Sen. Warren calls for greater transparency into Federal Reserve nominee's financial holdings
Read full article: Sen. Warren calls for greater transparency into Federal Reserve nominee's financial holdingsPresident Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee.
Prosecutors sought access to Federal Reserve building as Trump threatens to fire Powell
Read full article: Prosecutors sought access to Federal Reserve building as Trump threatens to fire PowellFederal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit.
Prosecutor conceded lack of criminal evidence in Federal Reserve investigation, transcript shows
Read full article: Prosecutor conceded lack of criminal evidence in Federal Reserve investigation, transcript showsNewly released court records indicate the Justice Department's investigation of a $2.5 billion renovation project at the Federal Reserve didn’t find any evidence of a crime before a judge quashed government subpoenas, dealing a severe blow to the probe.
Fed keeps key rate unchanged as Powell vows to stay until DOJ investigation is finished
Read full article: Fed keeps key rate unchanged as Powell vows to stay until DOJ investigation is finishedThe Federal Reserve kept its key interest rate unchanged Wednesday and Chair Jerome Powell highlighted the increasingly uncertain outlook for the U.S. economy and inflation in the wake of the Iran war, suggesting the Fed could stand pat for an extended period.
White House formally nominates Warsh to be Federal Reserve chair
Read full article: White House formally nominates Warsh to be Federal Reserve chairThe Trump administration has formally nominated Kevin Warsh, a former top Federal Reserve official, to be next Fed chair when Jerome Powell’s term ends in two months.
GOP senator says he's open to compromise on Trump’s nominee to chair the Federal Reserve
Read full article: GOP senator says he's open to compromise on Trump’s nominee to chair the Federal ReserveRepublican Sen. Thom Tillis from North Carolina suggests he could support a compromise that would allow the Senate Banking Committee to start hearings on Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve.
Bessent says it would be up to Trump whether to sue his Fed nominee over interest rates
Read full article: Bessent says it would be up to Trump whether to sue his Fed nominee over interest ratesTreasury Secretary Scott Bessent says it would be up to the president to decide whether to sue Kevin Warsh, Donald Trump's nominee for Federal Reserve chair, if he doesn't lower interest rates.
Warsh's challenge: Navigating Fed independence and Trump's demands
Read full article: Warsh's challenge: Navigating Fed independence and Trump's demandsKevin Warsh has sought the job of Federal Reserve chair, off and on, since President Donald Trump first considered him for the position nearly a decade ago.
The Latest: DOJ opens a federal civil rights probe into Alex Pretti’s death in Minneapolis
Read full article: The Latest: DOJ opens a federal civil rights probe into Alex Pretti’s death in MinneapolisThe Justice Department has opened a federal civil rights probe into the death of Alex Pretti, the Minneapolis resident killed Saturday by Border Patrol officers, according to federal officials.
Trump's choice of Warsh to lead Fed could reshape the world's most influential central bank
Read full article: Trump's choice of Warsh to lead Fed could reshape the world's most influential central bankPresident Donald Trump’s nomination of Kevin Warsh to chair the Federal Reserve could bring about sweeping changes at a central bank that dominates the global economy and markets like no other.
US stocks fall while a break in gold fever sends metals prices screeching lower
Read full article: US stocks fall while a break in gold fever sends metals prices screeching lowerStocks closed lower on Wall Street while gold and silver prices plunged as investors tried to gauge what President Donald Trump’s new nominee to lead the Federal Reserve will mean for interest rates going forward.
Trump says he wants to keep Hassett in White House, clouding Fed chair selection
Read full article: Trump says he wants to keep Hassett in White House, clouding Fed chair selectionPresident Donald Trump on Friday said he would like to keep his top economic adviser, Kevin Hassett, at the White House rather than potentially nominate him to replace Jerome Powell as chair of the Federal Reserve.
Trump administration narrows list of potential Federal Reserve chairs to 5
Read full article: Trump administration narrows list of potential Federal Reserve chairs to 5Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.
The Latest: House committee issues subpoenas for Epstein files, depositions with Clintons and others
Read full article: The Latest: House committee issues subpoenas for Epstein files, depositions with Clintons and othersThe House Oversight Committee has subpoenaed the Department of Justice for files in the sex trafficking investigation into Jeffrey Epstein, part of a congressional probe that lawmakers believe may show links to President Donald Trump and other former top officials.
Federal Reserve's Waller says central bank should cut rates at next meeting
Read full article: Federal Reserve's Waller says central bank should cut rates at next meetingA top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.
Federal Reserve likely to defy Trump, keep rates unchanged this week
Read full article: Federal Reserve likely to defy Trump, keep rates unchanged this weekThe Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs.
Federal Reserve expected to stand pat on rates even as Trump demands cuts
Read full article: Federal Reserve expected to stand pat on rates even as Trump demands cutsThe Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.