Evidence is piling up of a weakening labor market that could dampen an otherwise sanguine U.S. economic outlook this year while also paving the way for more interest rate cuts. This week saw a raft of jobs-related data — none of it good: Private hiring was nearly flat in January, according to ADP , which … Read more
Kevin Hassett, the National Economic Council director once considered a clear front-runner to be named the next Federal Reserve chair, said Friday he is fine with continuing in his current role. Fresh off President Donald Trump’s announcement that former Fed Governor Kevin Warsh will be the new chair, Hassett told CNBC that he was not … Read more
Rick Rieder, BlackRock’s senior managing director, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC BlackRock fixed income chief Rick Rieder’s star is rising as a potential Federal Reserve chair following flattering remarks Wednesday from President Donald Trump. In a CNBC interview, Trump called Rieder “very … Read more
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve in Washington, Dec. 10, 2025. Chip Somodevilla | Getty Images News | Getty Images The saga over President Donald Trump’s efforts to reshape the Federal Reserve has another twist to it, revolving over whether … Read more
After months of speculation and political intrigue, President Donald Trump is close to nominating the next chair of the Federal Reserve, Treasury Secretary Scott Bessent said Tuesday. The president has whittled down the field to four candidates to succeed current Chair Jerome Powell and a decision is forthcoming, Bessent told CNBC during an interview at … Read more
Chicago Federal Reserve President Austan Goolsbee expressed caution Thursday about recent attacks on the central bank and Chair Jerome Powell, saying they could adversely affect inflation. “Anything that’s infringing or attacking the independence of the central bank is a mess,” Goolsbee said during a CNBC “Squawk Box” interview. “You’re going to get inflation come roaring … Read more
President Donald Trump will face an important obstacle — from within his own party — as he seeks to replace Federal Reserve Chair Jerome Powell. Sen. Thom Tillis, R-N.C., said Sunday he will block any Trump appointees to the central bank, including for the new chair, in light of revelations over the weekend that the … Read more
U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth. … Read more
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee at the U.S. Federal Reserve in Washington, Dec. 10, 2025. Kevin Lamarque | Reuters The Federal Reserve heads into 2026 facing a slew of political and policy challenges, headlined by a new chair and an … Read more
WASHINGTON – The Federal Reserve on Tuesday released minutes from its highly divisive meeting earlier this month, which concluded with a vote to lower interest rates again that appeared to be an even closer call than the final vote indicated. Officials expressed a variety of opinions during the Dec. 9-10 meeting, according to the summary … Read more