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.
Category: Banking and Financial Institutions
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Kevin Warsh, Trump’s Fed Pick, Has Tough Task Shedding ‘Sock Puppet’ Label
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
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
“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
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
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
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
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
Investors appear to be treating an end to the U.S.-Israeli war with Iran as a foregone conclusion.