Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome Powell has already started — as the Trump administration ratchets up pressure ...

The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor." ...

JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve is 'absolutely critical' and that ...

Economists expect inflation to have risen 2.7% over the year ending in June, which would mark a notable acceleration from 2.4 ...

Kevin Hassett is toadying hard to win the president’s favor. But don’t count out Kevin Warsh or Scott Bessent just yet in ...

The 10-year Treasury yield edged lower on Tuesday after the core reading of June's consumer price index came in around where economists expected. The 10-year Treasury yield fell about three basis ...

Investor sentiment surged in July to its most bullish since February, driven by the biggest jump in profit optimism in five years and a record surge in risk appetite, Bank of America's latest global ...

Kevin Hassett, the White House's top economic adviser, is emerging as a leading contender to become the next chair of the Federal Reserve, according to people who have discussed the matter with White ...

He also said that countries that export goods to the U.S. are eating the tariff costs themselves instead of passing them on ...

Former Reagan economist Art Laffer said Monday on Fox Business’ “Kudlow” that Federal Reserve Chairman Jerome Powell’s ...

The Fed's $2.5 billion headquarters renovation is attracting mounting criticism from the Trump administration, which had been ...

The Federal Reserve is under fire from the Trump administration over a controversial renovation project at its Washington ...