US Federal Reserve

Fed names Powell chair pro tempore until Warsh sworn in

Mr Jerome Powell’s four-year term as chair ended on May 15 and the US Senate confirmed Mr Kevin Warsh (right) earlier this week to be the next Fed leader.

S&P 500, Nasdaq boosted by chips to record closing highs

A trader working on the floor of the New York Stock Exchange, in New York City.

Kevin Warsh confirmed as Fed chair as central bank faces Trump assault

Mr Kevin Warsh being sworn in at his Senate nomination hearing in April 2026.

Senate confirms Kevin Warsh to Fed board; chair vote likely on May 13

Mr Kevin Warsh - US President Donald Trump's nominee to be next chair of the US Federal Reserve - attending his Senate Banking Committee confirmation hearing on April 21.

Strong US jobs data complicates any Warsh push for lower rates

The US economy added 115,000 jobs in April - exceeding analysts’ forecasts.

Powell decides to stay on Fed board, igniting new Trump insult

Mr Powell said that while his term was ending May 15, he would exercise his right to remain on the board “for a period of time to be determined.”

While You Were Sleeping: 5 stories you might have missed, April 30, 2026

US Defense Secretary Pete Hegseth testifies on April 29 during a House Armed Services Committee hearing on Capitol Hill in Washington DC.

Powell to bow out as Fed chief but stay as a governor on legal pressure

Federal Reserve chair Jerome Powell said the attacks were putting at risk the institution's ability to conduct monetary policy without taking into consideration political factors.

US Fed holds interest rates steady amid sharp divide over policy easing bias

In a shift from previous language, the Fed noted rising concerns about inflation, due in part to the recent rise in energy prices.

US Fed chair Jerome Powell, who stood up to Trump, set to finish tenure on top

US Federal Reserve Chair Jerome Powell took helm in 2018 and has received praise and criticism during his tenure as he maintained the central bank's independence.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.