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. 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 ...
President Donald Trump's nomination of Kevin Warsh to replace Federal Reserve Chair Jerome Powell had been effectively blocked because of the investigation.
DOJ ends Powell probe, boost for Trump’s Fed pick Warsh - CNBC
President Trump would love to be finally rid of Fed Chair Jerome Powell. But firing him would kick up a legal firestorm and roil financial markets, experts said.
Why Jerome Powell — not Trump — will decide when the ... - CBS News
Will Powell stay or go? Fed chair may reveal next steps after meeting Wednesday The Federal Reserve will meet this week ahead of a looming leadership transition that remains fuzzy, and Wednesday’s news conference will be closely watched for any clarification
Will Powell stay or go? Fed chair may reveal next steps after meeting ...
The Department of Justice has dropped its criminal investigation into the Federal Reserve and its chair, Jerome Powell.