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The Latest Breaking News from Jerome Powell

Trump’s DOJ drops case against Jerome Powell to clear the way for Kevin Warsh as Fed chair

Trump’s pick to lead the Fed was blocked by a key Senate Republican unless prosecutors agreed to back off the case

The Independent UK

DOJ drops criminal probe into Fed chair Jerome Powell

The move paves the way for Kevin Warsh to succeed Powell as the next head of the Federal Reserve.

Axios

ECB interest rate dilemma: Eurozone growth stalls as Iran war fuels inflation

The European Central Bank faces heightened uncertainty ahead of next week’s rate decision, with President Christine Lagarde warning the "stop-start nature" of the Iran war is making the economic outlook harder to assess.

Euronews

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DOJ drops investigation into Fed’s Powell

U.S. Attorney Jeanine Pirro said Friday that she is dropping her investigation into Federal Reserve Chair Jerome Powell over the cost for renovations at the central bank, a move that could clear a path for the Senate to confirm Kevin Warsh as Powell’s replacement. “I have directed my office to…

Roll Call

Fed chair nominee Warsh rejects 'Trump sock puppet' label at Senate hearing

Kevin Warsh, the nominee for Chair of the US Federal Reserve, declared he has not pledged to lower interest rates to secure his position despite public calls from US President Donald Trump for immediate monetary easing.

Euronews

Wall Street won’t like it—but Kevin Warsh at the Fed may mark the end of your chatty neighborhood chairman

Until yesterday, many might have hoped that Warsh’s criticism of forward guidance was an ideal rather than an actionable opinion. They were wrong.

Fortune

Thune nudges Trump to "wrap up" Fed probe

"We all agree that Kevin Warsh is a great pick and hopefully will be confirmed."

Axios

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Stocks Turn Lower on Iran Worries: Stock Market Today

Stocks gave up early gains Tuesday on concerns the U.S.-Iran ceasefire deadline could expire without a peace deal in place.

Kiplinger

Internet sleuths go crazy as NFL Hall of Famer Larry Fitzgerald sits behind Trump Fed Chair pick Kevin Warsh

Eagle-eyed fans spotted the former Arizona Cardinals wide receiver in an unexpected place

The Independent UK

Trump’s Fed chair pick says he’ll maintain independence – but won’t say president lost 2020 election

Kevin Warsh says ‘we need to take politics out of monetary policy’ as Elizabeth Warren calls him Trump’s ‘sock puppet’

The Guardian - US

Fed Chair Nominee Kevin Warsh Says Central Bank Will Remain 'Strictly Independent'

President Donald Trump's nominee to be the next chair of the Federal Reserve, Kevin Warsh, said in his confirmation hearing Tuesday that the central bank will remain "strictly independent" and rejected he will be the president's "sock puppet."

International Business Times

Questions About Fed Leadership Arise As Kevin Warsh Nomination Faces Scrutiny

Political gridlock over top economic appointments is raising questions about stability at the Federal Reserve.

International Business Times

Trump’s pick to replace Fed chair Jerome Powell faces Senate confirmation hearing

IN FULL

The Independent UK

Warsh vows Fed independence; Democrats assert financial conflicts

Kevin Warsh, the nominee to be next chairman of the Federal Reserve, promised senators Tuesday that the central bank would maintain its independence from the White House under his leadership and that he would divest assets that raised conflict-of-interest concerns among Democrats. Warsh tried to reassure lawmakers at the Senate…

Roll Call

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The Independent UK

Fed nominee grilled on Epstein links and 2020 election conspiracies in hearing to replace Jerome Powell: recap

President’s pick for Federal Reserve chairman faces key hurdles and tough questions from Senate Banking Committee

The Guardian - US

Kevin Warsh: Trump’s ideal choice to push Fed to cut interest rates

Former Wall Street banker faces questions at confirmation hearing – but his biggest backer is also his biggest liability

Axios

What to look for in Kevin Warsh's big day on Capitol Hill

Republicans are set to cast Kevin Warsh as a change agent.

Kiplinger

Kevin Warsh Fed Chair Nomination: Updates and Commentary

On May 13, the Senate confirmed Kevin Warsh as the next Fed chair.

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news in one place.

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Roll Call

Fed chair nominee Warsh to field questions about Fed independence

Republicans and Democrats on the Senate Banking Committee appear poised to question Kevin Warsh, the nominee to be the next chairman of the Federal Reserve, on the central bank’s independence — but from different angles — during a hearing scheduled for Tuesday. Ranking member Elizabeth Warren is also expected to question…

Roll Call

This week: Senate girds for budget vote-a-rama in busy week for Congress

The Senate faces an expected budget vote-a-rama this week as Republicans seek to start the process of funding immigration enforcement without the support of Democrats. A resolution from Senate Budget Chairman Lindsey Graham, R-S.C., is expected to provide instructions for roughly $70 billion for Immigration and Customs Enforcement and Customs…

The Mary Sue

‘I’m not very tauntable’: It’s a Fed Chair nightmare for Trump where one Republican’s ‘no’ could spell disaster for Kevin Warsh

Sen. Thom Tillis is making it crystal clear he’s not backing down in his standoff with the administration over Federal Reserve Chair Jerome Powell. The outgoing North Carolina Republican is blocking the confirmation of President Donald Trump’s Fed chair nominee, Kevin Warsh, until the Justice Department drops its investigation into…

The Guardian - US

Senate Democrats move to stall Trump’s ‘absurd’ bid to install new Fed chair

Democratic lawmakers urged Republican leaders to postpone the confirmation hearing of Kevin Warsh

Fortune

Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We have our answer

Republican sources told Fortune it was unlikely Warsh himself would be the cause of any vote against his candidacy, while Democrat sources say there is little he could do to convince critics that he isn’t a puppet of the White House.

The Guardian - US

Trump news at a glance: president renews threats against federal reserve chair, pushes his replacement

Trump reiterated his claim that Powell is doing a ‘bad job’ as justice department continues with criminal investigation into Powell over renovations at the Fed’s headquarters – key US politics stories from 15 April at a glance

The Conversation

How Trump’s repeated efforts to fire Federal Reserve Chair Powell harm the economy – and make battling inflation harder

President Donald Trump has again threatened to oust Federal Reserve Chair Jerome Powell, putting at risk a keystone of good economic policy and inflation management: central bank independence.

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