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Keywords: Jerome Powell


Fed governor and possible Powell successor calls for rate cut

Christopher Waller, one of the governors of the US Federal Reserve, urged the central bank on Thursday to lower its benchmark interest rate at the next monetary policy meeting scheduled for September 16–17. Speaking in Miami, Waller expressed regret that no rate cut was made in July but stressed......

Bessent: No reason for fed chair powell to resign amid political pressure

U.S. Treasury Secretary Scott Bessent said Tuesday that there is currently no reason for Federal Reserve Chairman Jerome Powell to resign, despite growing political pressure and criticism from President Donald Trump. “There is nothing at this time that suggests he should step down,” Bessent......

Trump celebrates first 100 days with defiant rally in Michigan

President Donald Trump commemorated his first 100 days in office with a spirited rally in Michigan, using the event to highlight his administration’s policies and defend his record amid low approval ratings and declining consumer confidence. Billed by the White House as an “achievement speech,”......

Trump Softens Stance on Fed Chair Powell amid Market Rally

President Donald Trump has stepped back from his previous threats to remove Jerome Powell as Chair of the Federal Reserve. His earlier criticism of Powell, particularly regarding interest rate decisions, had caused significant turbulence in financial markets. However, Trump clarified to reporters at......

Trump claims progress in Japan trade talks amid market volatility

President Donald Trump has declared "significant progress" in trade negotiations with Japan, stepping in unexpectedly during a session between U.S. and Japanese officials in Washington, DC. Despite ongoing uncertainty fueled by his administration’s aggressive tariff policies, Trump emphasized......

A Cautious Approach Federal Reserve's Slow Path to Rate Cuts

The Federal Reserve is poised to announce a quarter-point reduction in its benchmark interest rate, lowering it from approximately 4.6% to around 4.3%. While this marks a continuation of recent cuts, the pace of rate reductions is expected to slow in 2025, signaling a shift in the central bank's......

Navigating the Road to 2% Inflation: A Prolonged Journey Ahead for the US Federal Reserve

In a candid assessment, Jerome Powell, the Chair of the United States Federal Reserve, revealed that achieving confidence in slowing inflation towards the 2% target will take "longer than expected". During a round table discussion in Washington with his Canadian counterpart, Powell acknowledged......

U.S. Treasury Bond Yields Rise After Strong Jobs Report

U.S. Treasury bond yields rose on Friday after March employment data exceeded expectations. The yield on 10-year Treasury bonds increased by 7 basis points to 4.378%, while that of 2-year bonds rose to 4.715%. The U.S. economy added 303,000 nonfarm jobs last March, well above expectations, according......