Outgoing Chairman Jerome Powell defends Fed independence

Hindustan Times News

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 Washington, DC. (Reuters) “The Federal Reserve, like many other institutions, is constantly being stress-tested,” he said while accepting … Read more

DOJ ends criminal investigation into Fed Chairman Jerome Powell, clearing the way for Trump to nominate Kevin Warsh

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 ends on May 15.U.S. Attorney Jeanine Pirro said a criminal investigation into cost overruns related to … Read more