Trump says he’d love to fire Powell, urges Bessent to ‘work on’ him to lower rates

Trump says he’d love to fire Powell, urges Bessent to ‘work on’ him to lower rates

President Donald Trump on Wednesday said he would love to fire Federal Reserve Chair Jerome Powell, but suggested that Treasury Secretary Scott Bessent is holding him back. “[I’ll] be honest, I’d love to fire his ass,” Trump said of Powell at the U.S. Saudi Investment Forum in Washington, D.C. Trump urged Bessent to “work on” … Read more

Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts

Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts

Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty Images Federal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in … Read more

Boston Fed President Collins advocates holding rates steady, sees ‘high bar’ for further cuts

Boston Fed President Collins advocates holding rates steady, sees ‘high bar’ for further cuts

Susan Collins, president and chief executive officer of the Federal Reserve Bank of Boston, during a Bloomberg Television interview at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 22, 2025. David Paul Morris | Bloomberg | Getty Images Boston Federal Reserve President Susan Collins on Wednesday … Read more