Trump taps Fed critic Kevin Warsh to succeed Jerome Powell
Digest more
Powell, Fed
Digest more
Fed Chair Jerome Powell offered some advice to his successor at Wednesday’s Fed meeting. “Stay out of elected politics. Don’t get pulled into elected politics,” he warned. In fact, Powell and Fed officials overall have long avoided politics,
By Michael S. Derby Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell stuck mostly to form on Wednesday, deflecting questions from the press about both his future at the central bank and a criminal probe launched by the Trump administration,
The Federal Reserve is expected to keep its key interest rate at the target range of 3.5% to 3.75%, but traders are looking for hints on next steps for policy.
The Fed and chair Jerome Powell are likely to hold interest rates steady as he faces a criminal investigation launched by President Donald Trump's close ally.
Gold is up 84% year-over-year and silver by a stunning 245%, but the Fed chair is looking elsewhere.
The Federal Reserve is nearing an interest rate decision at its January meeting. Jerome Powell is under growing pressure amid a DOJ investigation.
Federal Reserve Chair Jerome Powell on Wednesday offered his first explanation into his decision to attend Fed Governor Lisa Cook's Supreme Court hearing.