fed chair

Renowned economist Claudia Sahm expressed concerns over a proposal by a Trump advisor to establish a “shadow Fed chair,” potentially undermining current Federal Reserve Chair Jerome Powell. What Happened: Sahm’s comment came in response to a post by Heather Long, an Economic...

In the run-up to the presidential election, Donald Trump, the Republican nominee, has voiced his disapproval of the Federal Reserve’s recent decision to slash its benchmark interest rate by half a percentage point. Trump suggests this move could be indicative of a faltering U.S. economy or a...

Raphael Bostic, President of the Federal Reserve Bank of Atlanta expressed his views on a potential rate cut on Wednesday. However, Bostic expressed caution on the move. What Happened: Bostic acknowledged that the inflation rate has decreased more than expected, while the unemployment rate has...

In a recent meeting, former President Donald Trump was presented with a list of potential candidates to replace Jerome Powell as the head of the Federal Reserve. This list was put forward by influential economic advisers, who are also considering a potential second term for Trump. What Happened:...

Federal Reserve Chair, Jerome Powell, has highlighted the need for greater adaptability in the forecasting techniques used by Fed economists, moving beyond traditional mathematical models. What Happened: According to a report by Bloomberg, Powell emphasized the importance of intellectual rigor,...

In a nail-biting hour of twists and turns, the financial markets took a wild ride as Federal Reserve Chair Jerome Powell sat for an interview with Bloomberg during an event organized by the Economic Club of New York. Powell’s remarks on Thursday afternoon triggered shifts among stocks,...