Kevin M. Warsh, at his confirmation hearing to lead the Federal Reserve, sought to dispel doubts that he would yield to President Trump’s demand for lower rates.
Category: Banking and Financial Institutions
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Kevin Warsh, Trump’s Fed Pick, Has Tough Task Shedding ‘Sock Puppet’ Label
The New York Times – Business: -
Anthropic’s New Mythos A.I. Model Sets Off Global Alarms
The New York Times – Business:Mythos has triggered emergency responses from central banks and intelligence agencies globally, as Anthropic decides who has access to the powerful model.
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A.I. Is Eliminating Jobs on Wall Street
The New York Times – Business:“A.I. gives us places to go we haven’t gone,” said one bank’s chief executive.
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Kevin Warsh, Trump’s Pick to Lead Fed, Faces Senate at Tricky Moment
The New York Times – Business:Kevin M. Warsh has enough support to become the next chair of the Federal Reserve, but a criminal investigation into the central bank stands in his way.
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Trump’s Fed Pick to Defend Central Bank’s Ability to Set Rates Independently
The New York Times – Business:Kevin M. Warsh is set to testify at the Senate Banking Committee on Tuesday even as a criminal investigation into the central bank risks delaying his ascension to become the next chair.
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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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Stocks Approach Record High as Wall St. Looks Beyond War
The New York Times – Business:Investors appear to be treating an end to the U.S.-Israeli war with Iran as a foregone conclusion.
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Stocks Approach Record High as Wall St. Looks Beyond War
The New York Times – Business:Investors appear to be treating an end to the U.S.-Israeli war with Iran as a foregone conclusion.
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Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation
The New York Times – Business:The Justice Department’s criminal inquiry into the Federal Reserve threatens to delay the confirmation of the next chair.
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Bessent Questions the Cause of Climate Change and Its Economic Toll
The New York Times – Business:The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
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J.P. Morgan Sees Resiliency in U.S. Economy Despite Iran War
The New York Times – Business:The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
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Goldman Sachs Earnings Show Effects of Iran War
The New York Times – Business:It will be a tricky earnings season, as the investment banking giant became the first to show on Monday.