Although Jerome H. Powell’s term as Fed chair officially ends on May 15, he can stay on as a governor until 2028 and said he would not leave until a criminal investigation was over.
Category: Appointments and Executive Changes
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Trump Threatens to Fire Powell if He Does Not Resign From Fed
The New York Times – Business: -
Trump Threatens to Fire Powell, Again
The New York Times – Business:The new threat against the Fed chair comes ahead of a Senate confirmation hearing for Kevin Warsh, Trump’s pick to lead the central bank.
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Kevin Warsh, Trump’s Pick for Fed Chair, Discloses Vast Wealth Ahead of Confirmation Hearing
The New York Times – Business:Kevin M. Warsh vowed to divest a substantial amount of his more than $100 million in assets as he faces a complicated path to becoming the next chair of the Federal Reserve.
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Peloton’s Latest Leader Thinks He Can Coach It Back to Health
The New York Times – Business:The fitness company has fallen to a small fraction of its value at its pandemic peak, but Peter Stern says Peloton is headed in the right direction.
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Judge Rejects Hegseth’s Second Attempt to Restrict Reporters at Pentagon
The New York Times – Business:A federal judge gutted a set of rules that were adopted after the court declared an earlier press policy unconstitutional, in a case brought by The New York Times.
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Jeff Shell Steps Down as President of Paramount
The New York Times – Business:Mr. Shell, the former C.E.O. of NBCUniversal, is leaving after becoming entangled in a legal battle with a professional gambler, R.J. Cipriani.
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Michael Rousseau, Air Canada’s CEO, to Step Down Amid Backlash Over Comments After Crash
The New York Times – Business:Michael Rousseau’s mostly English statement after a fatal runway collision drew sharp criticism. The airline said it would emphasize French fluency in its search for a successor.
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Politico Names Jonathan Greenberger as New Editor
The New York Times – Business:Jonathan Greenberger, an executive at the publication, will take over from John Harris, a co-founder of Politico.
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He Was Supposed to Break Up Kraft and Heinz. He Changed His Mind.
The New York Times – Business:Steve Cahillane, a food industry veteran, is trying to revive the company behind Kool-Aid, Oscar Mayer and many other brands.
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The Markets Contend with Powell’s Long Goodbye at the Fed
The New York Times – Business:The chair of the Federal Reserve said that he might not leave the central bank any time soon, setting up a potential clash with President Trump.
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Powell Says He Will Remain as Fed Chair Until Successor Is Confirmed
The New York Times – Business:Jerome H. Powell, who leads the central bank, also said he would not leave the Fed until a criminal investigation into his handling of renovations was over.
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John Galliano Returns to Fashion With Zara Partnership
The New York Times – Business:The designer is embarking on a partnership with Zara.