New Fed chair pick coming by Christmas
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President Trump has a list of five finalists to replace outgoing Fed Chair Jerome Powell. Here's a look at each one.
The stock market faces significant challenges in the near term, including high valuations, a weakening economy, and dismal consumer sentiment.
Kevin Hassett, a top White House economic adviser, is said to become the front-runner to lead the Federal Reserve, raising questions about its independence.
Federal Reserve policymakers are split over whether they should continue cutting interest rates, ending the long stretch of consensus that has defined Chair Jerome Powell’s leadership of the central bank.
In late September, Fed Chair Powell delivered a speech in Rhode Island, where he was questioned about the variables the Fed's Board of Governors considers when making monetary policy decisions. In particular, he was asked if movements in the stock market factor into the central bank's decision-making process.
Bets on Kevin Hassett becoming the next Federal Reserve chair have surged over the last 24 hours, placing him as clear favorite to succeed Jerome Powell next year.
WASHINGTON (Reuters) -U.S. Federal Reserve Governor Christopher Waller said he met with Treasury Secretary Scott Bessent recently to further discuss his possible nomination as Fed Chair, as the Trump administration moves forward in picking a replacement for Jerome Powell.
2don MSN
Former Boston Fed Pres. Rosengren: Very confident Powell will be successful in getting a 25bps cut
Former Boston Fed President Eric Rosengren joins 'Squawk Box' to discuss the state of the economy, strength of the labor market, the Fed's inflation fight, rate path outlook, and more.