News list for "Reserve chairperson"
The Treasury secretary questioned the 11 candidates for Fed chair for up to two hours, but he diverged from Mr. Trump on the Fed's agenda, with Mr. Trump focusing on interest rate cuts and Mr. Bescent on the balance sheet and the side effects of QE.
The US CPI data has reached a new high since January, and the number of initial applicants has surged to a nearly four-year high! Besant plans to add candidates for the Federal Reserve Chair, and the European Central Bank sees December as the next opportunity to cut interest rates... What major events happened around the world last night and this morning?
According to the Wall Street Journal, U.S. Treasury Secretary Vincent will begin interviews with candidates for Federal Reserve Chair on Friday.
Treasury Secretary Scott Bessent said Wednesday that there are 11 "strong candidates" vying for the Fed chairpersonship and that he would begin vetting and selecting them next month. The list of candidates includes Lorie Logan, the president of the Dallas Fed, and James Bullard, the former president of the St. Louis Fed.
According to Bloomberg, economist Marc Sumerlin, who is seen as a potential candidate for the Federal Reserve chairperson, said policymakers should cut interest rates sharply next month, but also warned that if long-term Treasury yields rise, they will have to stop cutting rates. Sumerlin is an economist at management consulting firm Evenflow Macro. Marc Sumerlin said the 4.3% federal funds rate is too high, and there is 50 basis points to cut interest rates. Because the curve is inverted, it su...
US Democratic Senator Warren: The candidate for Federal Reserve chair should not come from the Trump administration.
Dallas Fed President Lorie Logan, a member of the 2026 FOMC voting committee, urged policymakers to be cautious in the coming months, reiterating that falling inflation would not necessarily prompt further rate cuts. Logan said at a moderated discussion in Palm Desert, California, on Friday: "Even if we get better data and it does look like [inflation] is closer to 2 percent, I think...
Federal Reserve Chairperson Powell said that bitcoin is digital gold, and bitcoin is not currently replacing the U.S. dollar, but a strong competitor to gold. In response, Binance co-founder CZ said that Powell's views on bitcoin are improving gradually.
Federal Reserve Chairperson Jerome Powell acknowledged that the CPI reading was higher than almost all forecasts, but he cautioned against overreacting, saying officials wanted to maintain restrictive policy for now. Click to view...
Federal Reserve Chairperson Jerome Powell said that even if the Department of Government Efficiency cuts spending by $1 trillion, it's hard to tell how that will affect the economy.
