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The Latest Breaking News from Jerome Powell

Outgoing chair Powell delivers defense of Fed independence

WASHINGTON (UNITED STATES) - Outgoing US Federal Reserve chair Jerome Powell on Sunday delivered a staunch defense of the need for the central bank to maintain independence and credibility, as it comes under assault from President Donald Trump.

Bangkok Post

Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools

Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to deliver a broad defense of independent institutions while accepting the John F. Kennedy Profile in Courage Award in Boston

AAP

Top JPMorgan analyst maps 5 ways America's debt crisis could unfold—and the 'best case' is still alarming

JPMorgan's David Kelly maps out five scenarios for the national debt over the next decade — the best-case is pretty, pretty bad.

Fortune

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US Stock Market: Kevin Warsh’s Fed debut signals major shift in US monetary policy landscape

President Donald Trump now directly influences US economic policy with Kevin Warsh leading the Federal Reserve. This change comes as inflation rises and consumer confidence falls. Housing affordability is a major concern with mortgage rates climbing. Warsh faces pressure to balance growth with inflation control. The Federal Reserve's decisions will…

The Economic Times

Fed stalwart Claudia Sahm fears Kevin Warsh's policies could undo 20 years of policy progress

"That progression has happened over 20 years at the Fed and it's going to be near impossible and probably very misguided to put the cat back in the bag."

Fortune

New US Fed chair says he will be 'reform-oriented'

WASHINGTON - New US Federal Reserve Chair vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent."

Bangkok Post

New Fed chief faces immediate pressure

With Kevin Warsh taking the helm at the US Federal Reserve this month, succeeding chairman Jerome Powell, all eyes are on the policies of the hand-picked candidate of President Donald Trump.

Bangkok Post

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Kevin Warsh replaces Jerome Powell as Fed Chair after being sworn in at White House

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The Independent UK

Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank

President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair

AAP

US Fed chair Kevin Warsh says will be 'reform-oriented' at glitzy White House swearing-in

New US Federal Reserve chair Kevin Warsh vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent." It is unusual for the chief of the Fed -- an independent non-partisan body that…

The Economic Times

Kevin Warsh takes oath as US Federal Reserve chair

Kevin Warsh has taken the oath as the new US Federal Reserve chair. President Donald Trump stated his desire for Warsh to be fully independent. Trump urged the new chair to focus on letting the American economy boom. Warsh was advised to make decisions without external influence. This marks a…

The Economic Times

Kevin Warsh sworn in as Fed chair as Trump faces backlash over economy

Former Wall Street banker takes over amid growing concern over cost of living and disapproval of Trump’s agenda

The Guardian - US

Kevin Warsh takes over US Fed with a policy problem already in view

An unfolding boom in artificial intelligence technology is reshaping the economy in ways Fed officials say could be profound for workers, companies and consumers, but will be hard for Warsh and his colleagues to assess in real time. At the same moment inflation is already high and potentially heading higher…

The Economic Times

Warsh takes over Fed with a policy problem already in view

Kevin Warsh takes charge as the new Fed leader. He faces a critical juncture for the economy and monetary policy. Inflation is high and could rise further. Artificial intelligence is reshaping industries. Warsh must decide whether to raise interest rates to combat inflation. His actions will be closely watched by…

The Economic Times

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AAP

Fed minutes show more members open to a rate hike

A majority of Fed members at their April meeting felt "some policy firming ‌would likely become appropriate" if inflation in the United States stays high.

The Economic Times

Fed minutes show more policymakers were prepared to lay groundwork for rate hike

Federal Reserve minutes show growing concern that inflation driven by the Iran war could persist above the 2% target, prompting discussions around possible future rate hikes. Several policymakers signalled tightening may be needed, marking a more hawkish shift. Bond yields rose as markets priced in reduced chances of rate cuts.

The Independent UK

Trump’s elections revenge crusade just saddled him with some crucial Republican foes in Congress

ANALYSIS: Trump is poking the bear in the Senate, where Republicans added to his burn list are flexing their power, writes John Bowden. And, as Thomas Massie reminded after his loss Tuesday night, they have seven more months to do so

Fortune

Forget tariffs and the Iran oil shock—a top economist says the Fed is blind to the real inflation threat

"We have an aggregate demand issue, not a supply disruption issue," says William Luther, an associate professor at Florida Atlantic University.

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Barchart

Stocks and Crypto Crash Each Time a New Fed Chair Takes Over. How to Prepare Your Portfolio for Kevin Warsh.

Markets usually have a big reaction when the Fed changes hands. Now is the time to start getting ready for Donald Trump's hawkish new chair.

The Economic Times

New era begins: Warsh steps into Fed role; Prepares for inflation battle and potential rate hikes

Kevin Warsh assumes leadership of the U.S. Federal Reserve. This marks a new chapter for the central bank and President Trump. Warsh faces challenges including inflation and interest rate decisions. The Fed's balance sheet and future rate movements are key focus areas.

The Economic Times

US Stock Market: Sticky inflation complicates Kevin Warsh’s Fed transition as rate hike odds jump

Sticky inflation has pushed investors to raise bets on a potential U.S. Federal Reserve rate hike, creating early challenges for incoming Fed Chair Kevin Warsh. With markets pricing in higher odds of tightening by January, shifting economic data and rising price pressures, risk complicating the Fed’s policy transition, Reuters reported.

International Business Times

The Bond Market Is Flashing a Warning — And a Former Biden National Security Adviser Says Americans Could Get Hit Twice

Daleep Singh, former Biden National Security Adviser and current chief economist at PGIM, warns the bond market is flashing a serious danger signal as oil prices above $100 drive inflation fears and push the 10-year Treasury yield toward 5%. He warns the end game could be financial repression.

The Economic Times

US Stocks end lower on mounting inflation worries

U.S. stocks declined Friday as rising crude prices fueled global inflation fears, pushing Treasury yields higher and making equities less attractive. The Trump-Xi summit yielded few results, while Jerome Powell's tenure as Fed chair concluded amidst concerns about sticky inflation and potential rate hikes. Energy shares saw gains, but the…

The Economic Times

US Fed board names Powell temporary chief pending Warsh swearing-in

Jerome Powell has been named temporary chair of the US Federal Reserve pending the swearing-in of successor Kevin Warsh. This move follows Warsh's Senate confirmation after a challenging process. Powell's interim role is a customary practice during such transitions, with no specific date set for Warsh's official induction.

Fortune

America's productivity boom started before AI, and a Stanford economist who decoded the Great Resignation says working from home is the reason why

National data show “a clear post-2020 surge in productivity growth exactly when WFH ramped up,” said Stanford economist Nicholas Bloom.

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