Jerome H. Powell : la rencontre qui retient son souffle

Jerome H. Powell en Sweden fait l'actualité ce jeudi. Selon Fortune, Federal Reserve Chair Jerome Powell announced Wednesday he will remain on the Fed’s Board of Governors after his term as chair ends May 15, citing what he called “unprecedented” legal attacks on the central bank’s independence by the Trump administration.

Les faits

• Federal Reserve Chair Jerome Powell announced Wednesday he will remain on the Fed’s Board of Governors after his term as chair ends May 15, citing what he called “unprecedented” legal attacks on the central bank’s independence by the Trump administration.
• In what may have been Chair Jerome Powell's final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold the benchmark funds rate in a range between 3.5%-3.75%.
• Jerome Powell’s term as Fed chair is winding down (though he’ll stay on as a governor for a bit), and it’s a good moment to take stock.
• His time leading the Federal Reserve ends on 15 May and was marked by frequent attacks from President Trump, who wanted lower interest rates.
• The meeting likely was the last with Chair Jerome Powell at the helm.

L'essentiel

CNBC indique que In what may have been Chair Jerome Powell's final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold the benchmark funds rate in a range between 3.5%-3.75%. D'après BBC News, Jerome Powell’s term as Fed chair is winding down (though he’ll stay on as a governor for a bit), and it’s a good moment to take stock. Comme le souligne BBC News, his time leading the Federal Reserve ends on 15 May and was marked by frequent attacks from President Trump, who wanted lower interest rates. Selon CNBC, the meeting likely was the last with Chair Jerome Powell at the helm.

Les chiffres

CNBC indique que In a term generally marked by consensus building and few dissents, Chair Powell concludes his term with 4 dissents," Brent Schutte, chief investment officer at Northwestern Mutual, wrote in an email. D'après CNBC, the full Senate is widely expected to follow suit, setting up the Fed's first leadership change since Powell took over in 2018. Comme le souligne CNBC, If the matter isn't resolved and Powell's stays on it would mark the first time a sitting chair didn't leave the Board of Governors since Marriner Eccles in 1948. Selon Fortune, Powell did not specify how long he would stay, saying only that he would remain until “this investigation is well and truly over, with transparency and finality.” He can technically remain a governor until January 2028.

Ce qu'ils disent

“And the things that have happened in the last three months, they have left me no choice but to stay until I see them through, at least that long,” he continued. (Fortune) “The tradition is at the Fed that governors understand how difficult the role of chair is,” he said. “You try to be heard, but also collaborate with the chair and support the chair when you can.” (Fortune)

Le contexte

Selon Fortune, Powell said he’ll step down when the DOJ’s investigation is “well and truly over,” with no threats of revival. Fortune indique que Powell’s announcement followed the Fed’s decision Wednesday to hold the Federal funds rate steady in a range of 3.5% to 3.75% for a third consecutive meeting, with four officials dissenting. D'après BBC News, as Powell has put it, the backdrop itself has changed: “It’s been very challenging — a supply shock world. Comme le souligne BBC News, And it’s what led Donald Trump to brand Powell “too late,” alongside pressure over the Fed’s independence as he pushed for faster cuts.

Recherches associées

Les recherches associées qui dominent la conversation : Powell restera gouverneur après son mandat et gardera un profil bas • La Fed maintient ses taux, Powell s’efface mais reste en embuscade • Jerome Powell entend siéger comme gouverneur à la Fed après son mandat de président - Radio • La Fed maintient ses taux, Jérôme Powell annonce qu'il restera au conseil • Taux de la Fed : suivez la conférence de presse de Jerome Powell en direct • Fed : «C’est ma dernière conférence de presse comme président», déclare Jerome Powell, qui félicite son successeur.

À retenir

• His time leading the Federal Reserve ends on 15 May and was marked by frequent attacks from President Trump, who wanted lower interest rates.
• The meeting likely was the last with Chair Jerome Powell at the helm.
• The full Senate is widely expected to follow suit, setting up the Fed's first leadership change since Powell took over in 2018.
• Recherches qui explosent : Powell restera gouverneur après son mandat et gardera un profil bas, La Fed maintient ses taux, Powell s’efface mais reste en embuscade, Jerome Powell entend siéger comme gouverneur à la Fed après son mandat de président - Radio, La Fed maintient ses taux, Jérôme Powell annonce qu'il restera au conseil.