Jerome Powell | DD News

January 15, 2026 3:17 PM

Trump says he has no plan to fire Fed’s Powell despite investigation

U.S. President Donald Trump said on Wednesday he has no plans to fire Jerome Powell despite a Justice Department criminal investigation into the Federal Reserve chair, but it was "too early" to say what he would ultimately do. "I don't have any plan to do that," Trump told Reuters in an interview when asked if he would attempt to remove Powell from his job. Asked whether the investigation gave him grounds to do so, Trump added: "Right now, we're (in) a little bit of a holding pattern with him,...

September 24, 2025 11:50 AM

Fed’s Powell strikes middle path on inflation, jobs, as others take sides

U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank needed to continue balancing the competing risks of high inflation and a weakening job market in coming interest rate decisions, even as his colleagues staked out arguments on both sides of the policy divide. “Near-term risks to inflation are tilted to the upside and risks to employment to the downside – a challenging situation,” Powell said in remarks that stuck close to language used las...

September 18, 2025 8:58 AM

Miran’s Fed dissent makes a splash, fails to sway the outcome

If President Donald Trump hoped that putting a close ally at the Federal Reserve would grab headlines, White House economic adviser Stephen Miran's dissent and way-below consensus interest rate projection on Wednesday delivered. If the hope was to have someone on the inside to get the Fed to lower interest rates as sharply as Trump wants, Miran's lone dissent was evidence the gambit had failed, at least for now. Sworn in just before the Fed began its latest meeting, Miran took part in two days...

September 18, 2025 8:52 AM

US Federal Reserve lowers interest rates, signals more cuts ahead

The Federal Reserve, goaded by the risk of rising unemployment, reduced interest rates on Wednesday for the first time since December and indicated more cuts would follow to halt any slide in a labor market already experiencing higher joblessness among Blacks, a declining workweek, and other signs of weakness. The decision moves in a direction called for by President Donald Trump, but falls far short of the steep cuts in borrowing costs that he has demanded - and which were apparently penciled ...

July 17, 2025 12:02 PM

Trump says he’s not planning to fire Fed’s Powell

U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell, but he kept the door open to the possibility and renewed his criticism of the central bank chief for not lowering interest rates. A Bloomberg report earlier Wednesday saying that Trump was likely to fire Powell soon sparked a drop in stocks and the dollar, and a rise in Treasury yields. Trump, who has been criticizing Powell on an almost daily basis for being "TOO LATE" to cut interest ra...

June 19, 2025 10:16 AM

Fed keeps key rates steady; cites ‘meaningful’ inflation, cautious path ahead

The U.S. central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned against putting too much weight on that view, and said he expects "meaningful" inflation ahead as consumers pay more for goods due to the Trump administration's planned import tariffs. "No one holds these ... rate paths with a great deal of conviction, and everyone would agree that they're all going to be data...

January 30, 2025 11:15 AM

US Fed leaves rates unchanged, sees no hurry to cut again

The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate. The decision and Powell's comments put Fed policy in a holding pattern at a time when the U.S. economic landscape seems both stable and wildly uncertain - with a healthy set of macroeconomic fundamentals that have changed little in recent months, but coming decisions from the Trump administratio...

December 19, 2024 11:46 AM

Fed lowers rates but sees fewer cuts next year due to stubbornly high inflation

The U.S. central bank cut interest rates on Wednesday, as expected, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly high inflation, remarks that showed policymakers are starting to reckon with the prospects for sweeping economic changes under a Trump administration. Powell's explicit - and repeated - references to the need for caution from here on jolted Wall Street, sending stocks sharply lower, bond yields hi...

November 8, 2024 10:13 AM

US Fed cuts interest rates by 25 points; Powell signals cautious path forward

The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as its policymakers began taking stock of what could become a more complex economic landscape when President-elect Donald Trump takes office next year. Fed Chair Jerome Powell said the results of Tuesday's presidential election, which paved the way for a U.S. chief executive who has pledged widespread deportation of immigrants, broad-based tariffs, and tax cuts, would have no "near-term" impact on U.S. monetar...

September 18, 2024 2:14 PM

With Fed’s rate cut at hand, debate swirls over how big a move

The Federal Reserve on Wednesday almost certainly will lower interest rates for the first time in more than four years as the U.S. central bank starts to reverse the restrictive conditions it imposed to beat back inflation, but whether policymakers opt for a half-percentage-point cut or smaller move remains up in the air. Their choice on how they want to kick off a new easing cycle - less than two months before what is expected to be a close U.S. presidential election - likely hinges more on wh...