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The Latest Breaking News from Jerome Powell

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

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The Independent UK

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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

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 Independent UK

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

The Guardian - US

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

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

Axios

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Kevin Warsh Fed Chair Nomination: Updates and Commentary

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

Kiplinger

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…

Roll Call

‘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 Mary Sue

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

The Guardian - US

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.

Fortune

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 Guardian - US

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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.

Fortune

Fed chair nominee Kevin Warsh is worth more than $100 million and has stakes in SpaceX and Polymarket

Ahead of Warsh’s confirmation hearing next week, he disclosed his financial holdings.

Kiplinger

S&P, Nasdaq Close at New All-Time Highs: Stock Market Today

Markets can see beyond the war in the Middle East and are no longer moving based on still-volatile crude oil prices.

International Business Times

Trump Says He 'Will Have to Fire' Jerome Powell If He Stays at the Fed After His Term Expires

President Donald Trump said that he would fire Federal Reserve Chair Jerome Powell if he remained at the central bank after his term as chair expires next month.

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Evening Standard

London traders weigh war deadlock as luxury woes hit Paris

The FTSE 100 closed down 49.48 points, 0.5%, at 10,559.58.

The Guardian - US

Trump threatens to fire Fed chair Jerome Powell amid pressure campaign

US president says he has ‘held back’ on firing the head of the Federal Reserve leading up to end of Powell’s term in May

The Independent UK

Jeanine Pirro’s prosecutors showed up unannounced at Fed HQ but were denied access: report

Lawyers from U.S. attorney’s office turned away from central bank, which is currently undergoing extensive renovation work at considerable expense, to the fury of President Donald Trump

The Guardian - UK

Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen

Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of control

Fortune

Trump's war and rhetoric are drowning out the IMF's growth agenda

Also: All the news and watercooler chat from Fortune.

Fortune

Investors are writing off any move from the Fed this month. Collapsing talks in Iran have sealed the deal

“It is too soon to identify potential second-round effects in inflation or labor markets,” cautioned UBS’s Paul Donovan.

Fortune

The AI that found 27-year-old vulnerabilities no human ever caught before just forced an emergency meeting with every major Wall Street CEO

Treasury Secretary Scott Bessent and Fed Chair Jerome Powell reportedly convened Wall Street leaders in an emergency meeting addressing Anthropic’s latest model release.

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