World News Story Fed S Powell We May Well Bbe In A Recession

Trump to announce new Fed chair replacing Jerome Powell before Christmas? Here's what Scott Bessent says

Treasury Secretary Scott Bessent indicated that President Trump might announce a new Federal Reserve chair before Christmas, as Jerome Powell's term ends in May. Read More

Good chance Trump may unveil Fed pick by Christmas, Bessent says

U.S. Treasury Secretary Scott Bessent said on Tuesday he was concluding a second round of interviews later in the day for a new U.S. Federal Reserve leader, and there was a good chance President ... Read More

Fed Chair Powell’s Allies Provide Opening for December Rate Cut

A divided committee, missing data and a whiff of stagflation present a choice between two paths—each with drawbacks. Read More

Are we in a K-shaped economy? Delayed employment numbers could reveal recession odds

The gap between the richest and poorest Americans is widening in what Fed Chair Jerome Powell called a 'bifurcated economy.' Here's the breakdown. Read More

Who will replace Federal Reserve Chair Jerome Powell? A look at the 5 finalists.

President Trump has a list of five finalists to replace outgoing Fed Chair Jerome Powell. Here's a look at each one. Read More

Will the Fed cut interest rates in December? Here’s what experts are saying.

The highlight of Fed Chair Jerome Powell’s press conference Wednesday was his report that there were “strongly different views” among his colleagues about what ... Read More

Fed Cuts Rates; Powell Says Future Cuts ‘Far From’ Certain

The Fed lowered rates by 25 basis points to 3.75%-4.00% at its October meeting. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ... Read More

Fed Chair Jerome Powell May Soon Spike the Punch Bowl. It Could Trigger a Big Move for Stocks

In a recent speech, Fed Chair Jerome Powell discussed the possibility of ending quantitative tightening. Quantitative tightening effectively pulls money out of the economy as the Fed reduces bond ... Read More

Fed reduces interest rate by a quarter point, Powell says December cut not guaranteed

The Federal Reserve on Oct. 29 announced a quarter percentage point rate cut, marking its second consecutive rate reduction. The move brings the Fed’s benchmark interest rate down to a range of 3.75% ... Read More