Federal Reserve chairman

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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: Powell 'Must' Lower Interest Rates

President piles on the pressure following ADP report

(Newser) - President Trump demanded Federal Reserve Chairman Jerome Powell cut interest rates on Wednesday after payroll processing firm ADP reported its lowest private-sector jobs number since March 2023. Payrolls increased 37,000 in May, far below the Dow Jones forecast for 110,000, per CNBC . "'Too Late' Powell must...

Warren Calls Fed Chair a 'Dangerous Man'

She tells Jerome Powell she will oppose his renomination

(Newser) - Sen. Elizabeth Warren addressed what she called the "elephant in the room" at a Senate Banking Committee hearing Tuesday—the question of whether Jerome Powell will be renominated as Federal Reserve chair. The Democrat told Powell that she considers him a "dangerous man" who has weakened the country'...

Here's Another Shortage Caused by the Pandemic

Reduced coin production, lack of circulation leads to rationing for banks

(Newser) - For the nation, the answer to "Got any change?" has become more complicated. There are coins around, though fewer than before the pandemic, and they're not necessarily in circulation. "With the partial closure of the economy, the flow of funds through the economy has stopped," Federal...

Janet Yellen: US Economy Still Needs Fed's Help
 Janet Yellen: 
 US Economy 
 Still Needs 
 Fed's Help 
confirmation hearing
Nov 14, 2013 9:20 AM CST

Janet Yellen: US Economy Still Needs Fed's Help

Fed nominee is testifying before Senate Banking Committee

(Newser) - Janet Yellen said today that the US economy has regained ground lost to the Great Recession but still needs the Federal Reserve's support because unemployment remains too high at 7.3%. Yellen is testifying this morning to the Senate Banking Committee, which is considering her nomination to be the...

Finally: A Woman to Lead the Fed
 Finally: A Woman 
 to Lead the Fed 
OPINION
Oct 10, 2013 1:05 PM CDT

Finally: A Woman to Lead the Fed

Janet Yellen 'a role model': John Cassidy

(Newser) - Janet Yellen will be the first female head of the Federal Reserve—indeed, "the first woman to head a central bank in any big Western nation" if you don't count Russia, writes John Cassidy in the New Yorker . And that certainly matters, as it may not surprise you...

Summers Pulls Out of Fed Race

Larry Summers pulls name out of consideration for Fed Chairman

(Newser) - Larry Summers has withdrawn his name from the contest to replace Ben Bernanke as chairman of the Federal Reserve, reports the Wall Street Journal . "I have reluctantly concluded that any possible confirmation process for me would be acrimonious and would not serve the interest of the Federal Reserve, the...

Larry Summers Next Fed Chief? Not If His Critics Can Help It

It's mostly a race between him and Fed vice chairwoman Janet Yellen

(Newser) - Larry Summers or Janet Yellen. If you're a weird hybrid of wonk and gambler, you already know those two are the heavy favorites to replace Ben Bernanke as Fed chief in January. Expect to hear much more as decision time nears for President Obama, especially because an influential hodgepodge...

Fed Panel Split Over Bernanke's Low Rates Policy

It's the most a chairman has faced in 19 years

(Newser) - Ben Bernanke's Tuesday announcement that the Fed is prepared to keep short-term interest rates close to zero for at least two more years is facing internal revolt from the Federal Open Market Committee, the 12-member committee of Fed presidents and governors that sets monetary policy, reports the Wall Street ...

Shut Up, Alan Greenspan
 Shut Up, Alan Greenspan 
OPINION
Aug 3, 2010 1:37 PM CDT

Shut Up, Alan Greenspan

Ex-Fed chairman can't get anything right

(Newser) - Former fed chairman Alan Greenspan warned this weekend that the US is headed for a double-dip recession, which might be frightening news, if we didn’t have a conflicting opinion—from former Fed chairman Alan Greenspan! Just 4 months ago, Greenspan said odds of a double-dip recession had fallen drastically....

Larry Summers Will Be Gone by Year's End
Larry Summers Will Be Gone
by Year's End
ANALYSIS
Apr 6, 2010 8:34 PM CDT

Larry Summers Will Be Gone by Year's End

Adviser irked that Geithner, not he, has Obama's ear

(Newser) - Economics guru Larry Summers will be out the Obama administration by November’s election, or shortly thereafter, Joshua Green contends —mainly out of frustration that Treasury Secretary Timothy Geithner, and not he, has become President Obama’s go-to adviser in that area. Blogging for the Atlantic, Green notes that,...

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