Jul 13 WATCH: Fed chair Kevin Warsh testifies on inflation and monetary policy in House hearing By Christopher Rugaber, Associated Press Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a thing of the past," yet he provided no signal about the central bank's next steps. Continue reading
Jul 01 Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation By Christopher Rugaber, Associated Press In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they'd be disappointed. We're going to deliver price stability.”… Continue reading
Jun 29 Watch 5:35 Supreme Court ruling proves Federal Reserve is unique agency, Lisa Cook's lawyer says By Geoff Bennett, Diane Lincoln Estes In a 5-4 ruling, Supreme Court justices said that President Trump does not have the power to fire Lisa Cook, a member of the Federal Reserve Board of Governors. Geoff Bennett discussed that decision with Cook's lead counsel, Abbe Lowell. Continue watching
Jun 29 Supreme Court says Fed's Lisa Cook can keep her job for now, but it upholds other Trump firings By Mark Sherman, Associated Press The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception, the Federal Reserve. Continue reading
Jun 22 Former Federal Reserve Chairman Alan Greenspan dies at 100 By Paul Wiseman, Christopher Rugaber, Associated Press Former U.S. Federal Reserve Chair Alan Greenspan died Monday from complications of Parkinson’s disease, said his wife of 29 years, NBC News correspondent Andrea Mitchell. He was 100. Continue reading
Jun 17 Watch 6:51 What Warsh's first meeting as Fed chair signals By Amna Nawaz, Azhar Merchant, Nana Adwoa Antwi-Boasiako The Federal Reserve held interest rates steady in the first meeting led by Kevin Warsh. The decision to maintain rates for a fourth-straight meeting was supported by all 12 members of the Federal Open Market Committee, but new quarterly projections… Continue watching
Jun 17 WATCH: New Fed chair Kevin Warsh holds first news conference after leaving interest rate unchanged By Christopher Rugaber, Associated Press The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year. Continue reading
Jun 06 U.S. mortgage rates are staying high – and the Federal Reserve can do little about it By Michael J. Highfield, The Conversation Investors’ inflation expectations, much more than the central bank, are among the factors that affect the cost of home loans. Continue reading
Jun 01 Jerome Powell uses award speech to warn against political pressure on Fed, courts and schools By Leah Willingham, Associated Press The award also honored residents of Minnesota's Twin Cities for their actions during a federal immigration crackdown that led to thousands of arrests and two deaths. Continue reading
May 22 WATCH: Kevin Warsh sworn in as chairman of the Federal Reserve By Associated Press President Donald Trump hosted a swearing-in ceremony for Kevin Warsh as new Fed chair on Friday. “I want Kevin to be totally independent. I want him to be independent and just do a great job,” Trump said. Continue reading