Powell Will Stay as Fed Chair Until Successor Is Confirmed

Jerome Powell speaks at a press conference, addressing reporters about his decision to remain as Chair of the Federal Reserve until a successor is confirmed.

The Federal Reserve plays a crucial role in shaping monetary policy, and the transition to new leadership can have significant implications for economic stability and market confidence. Powell’s tenure has been marked by efforts to combat inflation and navigate the economic challenges posed by the COVID-19 pandemic. His decision to stay on will likely provide … Read more

Stephen Miran Resigns From White House as Fed Term Stretches On

Stephen Miran is seen leaving the White House, where he served as a key economic advisor, following the announcement of his resignation amid ongoing economic challenges.

The resignation was made public on October 15, 2023, and has raised questions about the administration’s economic strategy moving forward. Miran, who played a significant role in advising on monetary policy, has been with the White House since early 2021. His exit is seen as a potential setback for the administration as it seeks to … Read more