The former Fed nominee wants a wholesale rethink of how the central bank should model interest rates.
Judy Shelton, U.S. President Donald Trump's nominee for governor of the Federal Reserve, smiles during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Shelton, a former economic adviser to Trump's campaign, has challenged whether the institution should regulate the value of money and whether its mandate, as set by Congress. Photographer: Andrew Harrer/Bloomberg
The dollar typically strengthens in times of economic or geopolitical strife, but in 2026 much of the uncertainty and political turmoil is coming from inside the US – and President Donald Trump has given a thumbs-up to the resulting plunge in the greenback. The dollar has dropped 9% overall against a basket of world currencies over the last year, and in January fell to its weakest level since March 2022. And the downward pressures don’t appear to be going away.
The dollar typically strengthens in times of economic or geopolitical strife, but in 2026 much of the uncertainty and political turmoil is coming from inside the US – and President Donald Trump has given a thumbs-up to the resulting plunge in the greenback. The dollar has dropped 9% overall against a basket of world currencies over the last year, and in January fell to its weakest level since March 2022. And the downward pressures don’t appear to be going away.
The dollar typically strengthens in times of economic or geopolitical strife, but in 2026 much of the uncertainty and political turmoil is coming from inside the US – and President Donald Trump has given a thumbs-up to the resulting plunge in the greenback. The dollar has dropped 9% overall against a basket of world currencies over the last year, and in January fell to its weakest level since March 2022. And the downward pressures don’t appear to be going away.
The dollar typically strengthens in times of economic or geopolitical strife, but in 2026 much of the uncertainty and political turmoil is coming from inside the US – and President Donald Trump has given a thumbs-up to the resulting plunge in the greenback. The dollar has dropped 9% overall against a basket of world currencies over the last year, and in January fell to its weakest level since March 2022. And the downward pressures don’t appear to be going away.
Before his new Federal Reserve chief can even begin pushing for interest-rate cuts, President Donald Trump may have to give up on punishing the old one.
Before his new Federal Reserve chief can even begin pushing for interest-rate cuts, President Donald Trump may have to give up on punishing the old one.
Before his new Federal Reserve chief can even begin pushing for interest-rate cuts, President Donald Trump may have to give up on punishing the old one.
Before his new Federal Reserve chief can even begin pushing for interest-rate cuts, President Donald Trump may have to give up on punishing the old one.
The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair, according to people familiar with the matter.
The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair, according to people familiar with the matter.
Kevin Warsh Photographer: David Paul Morris/Bloomberg
Rick Rieder’s Wall Street bona fides and openness to making changes at the Federal Reserve have bolstered his candidacy for the central bank’s top job, according to people familiar with the White House deliberations.
Rick Rieder’s Wall Street bona fides and openness to making changes at the Federal Reserve have bolstered his candidacy for the central bank’s top job, according to people familiar with the White House deliberations.
Rick Rieder’s Wall Street bona fides and openness to making changes at the Federal Reserve have bolstered his candidacy for the central bank’s top job, according to people familiar with the White House deliberations.
Rick Rieder’s Wall Street bona fides and openness to making changes at the Federal Reserve have bolstered his candidacy for the central bank’s top job, according to people familiar with the White House deliberations.
US Treasury Secretary Scott Bessent cautioned European nations against ramping up their military presence on Greenland and assailed France over calls to conduct a NATO exercise as European leaders brace for President Donald Trump’s arrival at Davos.
US Treasury Secretary Scott Bessent cautioned European nations against ramping up their military presence on Greenland and assailed France over calls to conduct a NATO exercise as European leaders brace for President Donald Trump’s arrival at Davos.
Danish soldiers disembark in Nuuk, Greenland, on Jan. 18. Photographer: Mads Claus Rasmussen/AFP/Getty Images
President Donald Trump’s search for a new Federal Reserve chair is becoming a hunt for an elusive unicorn candidate as blowback from his attacks on the central bank complicates the decision.
President Donald Trump’s search for a new Federal Reserve chair is becoming a hunt for an elusive unicorn candidate as blowback from his attacks on the central bank complicates the decision.
US President Donald Trump speaks to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Friday, Jan. 16, 2026. Trump threatened fresh tariffs on goods from nations that oppose his push to take control of Greenland, stepping up his rhetoric while Denmark hosted US lawmakers on its home turf following meetings in Washington this week.
Donald Trump’s top economic advisers sought to downplay the risk of a US invasion of Greenland at the World Economic Forum in Davos, even as the president himself pledged to push forward with the idea of acquiring the Danish island.
Donald Trump’s top economic advisers sought to downplay the risk of a US invasion of Greenland at the World Economic Forum in Davos, even as the president himself pledged to push forward with the idea of acquiring the Danish island.
US Treasury Secretary Scott Bessent said President Donald Trump could announce his pick for the next Federal Reserve chair as soon as next week, amid intense anticipation over the White House’s search for a new central-bank chief.
US Treasury Secretary Scott Bessent said President Donald Trump could announce his pick for the next Federal Reserve chair as soon as next week, amid intense anticipation over the White House’s search for a new central-bank chief.
Scott Bessent at the USA House on Jan. 20. Photographer: Markus Schreiber/AP Photo
The candidacy of BlackRock’s Rick Rieder to be the next Federal Reserve chair has gained late momentum, people familiar with the matter say, as President Donald Trump weighs congressional blowback in his bid to put a friendlier face at the head of the central bank.
The candidacy of BlackRock’s Rick Rieder to be the next Federal Reserve chair has gained late momentum, people familiar with the matter say, as President Donald Trump weighs congressional blowback in his bid to put a friendlier face at the head of the central bank.
Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, is interviewed on the floor of the New York Stock Exchange on Jan. 12, 2026.
The candidacy of BlackRock’s Rick Rieder to be the next Federal Reserve chair has gained late momentum, people familiar with the matter say, as President Donald Trump weighs congressional blowback in his bid to put a friendlier face at the head of the central bank.
The candidacy of BlackRock’s Rick Rieder to be the next Federal Reserve chair has gained late momentum, people familiar with the matter say, as President Donald Trump weighs congressional blowback in his bid to put a friendlier face at the head of the central bank.
Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, is interviewed on the floor of the New York Stock Exchange on Jan. 12, 2026.
The Trump administration’s latest attack on the Federal Reserve has stoked expectations that Jerome Powell will stay on the Board of Governors after his term as chair ends in May — setting up the optics of a rival center of influence inside the world’s most powerful central bank, even if Powell doesn’t want it.
The Trump administration’s latest attack on the Federal Reserve has stoked expectations that Jerome Powell will stay on the Board of Governors after his term as chair ends in May — setting up the optics of a rival center of influence inside the world’s most powerful central bank, even if Powell doesn’t want it.
The Trump administration’s latest attack on the Federal Reserve has stoked expectations that Jerome Powell will stay on the Board of Governors after his term as chair ends in May — setting up the optics of a rival center of influence inside the world’s most powerful central bank, even if Powell doesn’t want it.
The Trump administration’s latest attack on the Federal Reserve has stoked expectations that Jerome Powell will stay on the Board of Governors after his term as chair ends in May — setting up the optics of a rival center of influence inside the world’s most powerful central bank, even if Powell doesn’t want it.
For the first time, Jerome Powell responded defiantly to the president’s attacks, and the administration is now worried about its plans to replace the Fed chair
For the first time, Jerome Powell responded defiantly to the president’s attacks, and the administration is now worried about its plans to replace the Fed chair
Federal Housing Finance Agency Director Bill Pulte was a driving force behind the Trump administration’s decision to subpoena the Federal Reserve, according to people familiar with the matter, intensifying pressure on the central bank as President Donald Trump prepares to pick a new Fed chief.
Federal Housing Finance Agency Director Bill Pulte was a driving force behind the Trump administration’s decision to subpoena the Federal Reserve, according to people familiar with the matter, intensifying pressure on the central bank as President Donald Trump prepares to pick a new Fed chief.
The White House excluded Director of National Intelligence Tulsi Gabbard from months of planning to oust Nicolas Maduro because her previous opposition to military action in Venezuela cast doubt on her willingness to support the operation, people familiar with the matter said.
The White House excluded Director of National Intelligence Tulsi Gabbard from months of planning to oust Nicolas Maduro because her previous opposition to military action in Venezuela cast doubt on her willingness to support the operation, people familiar with the matter said.
FBI Director Kash Patel, Director of National Intelligence Tulsi Gabbard, and Central Intelligence Agency Director John Ratcliffe during a Senate Committee on Intelligence Hearing in Washington on March 25.
White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.
White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.
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