Jerome Powell

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Jim Cramer: 'Only a Hack' Would Take Fed Post Now

CNBC host slams the Justice Department's investigation into Jerome Powell

(Newser) - Count CNBC's Jim Cramer as among those critical of the Justice Department's new criminal investigation of Fed chief Jerome Powell. "I think only a hack would want the job now," Cramer said on the network's Squawk on the Street show, reports the Hill . Cramer is...

Pirro Didn't Give Bosses a Heads Up Before Powell Move

Federal prosecutor in DC defends her controversial investigation

(Newser) - Jerome Powell isn't the only person under scrutiny because of the newly launched Justice Department investigation . The federal prosecutor who made the surprise move—former Fox News host Jeanine Pirro—is also very much in the spotlight. Coverage:
  • Pirro, the US attorney for DC since August , did not give
...

Treasury Chief Reportedly Sees Powell Inquiry as a 'Mess'

Scott Bessent said to be upset, while GOP Sen. Tim Scott, a key figure, remains silent

(Newser) - The Department of Justice's move against Fed chief Jerome Powell isn't getting much love, with prominent GOP senators and every living former Fed chief coming out against it. Even President Trump has distanced himself from the criminal investigation. Now Axios is reporting that another big name is angry...

DOJ's Criminal Probe of Fed Chair Not Going Over Well

GOP senators warn probe risks Fed independence, market stability, confirmations

(Newser) - Senate Republicans are lining up behind Jerome Powell, supporting the Fed chair in the face of a Justice Department probe . GOP senators are sharply questioning the criminal investigation into Powell's congressional testimony about renovation costs at the Fed's headquarters, warning it risks undermining the central bank's independence...

Former Federal Reserve Chiefs Warn About Powell Probe

Bernanke, Greenspan, and Yellen say inquiry imperils Fed autonomy and market stability

(Newser) - Every living former chair of the Federal Reserve has broken with tradition to warn that a Justice Department criminal probe of current Fed chief Jerome Powell could blow a hole in the central bank's independence. In a joint statement, former Fed leaders Ben Bernanke, Alan Greenspan, and Janet Yellen...

Move Against Fed's Powell Has Potential to Backfire
Fed's Powell Usually Held
His Fire. That's Over Now
the rundown
Jan 12, 2026 10:13 AM CST

Fed's Powell Usually Held His Fire. That's Over Now

Central bank chairman apparently wants this fight to play out in public

(Newser) - The financial world was in a wary mood on Monday over Federal Reserve chief Jerome Powell for two reasons: One was the unprecedented move by the Justice Department to launch a criminal investigation against him, and the second was Powell's unusually aggressive response. Coverage:
  • Trump: President Trump denied any
...

DOJ Opens Criminal Probe Into Jerome Powell

Fed chief says inquiry is pressure to lower interest rates

(Newser) - Federal Reserve chief Jerome Powell says the Justice Department has opened a criminal investigation into him, and he's framing it as a direct threat to the central bank's independence, the Washington Post reports. The probe centers on the Fed's costly renovation of its Washington headquarters and Powell'...

Trump Threatens Lawsuit Against Fed Chair
Trump Threatens
to Sue Fed Chair
Dec 30, 2025 1:00 AM CST

Trump Threatens to Sue Fed Chair

He once again accuses Jerome Powell of incompetence over building renovation costs

(Newser) - President Trump is again talking about taking Jerome Powell to court. The POTUS told reporters Monday he's "thinking about bringing a suit" against the Federal Reserve chair, accusing him of "gross incompetence" over renovation costs at the Fed's Washington headquarters, the Hill reports. "These aren'...

The Public Figure With Highest Approval May Be a Surprise
The Public Figure
With Highest
Approval May
Be a Surprise
in case you missed it
Dec 27, 2025 12:10 PM CST

The Public Figure With Highest Approval May Be a Surprise

Jerome Powell at 44% is ahead of all other political, economic, judicial leaders in Gallup poll

(Newser) - A year-end poll by Gallup finds that the nation is in a "gloomy" mood, as the polling outfit puts it. Worries about finances are driving that, and people apparently aren't too confident leaders will make things right. Nobody on a list of 13 political, economic, or judicial figures...

Divided Fed Cuts Rates Again
Divided Fed
Cuts Rates Again
Dec 10, 2025 1:11 PM CST

Divided Fed Cuts Rates Again

'Uncertainty about the economic outlook remains elevated,' central bank says

(Newser) - The Federal Reserve cut its key interest rate for the third time in a row on Wednesday, bringing it down another quarter-point to around 3.6%.
  • "Available indicators suggest that economic activity has been expanding at a moderate pace," the central bank said in a statement. "Job
...

Trump Threatens to Fire His 'Voice of Reason'

President tells Treasury Secretary Scott Bessent to get rates down, or else

(Newser) - President Trump has publicly warned Treasury Secretary Scott Bessent that his job is on the line if the Federal Reserve doesn't bring down interest rates soon. Speaking at a US-Saudi investment forum in Washington, Trump told Bessent, "If you don't get it fixed fast, I'm going...

Fed Officials Are Torn Over December Rate Cut

The lack of official data hasn't helped matters

(Newser) - A December interest rate cut that traders had viewed as a near-certainty no longer appears guaranteed. Federal Reserve officials are locked in a heated debate over whether to cut interest rates at their last meeting of the year, exposing a rare internal split over the central bank's next move,...

WH: There Probably Won't Be an Inflation Report Next Month

It would be first time in more than 7 decades, due to government shutdown

(Newser) - The government shutdown, now in its fourth week, likely means there won't be an inflation report next month for the first time in more than seven decades, the White House said Friday, leaving Wall Street and the Federal Reserve without crucial information about consumer prices. "Because surveyors cannot...

Trump's Fed Pick Confirmed Just Ahead of Meeting

Miran becomes first sitting White House official on central bank's board

(Newser) - The Senate on Monday confirmed Stephen Miran, President Trump's senior economic adviser , to the Federal Reserve board in a tight 48-47 vote that came just two weeks after the legislative body received the nomination—the second-quickest Fed confirmation in more than 25 years, the Wall Street Journal reports....

Powell Hints at Rate Cut, and Markets Surge

But Federal Reserve chief doesn't offer specifics in speech

(Newser) - Fed chief Jerome Powell signaled Friday that he's ready to cut interest rates in the near future, though he offered no specifics and plenty of caveats in a closely watched speech. Still, the comments were enough to send markets surging, with the Dow rising more than 700 points as...

Powell's Last Jackson Hole Speech Could Be a Big One

It's not clear whether Fed chief will 'stick to his guns' on economic restraint

(Newser) - Federal Reserve Chair Jerome Powell is set to take center stage at the Jackson Hole summit Friday morning, where his remarks could influence the course of financial markets and monetary policy for months to come. At 10am Eastern investors will be listening closely for any hint that the Fed...

Trump Threatens 'Major Lawsuit' Against Powell

President says Fed chair has done a 'horrible, and grossly incompetent, job' with renovation

(Newser) - President Trump is weighing a lawsuit against Federal Reserve Chair Jerome Powell over the Fed's costly renovation project, a move that would escalate a long-simmering feud. Trump floated the idea on Truth Social , saying he was "considering allowing a major lawsuit against Powell to proceed because of...

Trump Rules Out One Name to Replace Jerome Powell

Scott Bessent will be staying put at Treasury

(Newser) - It's been abundantly clear for some time that President Trump would like someone other than Jerome Powell in the Fed chair's, well, chair. But that person will not be Treasury Secretary Scott Bessent, reports Politico , and the decision was mutual. "I love Scott, but he wants to...

Trump Has an Unexpected Fed Governor Slot to Fill

Kugler's resignation gives him a chance to install his chosen successor to Powell early

(Newser) - Federal Reserve governor Adriana Kugler announced that she will step down next Friday, opening up a spot on the central bank's powerful seven-member board that President Trump will be able to fill. Kugler, who did not participate in the Fed's policy meeting earlier this week, would have completed...

Trump Wants Fed Board to Yank Control From Powell

And 'do what everyone knows has to be done!'

(Newser) - President Trump on Friday called for the Federal Reserve's board of governors to usurp the power of Fed Chair Jerome Powell, again criticizing the head of the US central bank for not cutting short-term interest rates . The Fed chair has been subjected to vicious verbal attacks by the Republican...

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