President Donald Trump’s short list to replace Jerome Powell as Federal Reserve chair has turned into a long list of nearly a dozen possible candidates. Among them are current and former Fed officials, prominent economists and a couple market-focused hopefuls, each with ideas about where the central bank should be headed at a critical juncture…
Economist Marc Sumerlin, one of nearly a dozen reported contenders for Federal Reserve chair, said Thursday he’d be interested in the job and believes an aggressive interest rate cut would be appropriate. Sumerlin, a former senior economist under then-President George W. Bush, said on CNBC that lowering the Fed’s key rate would be an easy…
Traders work on the floor of the New York Stock Exchange on August 11, 2025. NYSE Small-cap stocks jumped Wednesday, bucking the decline from some of the market’s largest companies, as investors bet that the Federal Reserve will cut interest rates starting in September — lowering the cost of capital and possibly boosting consumer spending….
U.S. President Donald Trump points towards Federal Reserve Chair Jerome Powell holding a document during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | Reuters Federal Reserve Governor Adriana Kugler’s surprise resignation last week brought back a scenario that seemed to…
President Donald Trump told CNBC on Tuesday that he has narrowed the field of potential future Federal Reserve chairs to four candidates, a list that does not include Treasury Secretary Scott Bessent. While the president did not disclose who is in contention, he revealed that Bessent, previously considered a leading candidate, has taken himself out…
US President Donald Trump speaks to journalists at Lehigh Valley International Airport in Allentown, Pennsylvania, on August 3, 2025 as returns to the White House from his Bedminster residence, where he spent the weekend. Brendan Smialowski | Afp | Getty Images President Donald Trump plans over the next several days to name replacements for two…
It was a dizzying week on Wall Street. The S & P 500 closed this past Monday at a record high and then went on a four-session losing streak. Friday was particularly unsettling as terrible jobs data slammed the market and triggered President Donald Trump . Trump started the day by slamming Federal Reserve Chairman…
President Donald Trump on Friday fired the Bureau of Labor Statistics commissioner, hours after the agency reported that job growth in the U.S. had slowed to a near-halt. In a Truth Social post that also directed even more fire at Fed Chair Jerome Powell, Trump accused BLS Commissioner Erika McEntarfer of being a political appointee…
Treasury yields moved higher on Wednesday after the Federal Reserve kept interest rates unchanged and after the U.S. economy grew at a faster-than-expected pace in the second quarter. The 10-year Treasury yield rose 4 basis points to 4.368%. The 2-year yield was up 7.2 basis points at 3.947% and the 30-year bond yield added 2.7 basis points to 4.897%. Prices…
WASHINGTON – A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, despite a barrage of criticism from President Donald Trump and dissents from two top officials. The Federal Open Market Committee, the group that sets the overnight borrowing rate, voted 9-2 to stay on hold. The federal funds rate will…
