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The Latest Breaking News from Jerome Powell

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.

AAP

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 Economic Times

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

The Independent UK

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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.

Fortune

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.

Barchart

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.

The Economic Times

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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.

International Business 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.

The Economic Times

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.

Fortune

US stocks today: Dow Jones crashes 500 points on mounting inflation worries

U.S. stocks pulled back from record highs as rising crude oil prices and surging Treasury yields triggered fresh inflation concerns. The selloff hit AI-driven tech stocks hardest, while markets reassessed rate hike risks under incoming Fed leadership, with geopolitical tensions and bond market signals dampening investor sentiment.

The Economic Times

Powell's tenure as Fed chair marked by fight for independence while trying to tame inflation

When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs.

The Economic Times

Wrapup: Busy week ends in Byrd bath

Republican leaders in Congress scored some victories this week in nominations and appropriations but struck out on easily advancing their partisan “reconciliation 2.0” proposal to fund immigration enforcement. The bill faces a hurdle in the form of the Senate Parliamentarian, who on Thursday evening advised that several provisions violate the…

Roll Call

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The Guardian - US

The Federal Reserve’s independence is hanging by a thread in the age of Trump

The president’s ultimate goal is to push the Fed – among other independent US institutions – to bend to his will

Kiplinger

How a New Fed Chair Could Impact Your Tax Bill in 2026

As Kevin Warsh prepares to lead the Federal Reserve, interest rate policy will shape household earnings and taxable income.

The Economic Times

US Stock Market: Warsh set to lead Fed amid debate over rates, transparency and AI impact

Fifteen years after leaving the Federal Reserve over disagreements on aggressive bond-buying policies, Kevin Warsh is set to return as chair of the U.S. central bank with a sweeping reform agenda, according to Reuters. Warsh has been a vocal critic of the Fed’s massive asset purchase programs that expanded its…

International Business Times UK

Who Is Richer: Kevin Warsh or Jerome Powell? Incoming and Outgoing Fed Chairs' Net Worth Laid Bare

Kevin Warsh, confirmed as the new US Federal Reserve Chair, is the wealthiest individual to hold the position, with a net worth between $170 million and $226 million.

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Fortune

Kevin Warsh confirmed as Fed chair in party-line vote amid Elizabeth Warren's 'sock puppet' criticism

Every Republican voted for Warsh on Wednesday, as did Democratic Sen. John Fetterman of Pennsylvania.

The Economic Times

Trump’s pick Kevin Warsh replaces Jerome Powell as Fed chair: What will happen to US interest rates next and why financial markets are watching closely

Kevin Warsh is set to become the new Federal Reserve chair. However, his influence on interest rates might be limited. The Federal Open Market Committee, a 12-member panel, ultimately decides on rate targets. Warsh will hold only one vote. Consensus building and persuasion are key to the chair's role. Financial…

The Times of India

Trump ally Kevin Warsh confirmed as next US Federal reserve chair after tight Senate vote

Kevin Warsh has been confirmed as the next chair of the US Federal Reserve after the Senate approved President Donald Trump’s nominee in a narrow 54-45 vote.

The Independent UK

Senate confirms Trump’s Fed chair nominee Kevin Warsh as Powell’s replacement

IN FULL

The Economic Times

Warsh clinches Senate approval to be Fed's next chair as inflation intensifies

In a pivotal moment for the economy, the US Senate has officially confirmed Kevin Warsh as the chair of the Federal Reserve, just as inflation escalates. With President Donald Trump advocating for reduced interest rates, Warsh's leadership will be crucial at the next central bank meeting, where policymakers are wrestling…

International Business Times

Kevin Warsh Confirmed As Next Chairman Of The Federal Reserve, Replacing Jerome Powell

The Senate confirmed on Wednesday Kevin Warsh as the next chair of the Federal Reserve, replacing Jerome Powell.

The Economic Times

US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell

Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…

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