Apr 24 Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh confirmation By Christopher Rugaber, Eric Tucker, Associated Press 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. Continue reading
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
Mar 19 Justice Department probe of Powell could backfire on Trump and keep Fed chair in office By Christopher Rugaber, Associated Press President Donald Trump has for months wanted to remove Jerome Powell as chair of the Federal Reserve. But instead, an investigation by one of his own officials could end up extending Powell's time at the top of the central bank even after his term… Continue reading
Mar 18 U.S. stocks sink on worries about inflation as gold falls below $5,000 per ounce By Stan Choe, Associated Press U.S. stocks are sinking Wednesday after a report said inflation was primed to worsen even before oil prices began spiking because of the war with Iran. Continue reading
Mar 18 WATCH: Fed Chair Powell holds news briefing after interest rate left unchanged By Christopher Rugaber, Associated Press Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on growth, but they still expect to cut their key rate once in 2026. Continue reading
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