Powell, Jerome H

• Trump Gets to Pick a New Fed Chair but a Divided Board Still Gets a Say - President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.
• At Fed Meeting, Interest Rate Cut Expected Amid Divisions - The central bank is poised to lower interest rates on Wednesday even as a growing chorus of officials urge caution.
• Fed Pick Puts Pressure on Bessent to Deliver for Trump - Treasury Secretary Scott Bessent, who is leading the search for the next Federal Reserve chair, could face President Trump’s wrath if the person chosen does not quickly lower interest rates.