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Federal Reserve Chair Jerome Powell’s wild ride with President Trump took a few turns down Crazy Street a while ago, of course – but that doesn’t mean the stomach-churning trip is over. While Wall Street grapples with the president’s threats to fire the central bank’s boss, the rumor mill surrounding his possible successor has yielded a […]
A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington, DC. Bill Pulte, the chair of US government-backed mortgage lenders Fannie Mae and Freddie Mac, […]
The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall, Treasury Secretary Scott Bessent told CNBC on Thursday, adding that officials had “a lot of good candidates.” Bessent said it was up to the Fed to decide interest rates, although he added that if the central bank did not cut interest […]
