NY Fed Chief John Williams Claims Powell Can Remain Chair After Term Expires
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.

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.

A federal judge has quashed two Justice Department subpoenas targeting the Federal Reserve, the Wall Street Journal reported Friday, delivering a significant legal victory to the central bank and a serious setback to the criminal probe that U.S. Attorney Jeanine Pirro had opened into Fed Chair Jerome Powell.

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.

Warsh’s most fundamental critique of the Federal Reserve targets the Fed’s devotion to economic models that consistently fail to predict reality.

The most consequential feature of Kevin Warsh’s view of the Federal Reserve is his focus on balance sheet reduction.

The nomination of Kevin Warsh to chair the Federal Reserve has prompted concerns from friends and foes of President Trump’s economic agenda.

This week culminated in the nomination of a former Bush White House economic official to succeed Jerome Powell as Fed chair.

Trump taps Former Fed Governor to Succeed Current Chair in May
