The process to choose the next head of the Federal Reserve is getting under way, Treasury Secretary Scott Bessent said, suggesting that when current Chair Jerome Powell is replaced, he should also ...

Powell has repeatedly declined to answer questions on whether he might stay on as a governor. That reticence has complicated ...

The president slapped 30% tariffs on two of America’s biggest trading partners and went on TV to fume about the head of the Federal Reserve.

US Treasury Secretary Scott Bessent said a "formal process" to identify a potential successor to Federal Reserve Chairman Jerome Powell is already starting. Bessent added, "I think it'd be very ...

Read more about US Treasury Secretary Bessent says ‘formal process’ for Powell successor has started, Bloomberg News reports on Devdiscourse ...

Treasury Secretary Scott Bessent said Tuesday that President Donald Trump has no plan to fire Federal Reserve Chair Jerome Powell. "As President Trump said, he's not looking to fire chair Powell," ...

JPMorgan Chase CEO Jamie Dimon said on Tuesday the independence of the Federal Reserve is "absolutely critical".

President Trump's war on Federal Reserve chair Jerome Powell is taking on a more aggressive form, bringing Trump a step ...

The Federal Reserve’s political independence — the sense that the world’s most powerful central bank makes decisions based on ...

Inflation likely accelerated in June as sweeping tariffs on nearly all imports may have pushed up prices for electronics, ...

Indeed, the only guaranteed path for Mr. Trump to get lower interest rates is slower inflation or a weaker job market. Right ...

Federal Reserve Chair Jerome Powell has asked an inspector general to review the cost of the central bank's building ...