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Under Powell, the Federal Reserve has navigated the economic impact of the COVID-19 pandemic, the 2021–2023 inflation surge, and global trade instability. His tenure saw a broad uplift in financial markets apart from two stock markets declines in 2020 and in 2022. WASHINGTON (AP) — President Donald Trump has for months wanted to remove Jerome Powell as chair of the Federal Reserve.
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But instead, an investigation by one of his own officials could end up extending Powell’s time at the top of the central bank even after his term formally ends May 15. Powell says he will remain Federal Reserve chair if Kevin Warsh isn't ... Treasury's Bessent and Fed's Powell reportedly called a flash meeting with Wall Street bank heads to warn of cybersecurity risks from Anthropic's AI. Bessent, Powell warn Wall Street leaders of Anthropic AI risks, report ...
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Powell also left the door open to remaining on the board even if the probe ends and Trump's nominee to succeed him as chair, economist Kevin Warsh, is confirmed by the Senate. Powell has 'no intention of leaving' the Fed until Trump's DOJ probe is ... A criminal investigation of Federal Reserve Chair Jerome Powell has ratcheted up an extraordinary clash between the White House and the nation’s top central banker. The probe appears to center on Powell’s testimony to Congress last year about cost overruns in a multi-billion-dollar office renovation project.