President Trump’s pick to replace Jerome H. Powell takes the helm at a highly uncertain moment for the economy and with heightened concern about the Federal Reserve’s ability to operate independently.
Category: Banking and Financial Institutions
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Senate Confirms Kevin Warsh as Fed Chair
The New York Times – Business: -
Anthropic and Wall Street Giants Join Forces to Create New A.I. Firm
The New York Times – Business:Blackstone and Goldman Sachs are among the investors in the new firm, which will help integrate Anthropic’s A.I. model Claude into their systems.
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Fed Officials Cite Inflation Concerns in Defending Dissents
The New York Times – Business:The Federal Reserve’s meeting this week was the most divisive in decades, a sign that President Trump’s pick to lead the central bank will face opposition if he pursues substantially lower interest rates.
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Where in the World Is All That Gold Stored?
The New York Times – Business:As central banks buy more gold, where to put all that heavy metal is an increasingly important question. Reserves must be secure and ready to trade in a crisis.
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Why Countries Are Stocking Up on Gold
The New York Times – Business:As risk has escalated, central banks have bought more gold to stash in reserve. A widening Middle East war could add to the urgency.
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Rising Fuel Prices Could Force Excruciating Choices on Economic Policies
The New York Times – Business:The European Central Bank and Bank of England were expected to hold interest rates steady on Thursday while searching for signs of possible longer-term damage.
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What to Watch at the Federal Reserve’s April Meeting
The New York Times – Business:The U.S. central bank is widely expected to hold interest rates steady at what is scheduled to be Jerome H. Powell’s final meeting as chair.
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What to Watch at the Federal Reserve’s April Meeting
The New York Times – Business:The U.S. central bank is widely expected to hold interest rates steady at what is scheduled to be Jerome H. Powell’s final meeting as chair.
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Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts
The New York Times – Business:The Federal Reserve is expected to hold interest rates steady this week as Jerome H. Powell presides over what is likely to be his last meeting as chair.
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Tillis Prepared to Advance Fed Nominee after Justice Dropped Probe
The New York Times – Business:Senator Thom Tillis said he had received assurances from federal prosecutors that eased his concerns, setting the stage for a key committee vote on Kevin Warsh.