Jerome Powell News
Who is Scott Bessent? US Treasury Secretary to replace Fed Chair Jerome Powell? Here's what Donald Trump said about him
Scott Bessent, before assuming his role as the Treasury Secretary, spent his career in finance, working for macro investment billionaire George Soros and noted short seller Jim Chanos, as well as running his own hedge fund.
2 min read08:00 AM IST‘Committed to working with you’: Jerome Powell asks inspector general to review Fed headquarters renovation project
As per the letter, some features including VIP elevators or dining rooms — which had drawn uproar from the government — had never been in the project's scope. Other features, such as the new water, were on the other hand, removed.
1 min read15 Jul 2025Donald Trump criticises Fed Chair Jerome Powell again, says ‘I hope he quits’
United States President Donald Trump has called for Federal Reserve Chairman Jerome Powell to step down. Meanwhile, the White House has suggested that Powell could be fired over his $2.5 billion Washington HQ ‘scandal’.
2 min read14 Jul 2025Pimco Bond Chief Says Trump Will Make Orthodox Choice for Fed Chief
US President Donald Trump is likely to stick with convention when he picks the next Federal Reserve Chair, according to one of the world’s biggest bond managers.
2 min read13 Jul 2025Pressure mounting? Jerome Powell may quit over $2.5 billion US Federal Reserve's Washington HQ ‘scandal’
Fed Chair Powell faces resignation rumors amid White House accusations he misled Congress about the US Fed's $2.5 billion HQ renovation and resisted rate cuts.
1 min read12 Jul 2025Rooftop gardens and marble halls: Trump allies attack Powell over Fed renovations
It’s part of a larger push by Trump-aligned officials to probe the Fed and challenge Chair Jerome Powell’s leadership.
4 min read11 Jul 2025Who will be the next Jerome Powell? Here's a look at the top contenders
President Trump accelerates search for Powell’s Fed chair replacement, eyeing Bessent, Bowman, and others amid controversial ‘shadow chair’ plan and rate-cut demands.
1 min read10 Jul 2025Dear Trump… Nobody can glower American interest rates down
Instead of ranting about the US Federal Reserve’s monetary policy or making unrealistic debt issuance plans, the administration should exercise pragmatic options. Begin with fiscal prudence, a big miss in America’s One Big Beautiful Bill.
3 min read9 Jul 2025What history says happens when the Fed bends to a president’s will
Fifty years ago, President Richard Nixon famously leaned on Fed Chair Arthur Burns to keep interest rates low going into the 1972 presidential election. It didn't end well.
3 min read7 Jul 2025‘We are watching’: Fed chief Jerome Powell says Donald Trump's tariffs to lift US prices this summer
Federal Reserve Chair Jerome Powell anticipates tariffs will influence inflation data in the coming months, although uncertainties remain. The Fed is holding interest rates steady, assessing the impact of tariffs on prices.
2 min read1 Jul 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared