Sunday on NBC’s “Meet the Press,” Sen. Thom Tillis (R-NC) said that he was “prepared to move on with the confirmation” of President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, now that the Trump administration has ended its criminal probe into current Fed Chairman Jerome Powell.
The Senate Banking Committee next week will vote to advance Kevin Warsh, President Donald Trump’s nominee to become Federal Reserve chairman.
We still do not definitively know when Kevin Warsh’s nomination will move forward, but a floor vote in the Senate prior to May 15—when the current Fed chair’s term expires—is no longer out of the question.
Will this be enough to free Kevin Warsh?
It is not clear who will run the Fed after the expiration of Powell’s term if the Senate has not confirmed Kevin Warsh.
Senator Thom Tillis appeared to directly contradict Jerome Powell’s claim that the DOJ’s investigation of the Fed’s renovation cost overruns is a pretext to pressure the Fed to lower interest rates.
The federal prosecutor running the investigation into cost overruns for a long-running renovation of the Federal Reserve’s headquarters says the inquiry will continue.
Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell called Wall Street executives to an emergency meeting at Treasury headquarters in Washington this week to address cybersecurity vulnerabilities posed by Anthropic’s latest “Mythos” AI model.
Powell’s term ends May 15. But he and NY Fed honcho John Williams are scheming to keep him in place if Kevin Warsh’s confirmation is delayed.
Fed Chair Jerome Powell said that the Fed is inclined to look past the energy shock stemming from the war in Iran.
Speaking to undergraduate economics students at Harvard University, Powell said the standard central-banking response to energy shocks is to wait them out rather than react with policy changes.
This week, we saw Jerome Powell insist that he can be Fed chairman forever or at least until his successor is confirmed, whichever comes first, we guess.
Jerome Powell can stay on the Federal Reserve board. He cannot stay as chairman. And on that question, the law does not give him the choice.
“I have no intention of leaving the board until the investigation is well and truly over with transparency and finality. I would refer you to the statement that was in the Fed’s brief that you all have seen. I won’t have anything more for you on that,” Powell said.
In the Fed’s modern history, the FOMC has always chosen the sitting Board chairman to be its chairman as well. Politics, however, has a habit of stress-testing assumptions.
This week culminated in the nomination of a former Bush White House economic official to succeed Jerome Powell as Fed chair.
President Donald Trump is set to announce his pick for chair of the Federal Reserve next week.
President Donald Trump on Thursday wrote that Federal Reserve Chairman Jerome Powell has refused to cut interest rates, which is hurting the American economy and costing the country hundreds of billions of dollars in interest expense.
The Federal Reserve held interest rates unchanged on Wednesday in a 10-2 vote, with officials pointing to signs of stabilization in the labor market as they signaled a pause in monetary easing.
The constitutional answer in the Trump v. Cook case isn’t an expansive judicial review of the president’s removal decisions. It’s trusting the Senate to do the job the framers assigned it.
The shot heard ’round the world was not fired by President Donald Trump but by Federal Reserve Chair Jerome Powell, who insisted he was merely defending his territory from an unwelcome intrusion of Justice Department interferers.
Jerome Powell’s decision to publicly attack the Trump administration could give President Trump the opportunity to appoint a leader of the Federal Reserve without Senate approval.
The chairs of a dozen European central banks responded to Powell’s declaration of war on the U.S. President by declaring “full solidarity”.
Jerome Powell has decided he is under assault from the Trump administration and has issued a declaration of war.
Powell claimed, without evidence, that the inquries into the renovations and his congressional testimony were merely “pretexts” for political interference in monetary policy.
A Trumpier Fed Isn’t An Inflation Threat The financial press has been trying its best for months to gin up a panic over the independence of the Federal Reserve. We’ve had a number of dress rehearsals for the supposed death
The Fed Will Cut Next Week The Federal Reserve is all but certain to cut interest rates by 25 basis points next week, bringing the federal funds rate down to a range of 3.5 to 3.75 percent. Markets are pricing
The man Trump calls a “stubborn ox” might prove stubborn enough to stick around when his term as Fed chairman expires, operating as a kind of monetary policy resistance leader for the next two years.
This week, the government finally revealed the September jobs data, and we learned about the mysterious resignation of yet another Fed official.
Sen. Bernie Moreno (R-OH) said at a Breitbart News policy event the experts have been “catastrophically wrong” on President Donald Trump’s tariffs.
President Donald Trump said Wednesday that he would “love to fire” Federal Reserve Chairman Jerome Powell, whom he has long criticized for what he sees as a failure to cut interest rates fast enough.
The Federal Reserve released research proving its own rate-holding decision was based on a theoretical mistake.
College degrees are not offering first-time job seekers the same opportunities they once did, according to new data.
Federal Reserve officials are sharply divided over how aggressively to cut interest rates, with some warning that the central bank risks falling dangerously behind in addressing a deteriorating labor market while others remain focused on stubborn inflation that has persisted well above target for more than four years.
Welcome to the inaugural Friday Wrap, our weekly survey of the economy, Wall Street, Silicon Valley, and the bureaucrats who pretend they can read the future by staring at spreadsheets.
For two years in a row, the cheerleaders of Bidenomics assured us that any discontent was in our heads—a trick of bad vibes and social media. It turns out the voters were right, and the official statistics were wrong.
The White House underscored that the Bureau of Labor Statistics’ (BLS) downward revisions of 911,000 jobs from April 2024 to March 2025 show the failures of the Biden administration, Federal Reserve Chair Jerome Powell, and the BLS itself.
Lisa Cook, whom President Donald Trump has sought to fire from her position as Federal Reserve governor over allegations of mortgage fraud, once said that economists could have caught the 2008 financial crisis earlier if they had paid attention to “mortgages that were pitched to African-Americans.”
This week saw a series of unprecedented events that may signal the end of the form of central bank independence as we have known it for more than a century.
Inflation held steady in July, with the Federal Reserve’s preferred price gauge showing a slight deceleration in cost pressures and defying predictions from Fed Chairman Jerome Powell that tariffs would push up consumer prices.
