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Jerome Powell

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Jerome Powell and Donald Trump have a tempestuous relationship.

‘Nobody knows’: Trump has left an old foe in the dark

Federal Reserve chair Jerome Powell has effectively acknowledged that the central bank hasn’t a clue what the impact of the Iran war might mean for the US economy.

  • Stephen Bartholomeusz

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Kevin Warsh has big plans for the Fed.

Trump’s new man could spark a financial meltdown

Donald Trump’s choice to lead the Federal Reserve has a big plan for the central bank. It comes with a lot of risk.

  • Stephen Bartholomeusz
In announcing his decision to choose Warsh, the president described him as “central casting”.

Trump’s hand-picked man may not do his bidding

On paper, the president’s choice to lead the Federal Reserve is an odd one.

  • Stephen Bartholomeusz
Kevin Warsh, former governor of the US Federal Reserve, during The Semafor World Economy Summit in Washington, DC, US, on Thursday, April 18, 2024. The International Monetary Fund inched up its expectations for global economic growth this year, citing strength in the US and some emerging markets, while warning the outlook remains cautious amid persistent inflation and geopolitical risks. Photographer: Samuel Corum/Bloomberg

Trump taps former Federal Reserve insider to replace Powell

Kevin Warsh, a confidant of the US president, looks poised to push many of Trump’s priorities as a “shadow” Fed chief until Powell’s tenure ends in mid-May.

  • Ann Saphir and Susan Heavey
President Donald Trump has been pushing for lower rates for months.

Trump will be seeing red as the Fed refuses to bow down

The president’s plot to bend the US central bank to his will is not going as he expected.

  • Stephen Bartholomeusz
Markets will be glued to what Jerome Powell says at his press conference, which starts at 6.30am AEDT.

‘Strongly committed’: Federal Reserve keeps rates on hold despite Trump pressure

Two officials with strong ties to Trump voted to cut rates, but the central bank stayed on hold.

  • Christopher Rugaber
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Donald Trump’s tariff policies have created uncertainty for the RBA and governor Michele Bullock.

Michele Bullock is standing her ground against Trump. Here’s why it matters

Donald Trump is trying to play God with interest rates. Central bankers are (rightly) coming after him.

  • Millie Muroi
Richard Nixon pressured his Federal Reserve chair to cut interest rates. It led to a recession and high inflation.

‘A moment of sheer nihilism’: Trump is running into a problem many political populists face

The legal battle launched by the US president against the head of America’s central bank threatens a repeat of the darkest days of Richard Nixon.

  • Shane Wright
RBA governor Michele Bullock has signalled her support for Fed chair Jerome Powell

Bullock joins top central bankers in expressing ‘full solidarity’ with Powell in clash with Trump

The US president has dramatically escalated his confrontation with the Federal Reserve with the Justice Department threatening criminal charges.

  • David McHugh
President Donald Trump and Federal Reserve chairman Jerome Powell toured the Fed’s office renovation in July.

Pacifist to pugilist: Why Trump’s move against the US Fed boss could backfire

Jerome Powell has had enough, and he is fighting back. The time for a biblical ‘Turning the other cheek’ is over.

  • Elizabeth Knight