News

What’s Holding Trump Back From Firing Powell

The president wants to get rid of the Fed chair—if the markets will let him. We all have to hope he won’t gamble on that.

Trump has given Powell ‘no motivation to cooperate’ says former White House commerce secretary—he might now be paying the price for it

Trump's former commerce secretary, Wilbur Ross, tells Fortune that President Trump has given the Fed an unwinnable dilemma.

Fed Won’t Budge on Interest Rate Cut Despite Trump’s Demand for Mortgage Relief

As was widely expected, Fed policymakers on Wednesday left the central bank's overnight rate unchanged at a range of 4.25% to ...

What Powell is telling allies as Trump pressures him to resign

Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President ...

The Trump-Powell feud keeps heating up. Meet the betting markets' top picks to replace the Fed chief.

Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next ...

Trump is concerned about how the Fed is managed more than about firing Powell, says deputy chief of staff

Deputy White House chief of staff James Blair discusses where President Trump stands on Jay Powell's position with the Federal Reserve, when we may start to see rate cuts, and more on 'Sunday Night in ...

The Biggest Questions in the Trump-Powell Saga

President Trump asked Republican lawmakers this week whether he should fire Federal Reserve Chair Jerome Powell, whom he ...

Fed leaves interest rates unchanged amid Trump pressure. 2 governors dissent.

The Federal Reserve left its key interest rate unchanged at 4.25% to 4.5% and offered no clues on whether it will resume its rate cuts in September.