Fed, Donald Trump
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The Trump administration has formally begun the search for a successor to Federal Reserve Chair Jerome Powell, whose term ends in 2026. Treasury Secretary Scott Bessent confirmed the process is underway,
The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
JPMorgan Chase CEO Jamie Dimon went to bat Tuesday for the Federal Reserve and its chair, Jerome Powell, as the White House pondered ousting him over disagreements about the path of short-term
Brent crude futures fell 5 cents to $69.16 a barrel, while U.S. West Texas Intermediate crude futures declined 9 cents to $66.89 a barrel. Both contracts settled more than $1 lower in the previous session.
CNBC's "Closing Bell" team discusses what to expect from upcoming bank earnings with Stephen Biggar, director of financial services research at Argus Research.