Sonya Chung, who assumed the role in 2023, is leaving after just over two years. No reason was given for her departure.
Category: Appointments and Executive Changes
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Trump’s War With Powell Throws a Little-Known Planning Board Into Scrutiny
The National Capital Planning Commission has become pivotal in the administration’s campaign to discredit Jerome H. Powell, the chairman of the Federal Reserve.
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Trump’s Withering Criticism of Powell Puts Fed Decisions Under Microscope
The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.
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Will Investors Ever Believe Trump’s Threats Against Powell?
President Trump has become more hostile to the Federal Reserve’s chair. Markets aren’t worried yet, but some on Wall Street are getting more concerned.
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Trump Wants Lower Rates. Firing Powell Could Push Them Higher.
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.
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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.