new video loaded: How Trump Could Gain Control of the Fed By Ben Casselman, Melanie Bencosme, June Kim, Gabriel Blanco and Jon Hazell•August 28, 2025 President Trump’s attempt to fire Lisa Cook has laid bare the erosion of the Federal Reserve’s independence, which could lead to economic consequences for Americans, The New York Times’s chief…
Analysts suggest that domestic equity markets may respond positively to signals of a possible US Federal Reserve rate reduction. (AI image) Indian equity benchmark indices, Nifty50 and BSE Sensex, are expected to see a gap-up opening on Monday after US Federal Reserve chairman Jerome Powell indicated that the central bank may cut rates in its…
The battle over the independence of the US Federal Reserve has intensified, with President Donald Trump openly calling for the resignation of a governor, threatening to fire Chair Jerome Powell, and repeatedly pressuring the central bank to cut interest rates. The escalating confrontation has revived a long-running debate over why the Fed has historically been…
In an era when global economic leadership is often defined by degrees in finance, economics, or business administration, Jerome Powell stands out for taking a different academic path. Long before he became the face of the United States Federal Reserve, Powell studied politics at Princeton University, an academic decision that continues to draw attention, especially…
US President Donald Trump took aim at Federal Reserve Chair Jerome Powell during a rare visit to the central bank’s headquarters on Thursday, criticising the ballooning cost the historic buildings and renewed his demand for lower interest rates.During his visit to the Federal Reserve’s Washington site, just days before a key policy meeting, Donald Trump…
US President Donald Trump on Tuesday escalated his attacks on Federal Reserve Chair Jerome Powell, labelling him a “numbskull” and predicting his departure in eight months, even though Powell’s term officially ends in May 2026. “I think he’s done a bad job, but he’s going to be out pretty soon anyway. In eight months, he’ll…
US Treasury Secretary Scott Bessent on Monday called for the Federal Reserve to launch an exhaustive internal review of its non-monetary operations, warning that the central bank’s growing institutional sprawl risks undermining its independence and credibility in managing monetary policy. In an interview with CNBC, Bessent said the Fed’s core monetary function is “a jewel…
US President Donald Trump blasted The Wall Street Journal‘s report that claimed Treasury Secretary Scott Bessent had privately advised him against firing Federal Reserve Chair Jerome Powell. In a lengthy post on Truth Social on Sunday, Trump criticised the report, calling it “typically untruthful” and insisted that no one had to tell him about the…
US President Donald Trump said on Wednesday that he does not plan to fire Federal Reserve Chair Jerome Powell, but refused to rule it out entirely, escalating a long-running feud with the head of the central bank despite market turbulence and political pushback. A Bloomberg report earlier Wednesday that the president is likely to fire…
US President Donald Trump said on Wednesday that he is not currently planning to remove Federal Reserve Chair Jerome Powell, though he sharply criticised the central bank chief’s performance.“He’s doing a lousy job but no, I’m not talking about that,” Trump told reporters when asked if he was considering Powell’s dismissal, AFP reported. However, he…