Fed, Powell and interest rates
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Kevin Hassett continues to be the top candidate to replace Jerome Powell as Federal Reserve chair, with the president expected to make a decision in the coming weeks.
The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months, a move that could attract ire from President Trump,
The final U.S. Federal Reserve meeting of the year this week precedes a turbulent 2026 that will see key policymaker changes, including the arrival of a new leader to be named by President Donald Trump,
Federal Reserve Chair Jerome Powell is set to speak today at Stanford event but will not make any comments on monetary policy ahead of FOMC.
The Federal Reserve cut interest rates by a quarter of a percentage point, seeking to steady a softening labor market.
Investors will have the opportunity to hear Powell speak before the final FOMC meeting of the year, which takes place next week.
Federal Reserve Chair Jerome Powell said Tuesday the central bank is in a “challenging situation” with an ongoing risk of faster-than-expected inflation at the same time that weak job growth has raised concern about the health of the labor market.
Powell has been idolized by the Left for one reason: He's been a thorn in the side of President Donald Trump for years. If Trump says "ying," Powell says "yang." Last week, Powell finally lowered the federal funds rate, and better late than never.