The Latest Breaking News from Jerome Powell

“It will be difficult for Powell to send a credibly hawkish signal at the press conference,” analysts at Bank of America said in a note.

Market expectations for next year's Federal Reserve policy have quietly shifted in recent weeks, and the tone has grown noticeably more dovish.

“The question then becomes, will Powell leave as a governor?”

Kevin Hassett has emerged as the leading candidate to replace Federal Reserve Chair Jerome Powell, signaling a potential shift toward sharply easier monetary policy next year.

The dollar index (DXY00 ) on Monday fell to a 2-week low and finished down by -0.05%. The yen’s strength is weighing on the dollar on Monday after BOJ Governor Ueda signaled a possible interest rate hike at this month’s policy meeting. Also, Monday’s weaker-than-expected Nov US ISM manufacturing index...

“If you’d asked me a year ago, I would have said I think Kevin would be a good pick. I wouldn’t say that today. Kevin has been incredibly dishonest.”

With Powell’s Fed term ending, Trump readies a new chair. Analysts eye Kevin Hassett and fear a “shadow chairman” could reshape U.S. monetary policy.

The dollar index (DXY00 ) today is down by -0.33% at a 2-week low. The yen's strength is weighing on the dollar today after BOJ Governor Ueda signaled a possible interest rate hike at this month's policy meeting. Also, today's weaker-than-expected Nov US ISM manufacturing index is bearish for the...

Kevin Hassett, the National Economic Council (NEC) Director, addressed the speculation about his potential nomination as the next Federal Reserve Chair by President Donald Trump.