Jerome Powell
Bessent lists five finalists for Fed chair job, and Trump says decision coming before the end of the year
Key Points Treasury Secretary Scott Bessent confirmed that the list of candidates to replace Federal Reserve Chair Jerome Powell has been winnowed down to five. President Donald Trump told reporters that he anticipates naming a replacement by the end of the year. Powell’s term doesn’t expire until May. Source
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U.S. regulators toss out rules requiring banks to prepare for climate change
Key Points Regulators are doing away with controversial regulations that required banks to plan for losses in the event of climate-related events, according to an announcement Thursday. Trump administration officials have criticized the Fed for falling prey to mission creep, or exceeding the scope of its mandates for monetary policy and bank supervision. Source
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Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move
Key Points Fed Governor Stephen Miran said Thursday he plans to repeat his push for a half-percentage-point interest rate cut when the central bank meets later this month. Governor Christopher Waller advocated a quarter-percentage-point reduction at the meeting later this month, a position that appears more in line with the Fed consensus. Earlier this week, […]
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Trump’s new China threat, bank earnings, Boeing deliveries and more in Morning Squawk
Travis Hutchison, a soybean farmer, unloads his cargo from his family’s truck at a local grain dealer in Queen Anne, Maryland, on Oct. 10, 2025. Roberto Schmidt | AFP | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to […]
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CNBC Daily Open: A Trump post drowns out positive developments for markets
U.S. President Donald Trump gestures during a meeting with President of Argentina Javier Milei in the Cabinet Room at the White House on Oct. 14, 2025 in Washington, DC. Kevin Dietsch | Getty Images U.S. stocks had a rocky day of trading, swinging from highs to lows like the quality of Game of Thrones across […]
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CNBC Daily Open: Trump has the last word on U.S. stocks
U.S. President Donald Trump speaks during a ceremony to posthumously award the Medal of Freedom to Charlie Kirk, in the Rose Garden patio at the White House in Washington, D.C., U.S., Oct. 14, 2025. Kevin Lamarque | Reuters U.S. stocks had a rocky day of trading, swinging from highs and lows like the quality of […]
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Asia markets set for higher open, breaking ranks with Wall Street’s declines on renewed U.S.-China trade feud
SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were set to open higher Wednesday, breaking ranks with Wall Street’s declines after U.S. and China exchanged blows in a renewed trade feud. U.S. President Donald Trump […]
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Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia
[The stream is slated to start at 12:20 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chair Jerome Powell delivers the keynote speech Tuesday at the National Association for Business Economics conference in Philadelphia. Markets are looking […]
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Trump’s Fed chair candidates list narrowed down to five by Bessent after interviews, sources say
Key Points The list of candidates for Fed chair is down to five from 11 after a series of interviews with Treasury Secretary Scott Bessent, according to sources. The remaining list of candidates includes Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Christopher Waller — along with Kevin Hassett, the director of the National […]
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S&P 500 futures are little changed after benchmark rises to all-time high: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures are near flat on Wednesday night after the benchmark index rose to all-time highs. Futures tied to the broad index traded around its flatline, as did Nasdaq 100 futures. Dow Jones Industrial Average futures rose 17 points, also sitting near […]
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