Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was reappointed by Obama and sworn in on June 16, 2014, for a term that expires on Jan. 31, 2028.
Trump's remarks come five days before the Fed's first policy meeting to be held during his administration - on Jan. 28 and 29 - with very broad expectations officials will leave rates unchanged.
The president has begun a pressure campaign on the Fed to lower interest rates faster, despite ongoing inflation concerns.
The Federal Reserve’s first meeting of 2025 this week may throw a wrench into the stock-market rally just as investors worry President Donald Trump’s potentially inflationary policies could complicate
Investors looking ahead to next week's Federal Reserve policy meeting shouldn't expect any big revelations on interest rates from the central bank's Chair Jerome Powell, according to Molly Brooks, U.S.
Donald Trump is demanding lower interest rates as soon as possible. He is likely to be disappointed, and an old foe will feel the brunt of his displeasure.
In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
"I think I know interest rates much better than they do, and I think I know it certainly much better than the one who's primarily in charge of making that decision," Trump says
Since inflation in the United States is still excessive, most Federal Reserve officials expect to raise interest rates further this year this year, Chair Jerome ... Powell about the central bank ...
Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest rates.
The Federal Reserve is expected to maintain interest rates at 425-450 basis points on January 29, supporting a continued stock market rally. Read more here.
President Trump said if oil prices come down he'll demand lower interest rates immediately, adds he knows rates 'much better' than Fed officials