US EditionDollar hits 3-year low on report Donald Trump could pick next Federal Reserve chair early
- President Donald Trump is reportedly considering naming Jerome Powell's successor as Federal Reserve chair as early as September or October 2025.
- This move follows Trump's ongoing criticism of Powell for not cutting interest rates and coincides with rising concerns about the Fed's future independence.
- Reports identify candidates including former Fed governor Kevin Warsh and Treasury Secretary Scott Bessent, who expressed willingness to serve if appointed by Trump.
- The dollar slid to a fresh 3-1/2-year low against major currencies after news of Trump's plans, with Kit Juckes noting markets price in a more Trump-sympathetic Fed chair.
- This development could pressure the Fed to lower interest rates and risks shaking confidence in its independence, which investors view as vital for controlling inflation.
99 Articles
99 Articles
Global Markets Soar Amid Dollar's Decline
Global Markets Soar Amid Dollar's Decline Global shares soared to their third consecutive record high as the U.S. dollar fell to a three-year low, reflecting market unease about the Federal Reserve's autonomy.The dollar index dropped 0.43% during the session, marking a 10% fall this year, its steepest first-half decline since currencies began free-floating in the 1970s. Major U.S. indices, including the S&P 500 and Nasdaq, approached new heights…
Trump could manipulate Fed with early 'backseat driver' nomination: WSJ
According to White House insiders, Donald Trump could jump the gun and nominate his choice to replace Federal Reserve Chairman Jerome Powell months earlier than is traditional which could have a huge impact on financial markets and proposed interest rate changes.In an exclusive report from the Wall Street Journal, the president already has his eye on several candidates and could make an announcement at any time, almost 11 months before Powell's …
One of Donald Trump’s favorite pastimes in economic matters is to attack the president of the Federal Reserve (Fed), who is amused to call “Jerome Powell’s lateness,” for his resistance to lower interest rates, despite Trump’s insistent pressures. In another demonstration of his proverbial impatience with those who oppose him, the US president is shuffled, according to The Wall Street Journal, to announce in September or October, if not earlier …
Daily Journal
US stocks rise, dollar slides as Trump eyes new Fed boss
US stock markets rose and the dollar slid Thursday as President Donald Trump lined up candidates to succeed Federal Reserve boss Jerome Powell, fuelling bets of cuts to US interest
ABC FOX Montana
Dollar slides as Trump eyes new Fed boss
The dollar hit a three-year low on Thursday as President Donald Trump eyed candidates to succeed Federal Reserve boss Jerome Powell, fuelling bets of cuts to US interest rates.
The U.S. stock rose on Thursday amid growing bets on future interest rate cuts.This dynamic intensified as former President Donald Trump seemed to approach appointing his replacement for Federal Reserve President Jerome Powell.The Nasdaq Composite (^IXIC) rose by about 0.3%. The S&P 500 (^GSPC), on the other hand, increased by about 0.4%, with its first record closure since February in sight. Meanwhile, the Dow Jones Industrial Average (^DJI) al…
Coverage Details
Bias Distribution
- 53% of the sources are Center
To view factuality data please Upgrade to Premium
