The Senate on Wednesday confirmed Kevin Warsh as the next chair of the Federal Reserve, setting up a new era at the central bank as the White House intensifies pressure for lower interest rates. Lawmakers voted 54-45 to approve Warsh in a
Federal Reserve Chair Jerome Powell isn’t heading for the exit just yet. Even as his term as chair expires next month, Powell made clear Wednesday he plans to stick around at the central bank—remaining on the Fed’s board “for a period of
President Trump formally nominated Kevin Warsh on Wednesday to serve as chair of the Federal Reserve Board, setting the stage for Warsh to replace current Fed Chair Jerome Powell. The president submitted Warsh’s nomination to lead the central bank, along with a
President Trump announced early Friday that he is nominating former Federal Reserve Board member Kevin Warsh to serve as the next chairman of the Federal Reserve. “I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF
President Trump said Saturday he plans to sue JPMorgan Chase over what he described as the bank’s improper decision to close his account after the Jan. 6, 2021, Capitol protest. In a Truth Social post, Trump also pushed back on a Wall
President Donald Trump said this week that he is considering legal action against Federal Reserve Chair Jerome Powell, accusing him of “gross incompetence” over what the president described as runaway costs tied to renovations at the Federal Reserve’s headquarters. Speaking to reporters
President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell on Wednesday, saying he would like to “fire his ass” over the central bank’s handling of interest rates. Speaking at the U.S.-Saudi Investment Forum at the Kennedy Center, Trump told Treasury Secretary
WASHINGTON, D.C. — In a closely watched move, the Federal Reserve has enacted its first interest rate cut of the year, trimming the benchmark federal funds rate by 25 basis points. The target rate now ranges between 4.00% and 4.25%. This marks the first
This week president Trump made history by firing Federal Reserve board of governors member Lisa Cook. Last week, President Trump called for the resignation of Federal Reserve board of governors member Lisa Cook following allegations by the head of the Federal Housing Finance Agency (FHFA) that
On Tuesday, President Trump signaled he has narrowed down his list of potential replacement candidates to become the next Federal Reserve chair. Trump said possibilities for the positions, including chair, are former Fed Governor Kevin Warsh, White House economic adviser Kevin Hassett and two others whom the