Topic
jerome-powell
18 stories related to this topic, newest first.
Los Angeles Timesfinance14 days ago
Powell Says Fed Independence Remains Vital as His Board Term Runs to 2028
Former Federal Reserve Chair Jerome Powell received the John F. Kennedy Profile in Courage Award on Sunday at the Kennedy Presidential Library in Boston. He used the occasion to defend the independence of the central bank and other institutions.
fortune.comfinance15 days ago
Jerome Powell to Receive 2026 JFK Profile in Courage Award
Former Federal Reserve Chair Jerome Powell was honored May 31 in Boston for defending the central bank’s independence. He used the occasion to warn against removing officials over policy disagreements.
upi.comfinance30 days ago
Jerome Powell Steps Down as Fed Chair, Hands Role to Kevin Warsh
Jerome Powell ends his eight-year term as Federal Reserve chair on Friday. He will remain a governor while Kevin Warsh assumes the chairmanship.
upi.comfinance32 days ago
Jerome Powell Steps Down as Fed Chair After Eight Years
Federal Reserve Chair Jerome Powell's term ends on May 16, 2026, after facing a global pandemic, high inflation and a federal criminal investigation. President Donald Trump's nominee Kevin Warsh is set to assume the role. Powell will remain on the Fed's board of governors until a…
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New York Postfinance41 days ago
Sen. Tim Scott Calls for Fed Chair Powell to Resign
Sen. Tim Scott expressed hope that Federal Reserve Chair Jerome Powell will depart after his term ends in May, suggesting Powell might stay to challenge the incoming leadership. Powell plans to remain as a governor until 2028, citing concerns over threats to Fed independence. Sou…
New York Postfinance41 days ago
Sen. Tim Scott Criticizes Powell's Plan to Remain Fed Chair
Republican Sen. Tim Scott criticized Federal Reserve Chair Jerome Powell for planning to remain on the Fed's Board of Governors after his chair term ends on May 15, 2026. Scott said the move breaks 75 years of precedent and suggested it might be aimed at President Trump. Powell c…
realitytea.comfinance42 days ago
Jerome Powell Chose to Stay on Federal Reserve Board Amid Trump Legal Challenges
Jerome Powell did not want to remain on the Federal Reserve's board after his term as chair ended. He decided he had no choice due to President Trump's legal challenges that threatened to alter the Fed's operations. The situation highlights potential changes to the central bank's…
upi.comfinance47 days ago
Jerome Powell's Term as Fed Chair Ends; Continues as Governor
Jerome Powell concluded his eight-year tenure as Federal Reserve Chair with a final policy meeting where rates remained unchanged. He announced he will stay on as a governor until a Department of Justice probe into his actions is resolved. The decision comes amid past clashes wit…
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France 24finance47 days ago
Powell to Remain on Federal Reserve Board After Chair Term; Rates Unchanged
Federal Reserve Chair Jerome Powell announced he will stay on as a governor after his term ends on May 15, 2026, emphasizing central bank independence. President Trump criticized the decision, calling it a sign Powell cannot find other work. The Fed held interest rates steady wit…
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+19upi.comfinance47 days agoUpdated
Powell to Continue Serving as Fed Governor After Term Expires
Federal Reserve Chair Jerome Powell announced he will continue serving as a Fed governor after his chair term ends next month, citing unprecedented legal attacks from the Trump administration. The Fed held interest rates steady in its latest meeting. President Trump criticized Po…
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BBC Newsfinance47 days ago
Federal Reserve Holds Rates Steady With Four Dissents; Powell Says He Will Remain as Governor
The Federal Reserve maintained its benchmark interest rate at 3.5% to 3.75% in a split decision, with four dissents marking the most since 1992. Chair Jerome Powell announced he will remain as a governor after his term ends, citing legal challenges to the central bank. The decisi…
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Substrate placeholder — needs reviewfinance47 days ago
Federal Reserve Holds Interest Rates Steady
The Federal Reserve kept its benchmark interest rate unchanged amid rising inflation, with four members dissenting from the decision. Chair Jerome Powell stated he will stay on the board as a governor after his term ends May 15, citing legal challenges from the Trump administrati…
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+11upi.comfinance45 days ago
Fed Holds Interest Rates Steady; Biden Renominates Powell
The Federal Reserve kept interest rates unchanged in Jerome Powell's final meeting as chair, amid a high number of dissents and ongoing inflation pressures. Powell stated he will remain a governor until at least 2028 to protect the central bank's independence. Incoming chair Kevi…
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The Washington Postfinance46 days agoUpdated
Fed Chair Powell to Remain as Governor
Federal Reserve Chair Jerome Powell announced he will remain a governor after his term ends, citing legal pressures and denying the White House a board seat. President Trump stated he does not care about Powell's decision. The move comes amid past clashes and speculation on inter…
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upi.comfinance46 days ago
Senate Banking Committee Approves Kevin Warsh Nomination for Federal Reserve Chair
The Senate Banking Committee voted along party lines to advance Kevin Warsh's nomination as Federal Reserve chair, setting up a full Senate vote. The decision came hours before the Fed's latest interest rate announcement and Jerome Powell's final press conference as chair. The mo…
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mcsweeneys.netfinance49 days ago
U.S. Attorney Pirro Drops Criminal Probe of Federal Reserve Chair Powell
U.S. Attorney Jeanine Pirro announced the termination of a criminal investigation into Federal Reserve Chairman Jerome Powell regarding his testimony on a headquarters renovation project. The probe, launched in November, was halted following a court ruling that quashed related su…
CNBCfinance50 days ago
DOJ Refers Federal Renovation Probe to Inspector General
The U.S. Department of Justice ended its criminal investigation into Federal Reserve Chair Jerome Powell over headquarters renovations. Sen. Thom Tillis dropped his opposition to Kevin Warsh's nomination as Powell's successor. The move sets up a Senate committee vote on Warsh thi…
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+13upi.comfinance51 days agoUpdated
DOJ Ends Probe into Powell Before Warsh Confirmation Hearing
The U.S. Justice Department has ended its criminal investigation into Federal Reserve Chair Jerome Powell over alleged cost overruns in building renovations. The move follows President Donald Trump's nomination of Kevin Warsh to replace Powell, whose term expires on May 15, 2026.…
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