Kevin M. Warsh is scheduled to testify on Tuesday despite an ongoing criminal investigation into the chair of the Federal Reserve that stands in the way of a smooth transition.
Category: Appointments and Executive Changes
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Democrats Make Final Push to Delay Confirmation Hearing of Trump’s Fed Pick
The New York Times – Business: -
Ford Says Doug Field, Who Led Company’s E.V. Push, is Leaving
The New York Times – Business:Doug Field, a former Tesla and Apple executive, had returned to Ford Motor in 2021 to help develop new electric models and software.
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Trump’s Quest for More Sway Over Fed Faces Fresh Hurdles
The New York Times – Business:Jerome H. Powell’s term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the central bank after that.
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Trump Threatens to Fire Powell if He Does Not Resign From Fed
The New York Times – Business: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.
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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.