Treasury Secretary Scott Bessent said a “formal process” to find a successor for Fed Chair Jerome Powell has already started. Bloomberg Surveillance “There’s been a lot of talk of a shadow Fed chair ...

U.S President Donald Trump makes his case in support of rate cuts by Federal Reserve amid the backdrop of U.S. Treasury Secretary Scott Bessent confirming the process of finding successor to Fed Chair ...

Excluding the volatile food and energy categories, core inflation increased 2.9% in June from a year earlier, up from 2.8% in May. On a monthly basis, it picked up 0.2% from May to June. Economists ...

Jerome Powell has been the Federal Reserve Chair since February 2018. Trump nominated Powell in 2017, but now calls for him ...

The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor." ...

Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.

The US central bank is grappling with housing issues on three fronts: inflation, rate policy, and its own headquarters.

(Reuters) -JPMorgan Chase CEO Jamie Dimon said on Tuesday the independence of the Federal Reserve is "absolutely critical".