Three reporters followed supply chains to reveal that the U.S. Mint buys gold that comes from foreign pawn shops and drug dealers, then claims it is from the United States.
Category: Banking and Financial Institutions
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The ‘Lasting Damage’ of Pirro’s Investigation of the Federal Reserve and Powell
The New York Times – Business:The Trump administration’s attacks on the Federal Reserve have rattled confidence in the central bank’s ability to operate independently before a leadership transition.
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Justice Department Drops Criminal Investigation of Fed Chair Jerome Powell
The New York Times – Business:The decision to end the inquiry into Jerome H. Powell’s handling of the Federal Reserve’s renovation could allow Kevin M. Warsh, the president’s pick for Fed chair, to be confirmed.
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How Kevin Warsh Could Shrink the Fed’s Footprint in Financial Markets
The New York Times – Business:President Trump’s nominee to become the next chair of the Federal Reserve wants to overhaul the central bank, including its more than $6 trillion balance sheet.
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Kevin Warsh, Trump’s Fed Pick, Has Tough Task Shedding ‘Sock Puppet’ Label
The New York Times – Business: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.
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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.