Economy Apr 30 Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices By Christopher Rugaber, Associated Press
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
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. By Christopher Rugaber, Eric Tucker, 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 Watch 5:31 Trump's DOJ targets Jan. 6 convictions, broadens Fed construction site probe By Ali Rogin, Kyle Midura President Trump’s Department of Justice is making headlines. This week, it is releasing a report accusing the Biden administration of weaponizing the agency, moving to wipe out the convictions of Jan. 6 ringleaders and making a surprise visit to a… Continue watching
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
Mar 30 WATCH: Fed Chair Powell addresses energy price spikes, challenging job market in Harvard conversation By Michael Casey, Associated Press Federal Reserve Chair Jerome Powell said Monday that it is important to closely monitor inflation amid a spike in energy prices from the Iran war. Continue reading