In the Fed’s modern history, the FOMC has always chosen the sitting Board chairman to be its chairman as well. Politics, however, has a habit of stress-testing assumptions.
This week culminated in the nomination of a former Bush White House economic official to succeed Jerome Powell as Fed chair.
President Donald Trump is set to announce his pick for chair of the Federal Reserve next week.
President Donald Trump on Thursday wrote that Federal Reserve Chairman Jerome Powell has refused to cut interest rates, which is hurting the American economy and costing the country hundreds of billions of dollars in interest expense.
The Federal Reserve held interest rates unchanged on Wednesday in a 10-2 vote, with officials pointing to signs of stabilization in the labor market as they signaled a pause in monetary easing.
The constitutional answer in the Trump v. Cook case isn’t an expansive judicial review of the president’s removal decisions. It’s trusting the Senate to do the job the framers assigned it.
The shot heard ’round the world was not fired by President Donald Trump but by Federal Reserve Chair Jerome Powell, who insisted he was merely defending his territory from an unwelcome intrusion of Justice Department interferers.
Jerome Powell’s decision to publicly attack the Trump administration could give President Trump the opportunity to appoint a leader of the Federal Reserve without Senate approval.
The chairs of a dozen European central banks responded to Powell’s declaration of war on the U.S. President by declaring “full solidarity”.
Jerome Powell has decided he is under assault from the Trump administration and has issued a declaration of war.
Powell claimed, without evidence, that the inquries into the renovations and his congressional testimony were merely “pretexts” for political interference in monetary policy.
A Trumpier Fed Isn’t An Inflation Threat The financial press has been trying its best for months to gin up a panic over the independence of the Federal Reserve. We’ve had a number of dress rehearsals for the supposed death
The Fed Will Cut Next Week The Federal Reserve is all but certain to cut interest rates by 25 basis points next week, bringing the federal funds rate down to a range of 3.5 to 3.75 percent. Markets are pricing
The man Trump calls a “stubborn ox” might prove stubborn enough to stick around when his term as Fed chairman expires, operating as a kind of monetary policy resistance leader for the next two years.
This week, the government finally revealed the September jobs data, and we learned about the mysterious resignation of yet another Fed official.
Sen. Bernie Moreno (R-OH) said at a Breitbart News policy event the experts have been “catastrophically wrong” on President Donald Trump’s tariffs.
President Donald Trump said Wednesday that he would “love to fire” Federal Reserve Chairman Jerome Powell, whom he has long criticized for what he sees as a failure to cut interest rates fast enough.
The Federal Reserve released research proving its own rate-holding decision was based on a theoretical mistake.
College degrees are not offering first-time job seekers the same opportunities they once did, according to new data.
Federal Reserve officials are sharply divided over how aggressively to cut interest rates, with some warning that the central bank risks falling dangerously behind in addressing a deteriorating labor market while others remain focused on stubborn inflation that has persisted well above target for more than four years.
Welcome to the inaugural Friday Wrap, our weekly survey of the economy, Wall Street, Silicon Valley, and the bureaucrats who pretend they can read the future by staring at spreadsheets.
For two years in a row, the cheerleaders of Bidenomics assured us that any discontent was in our heads—a trick of bad vibes and social media. It turns out the voters were right, and the official statistics were wrong.
The White House underscored that the Bureau of Labor Statistics’ (BLS) downward revisions of 911,000 jobs from April 2024 to March 2025 show the failures of the Biden administration, Federal Reserve Chair Jerome Powell, and the BLS itself.
Lisa Cook, whom President Donald Trump has sought to fire from her position as Federal Reserve governor over allegations of mortgage fraud, once said that economists could have caught the 2008 financial crisis earlier if they had paid attention to “mortgages that were pitched to African-Americans.”
This week saw a series of unprecedented events that may signal the end of the form of central bank independence as we have known it for more than a century.
Inflation held steady in July, with the Federal Reserve’s preferred price gauge showing a slight deceleration in cost pressures and defying predictions from Fed Chairman Jerome Powell that tariffs would push up consumer prices.
Fed chairman Jerome Powell signaled on Friday that the central bank could be ready to cut interest rates as soon as next month.
America’s factories are humming, demand is solid, and prices are rising alongside precautionary inventories. The Fed’s theory inflation “lag theory” doesn’t explain this.
By the time Federal Reserve Chairman Jerome Powell climbs the stage at Jackson Hole this Friday, the familiar choreography will be missing one element: consensus.
President Donald Trump could potentially gain a new ally on the Federal Reserve if allegations of potential mortgage fraud force Federal Reserve Governor Lisa Cook to resign. Trump on Wednesday urged Federal Reserve Governor Lisa Cook to resign after Federal
President Donald Trump on Tuesday took several shots at Federal Reserve Chair Jerome Powell, calling him a “loser.”
President Donald Trump has decried the “incalculable” damage Federal Reserve Chairman Jerome Powell has done by not lowering interest rates after inflation rose less than expected from a Tuesday report.
The central bank’s future may hinge on a forgotten legal quirk—and a historical echo from 1948.
The July jobs report was a disaster for the American worker, the U.S. economy, the Federal Reserve, and Jerome Powell.
The labor market appears to be far weaker than previously thought, with huge downward revisions to May and June, losses in manufacturing, and a rising unemployment rate.
The Federal Reserve voted Wednesday to keep interest rates unchanged, a decision which elicited two dissenting votes from the central bank’s board of governors for the first time in more than 30 years.
Treasury Secretary Scott Bessent said during a Breitbart policy event on Wednesday that the Federal Reserve is suffering not from “Trump Derangement Syndrome,” but from “Tariff Derangement Syndrome.”
The Federal Reserve’s latest FOMC minutes offer a peek into the mind of an institution trying to explain why its insistence that tariffs would trigger inflation keeps misfiring.
President Donald Trump said Friday that he expects Federal Reserve Chairman Jerome Powell to soon start lowering interest rates after their meeting at the Fed on Thursday.
WASHINGTON–President Donald Trump, who has been critical of cost overruns on renovations at the Federal Reserve, toured the ongoing construction there on Thursday, alongside Chairman Jerome Powell.
