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
22:52
Dan Neculăescu supports human oversight of artificial intelligence and clear rules against abusive use
22:29
The U.S. Federal Reserve decided to maintain the benchmark interest rate at 3.75%-4%, despite persistent high inflation
22:14
Diana Stoica accuses PSD and AUR of blocking the Finance Minister’s hearing in Parliament
22:02
Cristela Georgescu accuses the proceedings in Călin Georgescu’s case of irregularities following the extension of his pretrial detention
21:54
Eurostat: Real per capita income rose by 0.1% in the EU in the second quarter of 2026, while the saving rate fell
See more news
NEWS ON THE SAME TOPICS
International
Donald Trump claims that the Fed raised interest rates to harm him politically: “They are very politicized”
International
The U.S. Federal Reserve raises its policy interest rate to 3.75%-4% and anticipates another increase by the end of the year
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
