President-elect Donald Trump’s favorite barometer of his success — the stock market — had been humming since his reelection. Business-friendly promises of deregulation and tax cuts got investors excited with anticipation of unlocked profit and easy money.
Federal Reserve Chair Jerome Powell hinted Wednesday that the economic policies of President-elect Donald Trump are starting to become top of mind for the central bank.
Powell's more than six years as Fed chief have been consequential, but the coming months could present new challenges.
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President-elect Donald Trump says he loves low interest rates, but his talk of imposing tariffs is pressuring the Federal Reserve to keep rates higher for longer.
Jerome Powell's comments have had an immediate impact on Bitcoin's market capitalisation, triggering a major fall after the Fed chair commented its position on holding the crypto asset.
While Trump will have the power to appoint a new Fed chair in 2026, he does not have the ability to set monetary policy or change the federal funds rate directly.
US Federal Reserve chair Jerome Powell says some are trying to judge how Donald Trump’s tariffs, taxes, and immigration curbs might affect policy.
The Federal Reserve’s economic projections and Chair Jerome Powell’s press conference spooked the stock market Wednesday. One undeniable takeaway was concern over the president-elect’s policy proposals,
The Fed’s economic projections, and Chair Jerome Powell’s press conference, spooked the stock market into a sharp selloff. One undeniable takeaway was concern over the president-elect’s policy proposals. This sets up what could become a contentious and destabilizing relationship between the chief executive and the central bank.
The potential impact of President-elect Donald Trump's policies remained top of mind for consumers in December, per the Conference Board.