Politics 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
Economy Jan 30 Watch 6:34 What Trump's nomination of inflation hawk Kevin Warsh means for the Federal Reserve 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,… By Amna Nawaz, Diane Lincoln Estes
Economy Jan 30 What economic experts think about Trump's choice of Kevin Warsh for Fed chair Experts appear to view Warsh’s nomination with “cautious relief,” said Mark Gertler, a professor of economics at New York University. By Hannah Grabenstein
Economy Jan 30 Trump names Kevin Warsh, former Federal Reserve official, as next Fed chair to replace Powell 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… By Christopher Rugaber, Associated Press
Economy Jan 29 Trump says he'll announce Federal Reserve chair pick next week 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. By Associated Press
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 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 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 Trump will visit a Ford factory and promote manufacturing in Detroit By Will Weissert, Corey Williams, Associated Press President Donald Trump is traveling to Michigan on Tuesday to promote his efforts to boost U.S. manufacturing, trying to counter fears about a weakening job market and worries that still-rising prices are taking a toll on Americans' pocketbooks. Continue reading