In September, Trump said his top three candidates were Hassett, former Fed official Kevin Warsh, and current governor Christopher Waller.

Global markets rose on hopes of a Federal Reserve rate cut and as investor optimism over artificial intelligence returns. U.S. markets are closed Thursday for the Thanksgiving holiday

The reported frontrunner to take over as Federal Reserve chair in May has a recent track record of advocating for the central bank lowering interest rates.

What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn inflation or weak hiring represent a bigger threat.

Investors have largely been focused on the likelihood of a December rate cut from the Federal Reserve, as well as the chances of further easing in 2026. But there's another move by the central bank that may be on the way in January.

President Trump has a list of five finalists to replace outgoing Fed Chair Jerome Powell. Here's a look at each one.

Sharp swings in financial markets have left investors reeling in recent weeks, as questions about a potential artificial intelligence (AI) bubble collide with uncertainty surrounding the Federal

Adriana Kugler, a former governor on the Federal Reserve board who suddenly stepped down from her role, violated the bank’s trading rules, a report said.