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 fight’ After two days of deliberation, the Federal Reserve’s interest rate setting committee made a decision with … Read more
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 takes over as Fed chairman as inflation remains high and … Read more
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 ends on May 15.U.S. Attorney Jeanine Pirro said a criminal investigation into cost overruns related to … Read more
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. Trump’s pick for Fed chief to swear rate independence at key hearing “I am committed to ensuring that … Read more
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 headquarters. In a March 11 ruling, a U.S. district judge vacated a subpoena to the Federal Reserve Board of Governors, finding that … Read more