Tag

#Jerome Powell

45 articles

Finance

Powell Stays Fed Chair If No Successor Named

Federal Reserve Chairman Jerome Powell confirmed he will continue leading the central bank as Chair pro tem if no successor is confirmed by May 15th. He also stated he will not leave the board until an ongoing investigation concludes with transparency. His remarks aim to ensure leadership stability at the Fed.

1 hour ago
GENERAL

Powell Vows to Stay as Fed Chair Amid Investigation

Federal Reserve Chair Jerome Powell has announced he will remain in his post if a successor is not confirmed by the end of his term on May 15th. He also stated his intention to stay on the Board of Governors until an ongoing investigation into Fed officials' trading activities is fully resolved. Powell's commitment provides stability as the central bank navigates these challenges.

1 hour ago
Politics

Trump’s Legal Woes Mount as Courts Reject Defamation Claim

Donald Trump's defamation lawsuit against The Wall Street Journal was dismissed, with the court finding no evidence of "actual malice." This ruling, alongside discussions of Trump's attacks on the Federal Reserve chair and concerns about his mental fitness, underscores his ongoing legal and political challenges.

3 hours ago
GENERAL

GOP Senators Show Weariness With Trump’s Iran Stance

Republican lawmakers are showing signs of frustration with President Trump's prolonged engagement in Iran. Diplomatic talks continue, with a potential ceasefire extension being considered, while the U.S. bolsters its military presence. Meanwhile, domestic economic pressures and battles with the Federal Reserve chair add to the political complexities.

5 hours ago
GENERAL

Trump Threatens Fed Chair Powell, Faces Nomination Blockade

President Trump is threatening to fire Fed Chair Jerome Powell over a renovation probe, creating a political stalemate. Senator Tom Tillis is blocking Trump's nominee, Kevin Warsh, until the investigation concludes. Warsh himself faces scrutiny over his vast personal wealth, estimated between $135-226 million, raising conflict of interest concerns.

21 hours ago
Finance

Trump Threatens to Fire Fed Chair Powell Over Building Project

Former President Donald Trump issued a strong ultimatum to Federal Reserve Chair Jerome Powell, threatening to fire him over perceived incompetence and excessive spending on a building project. Trump also expressed support for lowering interest rates and the confirmation of Kevin Warsh.

23 hours ago
Finance

Warsh Clears Hurdle, Fed Confirmation Faces Hearing Chaos

Kevin Warsh's nomination to the Federal Reserve faces a potential boost as he clears a financial hurdle, but ongoing investigations into Fed Chair Jerome Powell cast a shadow over the confirmation process. Discussions also cover cryptocurrency regulation and the critical need for Homeland Security funding.

2 days ago
Politics

Judge Blocks Trump’s Push Against Fed Chair Powell

A federal judge has blocked the Trump administration's attempt to use subpoenas against Federal Reserve Chair Jerome Powell. Judge James Booseberg ruled the subpoenas unlawful, stating there was no evidence of a crime. This decision emphasizes the judiciary's role in preventing the abuse of grand jury powers.

2 weeks ago
Finance

Powell Sees Soft Landing, But War Fuels Growth Fears

Federal Reserve Chair Jerome Powell believes the U.S. economy has achieved a soft landing, but escalating geopolitical tensions, particularly the Iran conflict, are fueling concerns about future economic growth. Upcoming labor market data and inflation indicators will be crucial for assessing the economic outlook.

2 weeks ago