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U.S. inflation rose in June as Trump’s tariffs start to bite
Excluding the volatile food and energy categories, core inflation increased 2.9% in June from a year earlier, up from 2.8% in May. On a monthly basis, it picked up 0.2% from May to June. Economists ...
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Scott Bessent Confirms Quest for Jerome Powell’s Replacement Has Begun — Who Will Inherit the Federal Reserve?
Jerome Powell has been the Federal Reserve Chair since February 2018. Trump nominated Powell in 2017, but now calls for him ...
Powell Out? US Kicks Off Formal Process to Replace Fed Chief, Confirms Treasury Secretary
The hunt for the successor of Federal Reserve Chairman Jerome Powell is offically taking place, confirms U.S. Treasury Secretary Scott Bessent.
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Trump says Fed should cut policy rate by 3 points, citing 'very low inflation'
Fed should cut Rates by 3 Points. Very Low Inflation. One Trillion Dollars a year would be saved!!!' US president says after ...
Bessent suggests that Powell should exit the Fed in May
Treasury Secretary Scott Bessent said on Tuesday it would be less confusing for the markets if Federal Reserve Chair Jerome Powell stepped down as a Fed governor at the same time that his term as ...