Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was reappointed by Obama and sworn in on June 16, 2014, for a term that expires on Jan. 31, 2028.

Key Takeaways The Federal Reserve's policy-setting body began its two-day meeting Tuesday.The U.S. central bankers convene for the first time this year after the economy ended 2024 with stable employment and stubborn inflation.

A January rate hold is all but certain, but the Federal Reserve chair's first speech during Trump's second presidency could still hold clues on inflation concerns.

US Federal Reserve has a dual mandate to act independently and keep inflation and employment in check, primarily by raising and lowering short-term interest rates

The president has begun a pressure campaign on the Fed to lower interest rates faster, despite ongoing inflation concerns.

Would someone please ask Federal Reserve Chair Jerome Powell when he plans to stop shrinking the central bank's balance sheet? That's an item that Bret Barker, co-head of global rates at TCW, said he'd like to hear more about during Powell's press briefing Wednesday.

Investors looking ahead to next week's Federal Reserve policy meeting shouldn't expect any big revelations on interest rates from the central bank's Chair Jerome Powell, according to Molly Brooks, U.S.

Regarding the current Fed rates, Trump has said that he seeks to lower interest rates by unleashing energy production and would speak to the US Federal Reserve if needed.

Earlier last year, many economists optimistically predicted that interest rates would dip below 6% in early 2025. But since Trump's reelection and the Fed's declaration of less frequent policy easing in 2025, the forecast for mortgage rates has shifted upward.

Longtime bullion investors have been evaluating whether to buy, sell, or hold in recent months. The change in leadership in Washington DC has prompted some searching as to the direction the markets.

The Federal Reserve is expected to keep its key interest rate unchanged this week, despite Donald Trump's calls for cuts.