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JPMorgan's Jamie Dimon Supports Kevin Warsh for Federal Reserve Chair

JPMorgan's Jamie Dimon Supports Kevin Warsh for Federal Reserve Chair

Jamie Dimon, CEO of JPMorgan, has expressed support for Kevin Warsh, a former Federal Reserve Governor, as the next chair of the U.S. central bank. This endorsement comes amid President Trump's consideration of Warsh and National Economic Council Director Kevin Hassett for the position. Dimon noted that Hassett might be more inclined to cut interest rates in the short term. The remarks were made during a private conference for asset management CEOs in New York. President Trump has been critical of the current Fed Chair, Jerome Powell, for not implementing more aggressive rate cuts.
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President Trump Considers Candidates for Federal Reserve Chair Amid Economic Concerns

President Trump Considers Candidates for Federal Reserve Chair Amid Economic Concerns

President Donald Trump is preparing to select a new chairman for the Federal Reserve, a decision that carries significant implications for U.S. monetary policy. Trump has expressed dissatisfaction with his previous choice, Jerome Powell, whose term ends in May 2026. Trump is considering candidates such as former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett, both of whom align with his preference for lower interest rates. The Federal Reserve, an independent agency, plays a crucial role in setting interest rates that affect lending across the nation. Trump's decision is anticipated to influence the direction of U.S. economic policy, particularly in terms of interest rate adjustments.
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Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Trump's Economic Agenda

Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Trump's Economic Agenda

Kevin Hassett is reportedly the leading candidate to succeed Jerome Powell as the chairman of the Federal Reserve, according to sources close to the nomination process. President Trump is considering Hassett, who is known for his support of Trump's economic policies, particularly the push for lower short-term interest rates. Despite concerns from Wall Street and corporate executives about Hassett's potential impact on financial markets, he remains a favorite due to his alignment with Trump's agenda. The Federal Reserve, designed to be semi-independent, faces scrutiny as the president's choice could influence monetary policy significantly.
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Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Economic Policy Debates

Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Economic Policy Debates

Kevin Hassett Emerges as Frontrunner for Federal Reserve Chair Amid Economic Policy Debates
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US stocks rise after the Fed cuts rates and hopes build for more

US stocks rise after the Fed cuts rates and hopes build for more

The U.S. stock market neared its all-time high after the Federal Reserve cut its main interest rate to bolster the job market, and hopes strengthened for more cuts to come in 2026
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Federal Reserve cuts key rate, sees healthier economy next year

Federal Reserve cuts key rate, sees healthier economy next year

The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months
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Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds

Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds

By Howard Schneider WASHINGTON, Dec 10 (Reuters) - The U.S.
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Wall Street flirts with its all-time high after the Fed cuts rates to help the job market

Wall Street flirts with its all-time high after the Fed cuts rates to help the job market

The U.S. stock market is flirting with its all-time high after the Federal Reserve cut its main interest rate to bolster the job market
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Federal Reserve's Potential Hawkish Stance Could Impact Stock Market

Federal Reserve's Potential Hawkish Stance Could Impact Stock Market

Federal Reserve's Potential Hawkish Stance Could Impact Stock Market
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U.S. central bankers split, with median seeing one rate cut in 2026

U.S. central bankers split, with median seeing one rate cut in 2026

Dec 10 (Reuters) - A majority of U.S. central bankers believe they will need to cut short-term interest rates next year, but are widely split over how much, with a large group opposed to any cuts at all and three penciling in a rate hike.
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Divided Fed cuts rates as expected, but sees only one reduction in 2026

Divided Fed cuts rates as expected, but sees only one reduction in 2026

NEW YORK, Dec 10 (Reuters) - The Federal Reserve cut interest rates on Wednesday in another divided vote, but signaled it will likely pause further reductions in borrowing costs as officials look for clearer signals about the direction of the job market and inflation that "remains somewhat elevated.
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Tumbling tech stocks drag Wall Street from its all-time highs

Tumbling tech stocks drag Wall Street from its all-time highs

More drops for superstars that had earlier soared in Wall Street’s frenzy around artificial-intelligence technology are dragging the U.S. stock market lower