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Tag: Jerome Powell

WASHINGTON, DC - SEPTEMBER 17: Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee at the Federal Reserve on September 17, 2025 in Washington, DC. In the face of a softening labor market, Powell announced a quarter-point cut to the federal funds rate, bringing rates down to a new range of 4 percent to 4.25 percent. (Photo by Chip Somodevilla/Getty Images)

Federal Reserve cuts interest rates, suggests more reductions to come

The Federal Reserve announced a quarter-point reduction in its key interest rate on Tuesday, lowering it to a range of 4.00% to 4.25%. This marks the first rate cut since December of last year.

Read More Federal Reserve cuts interest rates, suggests more reductions to come
Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee's statement on interest rate policy, in Washington, D.C., U.S., September 17, 2025. REUTERS/Elizabeth Frantz

Fed lowers interest rates, signals more cuts ahead; Miran dissents

The Federal Reserve reduced interest rates for the first time since December and indicated more cuts would follow to halt any signs of weakness.

Read More Fed lowers interest rates, signals more cuts ahead; Miran dissents
A Bank of America logo is seen on the entrance to a Bank of America financial center in New York City, U.S., July 11, 2023. REUTERS/Brendan McDermid/File photo

BofA expects Fed to deliver two cuts this year after soft jobs report

BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point cuts, in September and December, after a soft jobs report.

Read More BofA expects Fed to deliver two cuts this year after soft jobs report
Rep. Maxine Waters (D-CA) attends a news conference with Democratic members of the House Financial Services Committee and the Sustainable Investment Caucus at the U.S. Capitol on July 12, 2023 in Washington, DC. The lawmakers discussed corporate environmental and social policy investing. (Photo by Drew Angerer/Getty Images)

Rep. Maxine Waters urges use of 25th Amendment to find out what’s ‘wrong’ with Trump

Representative Maxine Waters has called for using the 25th Amendment on President Donald Trump to find out what’s “wrong with him.” 

Read More Rep. Maxine Waters urges use of 25th Amendment to find out what’s ‘wrong’ with Trump
(L) WASHINGTON, DC - AUGUST 13: U.S. President Donald Trump speaks during an event at the Kennedy Center on August 13, 2025 in Washington, DC. Trump announced country music artist George Strait, actor Michael Crawford, actor Sylvester Stallone, singer Gloria Gaynor and members of the rock band Kiss as the first nominees of the annual Kennedy Center Honors since taking control of the center’s board earlier this year. (Photo by Andrew Harnik/Getty Images) / (R-top) David Zervos. (Photo via: cnbcevents.com) / (R-middle) Larry Lindsey. (Photo via: cnbc.com) / (R-bottom) Rick Rieder. (Photo via: blackrock.com)

Trump admin now weighing 11 possible picks for Fed Chair position, officials say

The Trump administration is now weighing 11 potential successors to Federal Reserve Chair Jerome Powell, whose term ends in May, including three contenders not previously disclosed — according to two administration officials who spoke on condition of anonymity.

Read More Trump admin now weighing 11 possible picks for Fed Chair position, officials say
WASHINGTON, DC - JULY 24: U.S. President Donald Trump and Federal Reserve Chair Jerome Powell look at a piece of paper alongside Sen. Tim Scott (R-SC) as they tour the Federal Reserve’s $2.5 billion headquarters renovation project on July 24, 2025 in Washington, DC. The Trump administration has been critical of the cost of the renovation and Federal Reserve Chairman Jerome Powell. (Photo by Chip Somodevilla/Getty Images)

Trump threatens ‘major lawsuit’ against Powell over ballooning Fed building renovation costs

President Donald Trump threatened to file a “major lawsuit” against Federal Reserve Chair Jerome Powell, alleging “grossly incompetent” management of the Federal Reserve’s building construction projects.

Read More Trump threatens ‘major lawsuit’ against Powell over ballooning Fed building renovation costs

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