Jan 30 What economic experts think about Trump's choice of Kevin Warsh for Fed chair By Hannah Grabenstein Experts appear to view Warsh’s nomination with “cautious relief,” said Mark Gertler, a professor of economics at New York University. Continue reading
Jan 30 Trump names Kevin Warsh, former Federal Reserve official, as next Fed chair to replace Powell By Christopher Rugaber, Associated Press President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a decision likely to result in sharp changes to the powerful agency that could bring it closer… Continue reading
Jan 29 Trump says he'll announce Federal Reserve chair pick next week By Associated Press President Donald Trump said his pick will do a "good job" and that he wants the Fed to cut rates when there are signs of economic growth. Continue reading
Jan 27 WATCH: Powell holds news conference after Federal Reserve leaves interest rate unchanged By Christopher Rugaber, Associated Press The central bank said in a statement that there are signs the job market has stabilized while it also said growth was “solid,” an upgrade from last month’s characterization as “modest.”… Continue reading
Jan 21 Watch Supreme Court hears case on Trump's attempt to control Federal Reserve By Ali Schmitz The Supreme Court heard arguments in a legal battle centered on President Trump’s efforts to fire a Federal Reserve governor. The case comes as Trump has moved to exert greater control over the Fed. Ali Rogin discussed more with News… Continue watching
Jan 20 LISTEN: Supreme Court case on Trump's attempt to fire Federal Reserve board member Lisa Cook By Mark Sherman, Associated Press The Supreme Court on Wednesday seemed inclined to keep Federal Reserve governor Lisa Cook in her job, casting doubt on President Donald Trump’s bid to wrest control of the nation's central bank. Continue reading
Jan 14 GOP senators break with Trump on these 2 points By Lisa Desjardins There's been important pushback from some Republicans in Congress. Their numbers are not large, but the GOP lawmakers who are breaking with the president are doing so, unmistakably, in two key areas. Continue reading
Jan 13 Stop attacking the Fed and credit card industry, Wall Street executives warn Trump By Ken Sweet, Associated Press Wall Street has generally benefited from the Trump administration’s policies and has been supportive of the president. That relationship has suddenly soured. Continue reading
Jan 13 Inflation cooled slightly in December but remains above Fed's target By Christopher Rugaber, Associated Press Many economists had expected inflation to jump last month as the government resumed normal data collection after the six-week shutdown last fall, so the modest increases that matched the November figures came as a relief. Continue reading
Jan 13 Top central bankers back Fed chair Powell with 'full solidarity' in clash with Trump By David McHugh, Associated Press Central bankers from around the world said Tuesday they “stand in full solidarity” with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the Fed with the Justice Department investigating and threatening criminal charges. Continue reading