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The Latest Breaking News from Jerome Powell

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 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

The Guardian - US

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.

Kiplinger

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…

The Economic Times

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.

International Business Times UK

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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.

Fortune

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 Economic Times

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 Times of India

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

IN FULL

The Independent UK

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…

The Economic 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.

International Business 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…

The Economic Times

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Axios

Kevin Warsh confirmed to lead Federal Reserve

He becomes Fed chair at a moment of resurgent inflation, public discontent with the economy and attacks on the central bank's independence.

The Guardian - US

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

Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower rates

The Independent UK

Trump Fed chair nominee Kevin Warsh is confirmed by Senate as Jerome Powell vows to stay on board

Kevin Warsh stressed that the president did not make him pledge to cut interest rates to secure his nomination to head the Federal Reserve

Roll Call

Warsh confirmed to lead Federal Reserve

The Senate confirmed Kevin Warsh on Wednesday to become chairman of the Federal Reserve for a four-year term. The 54-45 vote concludes the process two days before Fed Chair Jerome Powell’s term ends. The Senate confirmed Warsh on Tuesday to a 14-year term on the board, effective as of Feb. 1, 2026.…

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International Business Times UK

Trump Called Two Female Reporters 'Dumb' and 'Stupid' in Minutes — Here Is Every Woman Journalist He Has Attacked

President Trump called MS NOW's Akayla Gardner 'dumb' and a second reporter 'stupid' within minutes on 12 May, adding to a growing list of women journalists he has publicly insulted.

The Economic Times

US Stock Market: Fed’s Goolsbee flags rising inflation risks after weak April data

Chicago Fed President Austan Goolsbee raised concerns over rising U.S. services inflation, saying recent data showed price pressures moving in an unfavourable direction. He noted inflation remains sticky despite a stable labour market, reinforcing caution among policymakers as the Federal Reserve continues to assess its rate path amid mixed economic…

International Business Times UK

Donald Trump Lashes Out at Female Reporter in Ugly Scene Just Hours Before Departing for Beijing

US President Trump insulted female journalists questioning his administration's spending on renovations, sparking controversy over his treatment of women in the media.

We Got This Covered

‘He kept me out of jail’: A normal person would never admit that in public. Trump walked up to the mic at a law enforcement event and led with it

High praise!

The Economic Times

US Senate approves Kevin Warsh for Fed Board, chair confirmation next

The Senate has confirmed Kevin Warsh to the Federal Reserve Board of Governors. A vote for his chairmanship is expected soon. This confirmation follows a lifted blockade by Senator Thom Tillis. The move comes as President Trump pushes for lower interest rates. Inflation is currently surging, presenting a challenge for…

International Business Times

Senate Confirms Kevin Warsh As Fed Governor, Another Step Toward Becoming Chair

The Senate on Tuesday confirmed Kevin Warsh as governor of the Fed, taking another step towards replacing Jerome Powell as chair of the central bank.

The Economic Times

Senate confirms Kevin Warsh to US Federal Reserve Board; Fed chair vote likely on Wednesday

Kevin Warsh is officially stepping into the role of a Federal Reserve governor, primed to steer the US central bank through turbulent political waters. As he prepares for this pivotal leadership role, Warsh is contemplating a strategic overhaul at the Fed, particularly looking to enhance collaboration with the Treasury.

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