News

Trump demands 1% interest rate, says he’d ‘love’ for Powell to resign
US President Donald Trump has renewed his attacks on Federal Reserve Chair Jerome Powell, demanding an aggressive cut in interest rates to 1 per cent while declaring he would “love” for Powell to step ...
Trump may name a ‘shadow’ Fed chair, an unprecedented development in American history
President Donald Trump said last week that he will announce his pick to succeed Federal Reserve Chair Jerome Powell “very ...
A look at who could replace Powell as Fed chair
A closer look at the people who may succeed Jerome Powell as the next Federal Reserve chair reveals a list of candidates with both pros and cons.
Trump Encourages Powell to Resign in Latest Attack on the Fed Chair
Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about ...
Big banks survived the Federal Reserve’s yearly ‘stress test,’ but it was less strenuous
All the major banks passed the Federal Reserve’s annual “stress tests” of the financial system, the central bank said Friday, ...
Trump says he won't appoint anyone to Fed who doesn't back rate cuts
U.S. President Donald Trump said on Friday he would not appoint anyone to head the Federal Reserve who would not lower ...
Large Banks Could Easily Weather a Massive Recession, Fed's Annual Stress Test Finds
Key Takeaways The Federal Reserve's annual stress test found that large banks would remain resilient during an extreme recession.The annual stress test is designed to examine whether big banks could ...
Critics say socialist mayoral frontrunner threatens NYC's economic capital
New York City mayoral candidate Zohran Mamdani's socialist platform with a $30 minimum wage and free childcare sparks debate ...
Morgan Stanley sees unlikely chance of Fed rate cut in July or September
Morgan Stanley economists are sticking with their view that the Federal Reserve is not likely to cut interest rates at its next two meetings since most officials are aligned with Chair Jerome Powell's ...
Fed says banks can withstand economic downturn, clears way for dividend hikes
Twenty-two of the largest banks in the U.S. are well-positioned to weather a hypothetical severe economic downturn and ...
The Fed’s moves on interest rates aren’t just about Trump’s pick for chair. Here’s the math.
The Federal Reserve chair is one of 12 voters on the rate-setting committee. To what extent can the chair call the shots?