The Trump administration will focus its attention on finding a replacement for Jerome Powell, the current Federal Reserve chairman, after Labor Day.
Sanziana Georgescu
International
sursa foto: Yuri Gripas - Pool via CNP / DPA / Profimedia
Always see our news on Google
US Treasury Secretary Scott Bessent has announced that the Trump administration will search for a replacement for Jerome Powell, criticized by the president. Although interest rate decisions are the Fed's, Bessent warned that a possible interest rate cut could be larger if not acted on quickly. Unemployment is low and inflation is above the 2% target. Bessent noted that tariffs imposed by Trump have not led to inflation, and markets have recovered quickly. A formal decision on Powell's successor could be announced in September.
Sources
Latest News
17:44
A EU-funded project will test 11 natural solutions for protecting Mediterranean agriculture and forests from drought and fires.
17:39
Oradea has developed the first unified regulation for the access of pets in public and private spaces
17:29
EU opens the competition for up to seven gigafactories of artificial intelligence and investments of over 30 billion euros
17:26
Energy market operators propose transitioning European intraday auctions to a more precise calculation of available capacity between states.
17:13
Airbus was fined £6.4 million in the United Kingdom for violating sensitive technology export regulations.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
