Bessent says Supreme Court tariff ruling, Fed chair pick expected in January
Treasury Secretary Scott Bessent reveals the Supreme Court tariff ruling and Fed chair selection are both expected in January, with Kevin Hassett and Kevin Warsh as top candidates.
Powell acknowledges labor market slowdown but rejects fears of steep decline
Federal Reserve Chair Jerome Powell discusses labor market outlook after the third interest rate cut this year, citing unemployment rise to 4.4% and slowing job growth.
Prediction markets favor Hassett, Warsh as Trump’s top picks for Fed chair
Kevin Warsh's odds to become chair of the Federal Reserve surged 27 points to 42% on the Kalshi prediction market as President Trump narrows his choice between two leading candidates.
Powell says he wants to 'turn this job over' with economy in 'really good shape' before departure
Federal Reserve chair Jerome Powell wants to leave office with inflation at 2% and strong job market when his term ends in May 2026, avoiding legacy talk.
Trump says Warsh, Hassett are leading contenders for Fed chair pick
President Donald Trump said that former Fed Governor Kevin Warsh and NEC Director Kevin Hassett are his top picks for Fed chair in a Wall Street Journal interview.
Powell says rate cuts won't make 'much of a difference' for struggling housing sector
Federal Reserve Chairman Jerome Powell warned that housing market struggles will persist despite rate cuts, citing low inventory and affordability challenges for buyers.
Fed delivers third straight rate cut but 'dot plot' projects just one cut in 2026
Federal Reserve policymakers cut interest rates by 25 basis points for the third straight meeting, though their "dot plot" projections suggest only one interest rate cut expected in 2026.
Powell declines to weigh in on potential successors as Trump eyes next Fed chair
Jerome Powell refused to comment on President Donald Trump's search for his Federal Reserve replacement, saying the process doesn't affect his current chair role.
Powell refuses to weigh in on Supreme Court case threatening Trump's tariff policies
Federal Reserve Chair Jerome Powell refused to comment on the Supreme Court case that could impact President Trump's trade agenda, citing ongoing court proceedings.
Fed cuts interest rates for third straight time amid uncertainty over labor market, inflation
The Federal Reserve announced its third straight interest rate cut following its December meeting amid concerns about slowing labor market despite inflation remaining above target.
Trump Fed chair frontrunner Kevin Hassett hints at comprehensive Federal Reserve overhaul
National Economic Council Director Kevin Hassett outlines his Fed reform plans, including staff cuts and stricter policy focus, if selected as the central bank's next chairman.
From mortgages to car loans: How affordability rises and falls with the Fed
Affordability in America increasingly comes down to one institution, the Federal Reserve, whose decisions ripple through nearly every household budget.
Fed expected to deliver third straight rate cut this week amid labor concerns
Fed policymakers face a tough decision on rates with inflation remaining above target as weak job market data and rising layoffs complicate the outlook for the December meeting.
Fed's favored inflation gauge shows consumer prices remained elevated in September
The Commerce Department's delayed September PCE inflation report showed that inflation remained well above the Federal Reserve's 2% target ahead of a central bank decision next week.
Top Senate banking leader reveals whether he will support Trump’s pick to lead the Fed
Senate Banking Committee Chairman Tim Scott, R-S.C., shared his thoughts on President Trump's prospective Fed chair nominee with FOX Business.
Trump says he’s chosen next Fed chair as affordability pressures rise
Trump reveals he's chosen next Federal Reserve chair as affordability crisis tests economic agenda. Decision comes amid rising costs and voter doubts.
Kevin Hassett says he would be ‘happy to serve’ if chosen as next Fed chair
Kevin Hassett signals willingness to serve as Federal Reserve chair if chosen by Trump, citing positive market response and potential new Fed direction ahead.
Traders bet big on Fed rate cut as December odds soar above 80% on prediction markets
Prediction markets Kalshi and Polymarket show a more than 80% probability of a 25-basis-point Federal Reserve interest rate cut at the central bank's Dec. 9-10 policy meeting.
Recent college grads are losing their edge in the job market, study shows
The unemployment gap between college and high school graduates has reached its lowest level in decades, according to a new report from the Cleveland Fed.
Bessent wraps up Fed chair interviews as Trump’s decision expected before Christmas
Treasury Secretary Scott Bessent completes Fed chair interviews, narrowing candidates to a shortlist for President Donald Trump's review. The decision is expected by Christmas.