Powell, White House and Federal Reserve
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Trump administration official Bill Pulte released a statement suggesting that Fed Chair Jerome Powell is considering resigning amid mounting pressure on his leadership.
Mr. Pollock is a Senior Fellow at the Mises Institute, the author of 'Finance and Philosophy--Why We’re Always Surprised' and co-author of 'Surprised Again! The Covid Crisis and the New Market Bubble.'
Anna Paulson will become president of the Federal Reserve Bank of Philadelphia on July 1. She replaces Pat Harker.
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Warsh is a visiting fellow at the Hoover Institution and on the short list of candidates to be the next chairman of the Federal Reserve.
“The board just sits there and watches, so they are equally to blame,” Trump said. The attack on the board ratchets up pressure on individual Fed officials, such as Governor Chris Waller, who have been mentioned as potential successors to Powell, whose term ends in May 2026.
Steady job growth and slightly elevated inflation rates indicate that the Fed will avoid rate cuts for now despite Trump’s demands.
The Fed prioritizes shrinking its balance sheet over rate cuts to fight inflation. See why its disciplined approach supports growth, jobs, and long-term stability.
Russell Vought, President Trump's top budget adviser, took questions Friday morning as the White House ramps up pressure on the Federal Reserve to lower rates. Vought said Federal Reserve Chairman Jerome Powell,