Jerome Powell
Who will Trump pick for Fed chair? Hear from all the candidates in their own words
Key Points President Donald Trump’s short list to replace Jerome Powell as Federal Reserve chair has turned into a long list of nearly a dozen possible candidates. In CNBC interviews that stretch back days, weeks and even months, the candidates have talked in depth about where they think the Fed should go. Source
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Odds of Trump tapping David Zervos for Fed chief jump on Kalshi after CNBC report
Key Points Users on prediction market Kalshi are upping their bets that Jefferies Chief Market Strategist David Zervos will become the next Federal Reserve chair. The move comes after sources told CNBC that President Donald Trump is considering 11 candidates to succeed current Fed Chair Jerome Powell once his term is up. Source
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Trump weighs deploying National Guard in Washington, D.C., as he targets crime, homeless
US President Donald Trump speaks during a Purple Heart Day event in the East Room of the White House in Washington, DC, US, on Thursday, Aug. 7, 2025. Eric Lee | Bloomberg | Getty Images President Donald Trump is considering deploying up to 1,000 National Guard troops in Washington, D.C., as he complains about violent […]
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Inflation data takes the spotlight next week on Wall Street
Suddenly, Wall Street cares about inflation again. After taking a backseat to the jobs report earlier this year, inflation data will take center stage next week as investors try to discern whether the Federal Reserve will cut in September. The latest consumer price index is set to release Tuesday, and the producer price index is […]
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Trump faces a variety of choices as he seeks to fill Fed vacancies
Key Points With the open seat on the influential Federal Reserve Board of Governors, President Donald Trump now has a number of strategic options at the central bank. Will Trump use the position to nominate a gadfly to torment Chair Jerome Powell or pursue a different strategy focused more on the long-term direction of the […]
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Prediction markets see Hassett and Warsh as Fed chair frontrunners as Trump talks up the ‘Kevins’
Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the US Federal Reserve Reuters President Donald Trump’s fresh comments on potential candidates to replace Jerome Powell as the next chair of the Federal Reserve sparked a wave of speculation on prediction markets. National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, […]
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BlackRock’s Rick Rieder says a half-point rate cut by the Fed in September is possible
Rick Rieder, BlackRock’s chief investment officer for global fixed income, said July’s dismal jobs report opened the door for a jumbo rate cut from the Federal Reserve next month. “We would argue that the evidence the Fed needed in order to justify a cut in September has arrived in today’s report,” Rieder said in a […]
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5 things to know before the stock market opens Friday
Here are five key things investors need to know to start the trading day: 1. When the levy breaks A trader works at his desk on the floor of the New York Stock Exchange (NYSE) at the opening bell on July 18, 2025, in New York City. Angela Weiss | AFP | Getty Images Stock […]
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Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts
Key Points The Federal Open Market Committee voted 9-2 to keep the federal funds rate set in a range between 4.25%-4.5%. The decision was met with opposition from governors Michelle Bowman and Christopher Waller, both of whom have advocated for the Fed to start easing. This was the first time since late 1993 that multiple […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June. Text removed from the June statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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