Fed Archives - 9xm News

‘Too late’: Donald Trump slams Jerome Powell, calling him one of the ‘dumbest and most destructive’; accuses Fed chief of costing US billions

US President Donald Trump once again slammed Federal Reserve Chairman Jerome Powell, accusing him of costing the country hundreds of billions of dollars after the central bank kept the interest rates unchanged. “Too Late,” Trump tweeted, calling Powell one of the “dumbest” and most “destructive” people in government. “Too Late” Jerome Powell is costing our […]

Fed Officials Stick to Cautious Message on Rate Cuts Despite Pressure From Trump

Officials at the Federal Reserve on Friday showed little sign of deviating from their message that there is no urgency to lower interest rates, despite a claim by President Trump that there is “no inflation.” A solid economy affords the central bank the flexibility to wait and see what the economic impact of Mr. Trump’s […]

US president slams Fed chief for not cutting rates

US President Trump renewed his criticism on Thursday of Federal Reserve chair Jerome Powell, complaining the Fed is refusing to lower interest rates. Trumpsaid cutting interest rates would be “like jet fuel” for the economy “but he doesn’t want to do it”. He said Powell is “not in love with me”. Fed this week kept […]

US Fed pauses rate cuts again says ‘great deal of uncertainty’ over Trump’s tariffs

File photo: US federal reserve chair Jerome Powell (Picture credit: AP) US Federal Reserve Chair Jerome Powell on Wednesday warned that US President Donald Trump’s escalating and uncertain tariff policies could force the central bank into a difficult position where its key objectives, low inflation and maximum employment, might come into conflict. “I think there’s […]

Donald Trump says he won’t fire ‘total stiff’ Fed chair Jerome Powell before term ends in 2026

Donald Trump says he won’t fire Fed chair Jerome Powell (File photo) US President Donald Trump announced on Sunday that he will not remove Jerome Powell as Federal Reserve board chairman before his term ends in May 2026 while describing the central banker as “a total stiff” and repeating calls for the Fed to lower […]

Donald Trump says he has ‘no intention of firing’ Fed Reserve Chair Jerome Powell amid rate dispute

US president Donald Trump on Tuesday said he does not plan to remove Federal Reserve Chair Jerome Powell, even as he renewed his call for the central bank to lower interest rates. Speaking at a White House event, Trump tried to ease market concerns sparked by speculation about Powell’s future. “I have no intention of […]

Trump administration ‘continues to study’ option to fire Fed chair Powell: White House

US President Donald Trump and his administration will “continue to study,” whether it’s possible to remove Federal Reserve chief Jerome Powell, his top White House advisor said on Friday.“The president and his team will continue to study that matter,” National Economic Council director Kevin Hassett told reporters, when questioned about the possibility of Powell’s termination, […]

Can Donald Trump fire Fed chief Jerome Powell?

Can Trump legally fire Powell? Donald Trumpappointed Jerome Powell as the Fed chief in 2017 and his term will end in May 2026. This is not the first time that Trump has threatened to fire Powell as he clashed with Powell in 2018 as well over interest rate policies but he was not fired.On Wednesday […]

White House looks for new fed chair as Powell nears end amid Trump pressures

US Federal Reserve Chair Jerome Powell (AP photo) The White House is preparing to begin interviews for a new Federal Reserve Chair this autumn, as Jerome Powell, a Biden appointee’s term ends in May 2026. Treasury secretary Scott Bessent confirmed to Bloomberg the timeline during a visit to Argentina, saying it gives the Trump administration […]

Supreme Court Ruling: Supreme Court blocks order to rehire thousands of Fed workers fired under Trump administration

The US Supreme Court on Tuesday sided with the Trump administration in blocking a lower court order that required the government to rehire over 16,000 probationary federal workers who were dismissed as part of US President Donald Trump’s sweeping efforts to shrink the federal workforce. The brief order halted a ruling by US district judge […]