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'If My Successor Is Not...': Jerome Powell Stuns Trump During Fed Meeting 2026 I US News
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March 18, 2026
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48:46Now PlayingUS News: A dramatic moment unfolds as Federal Reserve Chair Jerome Powell delivers a stunning message during the March 2026 FOMC meeting, drawing attention amid rising tensions with Donald Trump and growing economic uncertainty.
Following a two-day meeting, the U.S. Federal Reserve held interest rates steady at 3.5%–3.75% for the second consecutive time, in line with market expectations as the economy faces pressure from the ongoing U.S.-Iran war and volatile oil prices.
Speaking to the media, Powell addressed not only the Fed’s policy direction but also his own future, stating he would serve as Chair pro-tem if his successor is not confirmed, signaling potential uncertainty at the top of the central bank.
The decision comes as the Fed balances slowing growth, persistent inflation, and a stable labor market, with officials slightly raising their 2026 growth outlook to 2.4% while also increasing inflation projections to 2.7%.
The meeting marked the first since the Iran war began, adding further complexity to monetary policy decisions as global instability impacts markets.
Meanwhile, Powell also acknowledged an ongoing Justice Department probe into Fed renovation costs, adding another layer of scrutiny to his leadership.
FOMC Key Highlights:
- Interest rates held steady at 3.5%–3.75% (11-1 vote)
- One rate cut expected in 2026 and 2027
- Growth outlook raised to 2.4% for 2026
- Inflation forecast increased to 2.7%
- Unemployment projection steady at 4.4%
- No signals of rate hikes this year
Powell on Leadership:
- Says he will serve as Chair pro-tem if successor not confirmed
- Decision pending on continuing another term as Governor
- Faces DOJ probe over Fed renovation costs
As economic and political pressures mount, Powell’s remarks could have far-reaching implications for U.S. monetary policy, markets, and leadership at the Federal Reserve
#usnews #jeromepowell #trump #america #federalreserve
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