Politics May 15 Watch 7:44 Jerome Powell's impact and legacy at the Federal Reserve Jerome Powell’s eight-year role leading the Federal Reserve is over. His term will be remembered as one of the most turbulent and politically charged in the central bank’s history. William Brangham discussed Powell’s impact and legacy with Jason Furman. By William Brangham, Karina Cuevas
Politics Apr 29 Watch 5:26 Powell says he will stay on Fed board after chair term ends, addressing Trump's attacks The Federal Reserve is transitioning to new leadership. Kevin Warsh, Trump’s pick for Fed chair, was confirmed by a Senate committee today, clearing the way for a full Senate vote. Jerome Powell said he’ll step aside when his term as… By Amna Nawaz, Jackson Hudgins
Politics Apr 29 WATCH: Committee sends Kevin Warsh's nomination for Fed chair to full Senate vote The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a long-time target of President Trump’s insults for not cutting borrowing costs as far as… By Christopher Rugaber, Associated Press
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… By Christopher Rugaber, Associated Press
Apr 21 Watch 8:58 Fed nominee Warsh questioned on independence from Trump and personal wealth By Amna Nawaz, Jackson Hudgins, Azhar Merchant President Trump’s pick to lead the Federal Reserve, Kevin Warsh, was on Capitol Hill facing a slew of lawmaker questions on his monetary policy and independence from Trump. But the president’s pressure campaign against Jerome Powell threatens to freeze Warsh’s… Continue watching
Apr 21 WATCH: Kevin Warsh testifies in Senate Banking confirmation hearing for Fed chair By Christopher Rugaber, Associated Press 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. Continue reading
Apr 15 As Trump threatened to fire Powell, federal prosecutors showed up unannounced at the Federal Reserve building By Paul Wiseman, Michael Kunzelman, Associated Press Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro’s office were turned away on Tuesday by a building contractor and referred to Fed attorneys, according to someone familiar with the visit. Continue reading
Apr 14 U.S. wholesale prices surged 4% last month during the Iran war By Paul Wiseman, Associated Press The surge in prices complicates the work of the inflation fighters at the Federal Reserve, who have faced intense pressure from President Donald Trump to lower their benchmark interest rate. But some Fed policymakers are inclined to raise rates instead,… Continue reading
Apr 10 Soaring gas prices leads to biggest monthly inflation spike in four years in March By Christopher Rugaber, Associated Press It’s the first read on inflation to capture the effects of the Iran war. Continue reading