Economy Apr 28 WATCH: Powell says he plans to stay at Fed after chair term ends amid legal attacks by the Trump administration “I worry these attacks are battering this institution and putting at risk the things that really matter to the public,” Jerome Powell said in fairly candid remarks at a press conference after the Fed announced its decision to keep its…
Politics Apr 24 Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh confirmation The decision ends an investigation, one of several undertaken by the Justice Department into President Donald Trump’s perceived adversaries, that for months had failed to gain traction as prosecutors struggled to articulate a basis to suspect criminal conduct.
Politics Apr 21 WATCH: Kevin Warsh testifies in Senate Banking confirmation hearing for Fed chair President Donald Trump’s nominee to chair the Federal Reserve said Tuesday that he never promised the White House that he would cut interest rates, even as the president renewed his calls for the central bank to do so.
Economy Apr 10 Soaring gas prices leads to biggest monthly inflation spike in four years in March It’s the first read on inflation to capture the effects of the Iran war.
Economy Apr 06 Top Fed official sees potential rate hike amid higher gas prices, inflation concerns A top Federal Reserve official said Monday that an interest rate hike could be appropriate if inflation remains persistently above the central bank's 2% target, the latest sign that some policymakers are moving away from a bias toward reducing borrowing costs.
Economy Mar 24 Chances of Fed cutting interest rates fade as inflation worsens With inflation measures likely to rise in the coming months, the prospect of interest rate cuts this year by the Federal Reserve is fading.
Nation Mar 22 Trump touted bigger tax refunds, but higher gas prices are likely to eat them up The large jump in tax refunds from President Donald Trump’s tax cut legislation was meant to boost the U.S. economy, but surging gas prices are on track to eat them up, leaving Americans with little extra to spend.
Politics Mar 19 Justice Department probe of Powell could backfire on Trump and keep Fed chair in office President Donald Trump has for months wanted to remove Jerome Powell as chair of the Federal Reserve. But instead, an investigation by one of his own officials could end up extending Powell's time at the top of the central bank even after his term…
Economy Mar 18 WATCH: Fed Chair Powell holds news briefing after interest rate left unchanged Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on growth, but they still expect to cut their key rate once in 2026.
Politics Mar 13 WATCH: Pirro blasts judge blocking Justice Department subpoenas to Federal Reserve in Powell probe A federal judge on Friday quashed Justice Department subpoenas issued to the Federal Reserve in January, a severe blow to an investigation that has already attracted strong criticism on Capitol Hill.