Trump taps Fed critic Kevin Warsh to succeed Jerome Powell
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Jerome Powell’s remarkable advice to his successor speaks volumes about his battle with Trump
Federal Reserve Chair Jerome Powell refused to answer three straight questions about politics during his press conference Wednesday. That’s typical for the just-the-facts persona he’s constructed for himself over the years.
In his final months as Fed chair, Jerome Powell reflects on power, politics, Congress and what it really takes to lead the central bank.
How many more Fed meetings will Powell chair? This week's policy meeting is Jerome Powell's third-to-last as Federal Reserve chair. His term ends on May 15. How long has Powell been at the Fed? Powell has been on the Fed board since 2012 and has served as its chair since February 2018.
The Federal Reserve held interest rates steady in January. Fed Chair Jerome Powell has faced pressure from Trump to cut rates, and from a DOJ probe.
Gold is up 84% year over year, and silver by a stunning 245%, but the Fed chair is looking elsewhere.
Federal Reserve Chair Jerome Powell painted an upbeat picture of the economy at his latest press conference, suggesting the Fed could take its time in cutting interest rates.