Jerome Powell, Federal Reserve System and Trump
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Fed, Powell and White House
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Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.
Experts weigh in on how the housing market could react if Fed Chair Jerome Powell is dismissed, and they point to economic turmoil.
The Federal Housing Finance Agency, created in 2008 to oversee mortgage giants Fannie Mae and Freddie Mac, has historically been a sleepy agency run by a relative unknown. Its current chief, 37-year-o
Treasury Secretary Scott Bessent said about finding a successor to Fed Chair Jerome Powell, whose term ends in May 2026: “There’s a formal process that’s already starting. There are a lot of great
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Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.
The bond manager hasn’t adjusted its portfolio saying it seems unlikely the president will get his way.
Privately, White House officials acknowledge uncertainty about Trump firing Powell solely based on accusations he mismanaged a multi-year renovation project.