Fed keeps rates on hold, but three dissent, Warsh praises ‘good family fight’
WASHINGTON — The Federal Reserve kept its key interest rate unchanged on Wednesday despite persistently high inflation and soaring energy prices due to the Iran war. Fed keeps rates on hold, but three dissent, Warsh praises ‘good family…
Why cooling U.S. inflation eases pressure on Fed despite rising oil prices after Iran attack
The U.S. Labor Department released its latest inflation report on Tuesday. The report showed that inflation cooled in June, giving the Fed more confidence that price pressures are easing. Consumer prices fell 0.4% from May to June, the largest monthly…
Supreme Court expands Trump’s power to fire officials, but protects Fed Governor Lisa Cook
The U.S. Supreme Court on Monday strengthened President Donald Trump’s power to fire members of independent government agencies but provided protections for them Fed Prevent the governor from being fired Lisa Cook. In a 6-3 decision, the Supreme…
Does Alan Greenspan have children? Family details after former Fed chair dies at 100
Alan GreenspanThe economist who chaired the Federal Reserve under four U.S. presidents died on Monday, his wife, Andrea Mitchell, confirmed the news. He is 100 years old. Former Federal Reserve Chairman Alan Greenspan dies at 100 from complications of…
Kevin Warsh’s first test as Fed chief could put him at odds with Trump on interest rates
During the swearing-in of Kevin Warsh as the new Chairman FedPresident Donald Trump told him to be independent and make his own decisions. Trump said Warsh should not listen to him or anyone else and instead do what is best for the economy. Kevin Warsh…
Outgoing Chairman Jerome Powell defends Fed independence
Outgoing Federal Reserve Chairman Jerome Powell on Sunday staunchly defended the need for the central bank to maintain its independence and credibility as it comes under attack from President Donald Trump. Federal Reserve Chairman Jerome Powell in…
DOJ ends criminal investigation into Fed Chairman Jerome Powell, clearing the way for Trump to nominate Kevin Warsh
The U.S. Department of Justice is wrapping up its investigation into Federal Reserve Chairman Jerome Powell, a move seen as clearing the way for confirmation of President Donald Trump’s nominee to head the Federal Reserve, Kevin Warsh, whose term…
Trump’s pick for Fed chief to swear rate independence at key hearing
U.S. President Donald Trump’s pick to lead the Federal Reserve, Kevin Warsh, will stress his commitment to the central bank’s interest rate independence during a key confirmation hearing on Tuesday, according to prepared remarks seen by AFP.…
Why Judge James Boasberg blocked Jeanine Pirro’s action against Jerome Powell – explained
Federal Judge James Boasberg on Friday blocked the Justice Department’s efforts to subpoena documents from the Federal Reserve, issuing a scathing rebuke to prosecutors investigating the cost of renovating the central bank’s Washington…
U.S. layoffs in February, unemployment rate rises to 4.4%, labor market worries
U.S. employers unexpectedly laid off workers in February and the unemployment rate rose, raising questions about the health of the labor market. The United States unexpectedly lost 92,000 jobs in February, and the unemployment rate rose to 4.4%. After a…