President Donald Trump on Friday said that his nominee for the next Federal Reserve chairman, Kevin Warsh, is eager to lower interest rates, a key goal the US leader has long advocated. “He certainly wants to cut rates. I’ve been watching him for a long time,” Trump said at the White House. However, he added…
US President Donald Trump on Thursday (local time) said he will announce his pick to replace Federal Reserve Chair Jerome Powell on Friday morning, as reported by reuters. “I’ll be announcing the Fed chair tomorrow morning,” Trump said at the Kennedy Center on Thursday, the news agency reported. Several candidates are reportedly being considered to…
Outgoing US Federal Reserve chair Jerome Powell on Wednesday (local time) shared some advice for his to-be appointed successor after announcing the central bank’s decision to keep rates unchanged. Market experts had expected that the Fed would keep interest rates steady after its two-day policy meeting on Wednesday, despite media reports indicating pressure from the…
The search for a new Fed chair is nearing its end, with US President Donald Trump expected to announce a successor of Jerome Powell in the coming weeks. Powell’s term as Federal Reserve chairman will end in May, but he is not obliged to leave the Washington-based Board of Governors until 2028, news agency Reuters…
