Christopher Waller, a Trump-appointed Federal Reserve Governor, is emerging as a potential replacement for Jerome Powell amid ongoing friction between the latter and Donald Trump.

Trump said he had named Stephen Miran, the chair of the White House’s Council of Economic Advisers, to fill a seat vacated by governor Adriana Kugler, a Biden appointee who is stepping down on Friday.

Mr Miran would also benefit Mr Trump as a policymaker who supports his push to cut interest rates. Read more at ...

J.P.Morgan now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing ...

Markets were likely to react most favorably should Trump nominate Waller to Powell's job, several investors said. Waller, an advocate for an immediate interest rate cut, said last month he would ...

The US Dollar (USD) strengthens against the Pound Sterling (GBP) after Federal Reserve (Fed) Governor Christopher Waller has reportedly emerged as the top contender to succeed embattled Fed Chair ...

The US stock markets ended on a mixed note after a strong opening on Wednesday. The Dow Jones dropped by 525 points from its ...

Data by the US Department of Labour (DOL) on Thursday showed that the Initial Jobless Claims for the week ending August 2 ...

The president said that Miran, who will need to be confirmed by the US Senate, would only serve the expiring term of Fed ...

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S&P 500 turned negative after Bloomberg reported Thursday that Fed Governor Christopher Waller has emerged as a leading candidate to replace Fed chairman Jerome Powell, though downside was kept in ...

President Donald Trump said Thursday that he is appointing his economic adviser Stephen Miran to be Federal Reserve governor, filling a position vacated by Adriana Kugler when she unexpectedly ...