Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.
Category: Appointments and Executive Changes
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Trump Has Penned Letter To Fire Fed Chair Jerome Powell
The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.
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Jamie Dimon Backs Jerome Powell Over Trump in Fed Fight
The C.E.O. of JPMorgan Chase, who has rarely taken on President Trump during his second term, wades into the argument over the Federal Reserve chair.
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Another Woman Designer Gets a Big Brand
Meryll Rogge takes over at Marni, halting a backward trend.
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Google Hires Top A.I. Leaders From Windsurf, Which OpenAI Was Courting
In a $2.4 billion deal, Google recruited the chief executive and a co-founder of Windsurf, which OpenAI had been in talks to buy, as the battle to dominate artificial intelligence escalates.
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Trump’s Push for Influence Over Fed Decisions May Hobble Next Chair
The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has already raised doubts about their credibility.
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Bessent Steps Up Criticism of Fed as Auditions for Chair Intensify
The Treasury secretary is breaking with tradition in publicly assailing the central bank’s policies as President Trump looks for its next leader.
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The New New Celine: Michael Rider Subverts the Status Quo
Oversize jackets, men’s leggings and a lot of gold chains: Michael Rider’s debut subverted the wardrobe status quo.
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Anna Wintour Cedes Vogue Editor in Chief Title But Will Retain Editorial Control
American Vogue will create a new role, “head of editorial content,” beneath Ms. Wintour, who is giving up her editor in chief title. She’s not leaving, though.
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Investors on Edge About a Potential Shadow Fed Chair
Traders have moved on a report that President Trump is again weighing a shake-up at the central bank that could undermine market confidence.
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Powell Reiterates Fed’s Wait-and-See Approach Before Cutting Rates
The Fed chair will tell lawmakers that the central bank can wait to see how President Trump’s tariffs affect the economy before lowering borrowing costs.