Fed, Trump and Jerome Powell
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Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.
Christopher Waller, a potential contender to be the next chair of the central bank, said the Federal Reserve should not wait for the labor market to weaken to reduce interest rates.
San Francisco Federal Reserve President Mary Daly reiterated on Thursday it is "reasonable" to expect two interest rate cuts before the end of this year, particularly with the impact of President Donald Trump's tariffs looking more muted than originally expected.
While Trump may be denying reports he will fire Powell, reports tell a different story. Here's what Tennesseans need to know about Powell and the Fed.
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Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade barriers are likely to spark more inflation in the months ahead. Speaking at a housing conference in Washington,
One Fed paper found LLMs have a surprisingly good understanding of the economic topics discussed in the Fed’s minutes, while another looked at using machine learning to forecast financial crises, Cook said.
The Bernanke digression is useful as a way of vivifying Bagehot’s words. Bernanke wasn’t going to let political affiliation get in the way of the ultimate prize for economists, Chairman of the Federal Reserve.