell on July 1 told a global audience of world bankers, economists, and academics what could ...
Fed Chair Jerome Powell accused of lying to Congress over $2.5B ‘Palace of Versailles’ HQ revamp
There’s no VIP dining room, there’s no new marble. There are no special elevators,” Powell insisted under questioning from ...
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Philly’s Federal Reserve is getting a new leader for the first time in a decade
Anna Paulson will become president of the Federal Reserve Bank of Philadelphia on July 1. She replaces Pat Harker.
Big banks all pass the Federal Reserve’s stress tests, but the tests were less vigorous this year
The Federal Reserve said all major banks passed this year’s stress tests, showing they can withstand a hypothetical severe ...