Mar 13 WATCH: Pirro blasts judge blocking Justice Department subpoenas to Federal Reserve in Powell probe By Christopher Rugaber, Associated Press 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. Continue reading
Mar 11 Inflation held steady last month before attack on Iran sent energy costs soaring By Christopher Rugaber, Anne D'Innocenzio, Associated Press Wednesday’s data has been overtaken by the conflict that began when the U.S. and Israel attacked Iran on Feb. 28, which has caused wild gyrations in oil prices as shipping lanes through the Persian Gulf have suffered a rare shutdown. Continue reading
Mar 04 White House formally nominates Kevin Warsh to be next Federal Reserve chair By Christopher Rugaber, Associated Press Warsh's nomination, which was initially announced Jan. 30, was forwarded to the Senate Wednesday, where it will be taken up by the Senate Banking Committee. Continue reading
Feb 20 Inflation rose faster than expected in December By Christopher Rugaber, Associated Press The figures show that inflation remains elevated, even as it has come down from a peak near 7% in 2022. Continue reading
Feb 13 Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool By Christopher Rugaber, Associated Press Friday's report suggests inflation could be cooling, but it comes after the cost of food, gas, and apartment rents have soared since the pandemic. Continue reading
Feb 05 WATCH: Bessent tells Senate panel it would be president's choice of whether to sue fed chair over interest rates By Fatima Hussein, Christopher Rugaber, Associated Press Treasury Secretary Scott Bessent said Thursday it would be “up to the president” to decide whether or not to sue Kevin Warsh, Donald Trump's nominee to lead the Federal Reserve, if he fails to lower interest rates. Continue reading
Jan 30 Watch 6:34 What Trump's nomination of inflation hawk Kevin Warsh means for the Federal Reserve By Amna Nawaz, Diane Lincoln Estes President Trump announced Kevin Warsh as his pick to be the next chairman of the Federal Reserve. Warsh was an advisor to George W. Bush and served on the Federal Reserve’s Board of Governors from 2006 to 2011. If confirmed,… Continue watching
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