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If leading the Federal Reserve isn't challenging enough, the next central bank chair will face an additional burden.
President Donald Trump has acknowledged the intense pressure he’s laying on the Federal Reserve to lower interest rates is, in fact, making it harder for the central bank to do just that.
President Trump is laying the groundwork to replace Fed Chair Jerome Powell as soon as possible. Five potential names include Scott Bessent, Kevin Hassett and Christopher Waller.
The current dual mandate framework is flawed; prioritizing unemployment over inflation; it sows seeds for future economic instability and credibility issues. Kate Smith The target is 2%, the Fed ...
Trump reportedly is considering naming a "shadow chair" until the current occupant, Jerome Powell, leaves office next year, in an attempt to pressure the Fed into cutting rates.
Trump reportedly is considering naming a "shadow chair" until the current occupant, Jerome Powell, leaves office next year, in an attempt to pressure the Fed into cutting rates.