Though the high court affirmed the political independence of the Federal Reserve, it gave the presidency huge control over dozens of federal regulators.
Category: Federal Reserve System
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How the Supreme Court Ushered in Corporate Chaos in D.C.
The New York Times – Business: -
Trump Renews Threat to Fire Fed Governor in Wake of Court Loss
The New York Times – Business:The president promised to “take appropriate action immediately” against Lisa D. Cook, a Fed governor.
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How Warsh Has Begun to Change the Fed
The New York Times – Business:Just weeks into his job as chairman of the Federal Reserve, Kevin M. Warsh has embraced some of the central bank’s conventions while signaling seismic shifts ahead.
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U.S. Inflation Problems Are Far From Over
The New York Times – Business:The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs.
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Why the Fed Could Loom Large Over the Midterms
The New York Times – Business:Wall Street increasingly predicts the central bank will raise interest rates, possibly ahead of Election Day in November. That could anger President Trump.
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In Alan Greenspan, Kevin Warsh Saw a Fed Chairman Role Model
The New York Times – Business:Kevin M. Warsh has long singled out Alan Greenspan, who died on Monday, as the central banker he wants to exemplify.
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Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting
The New York Times – Business:A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.
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For Trump, Soaring Prices Test Voters’ Finances and Patience
The New York Times – Business:Just months before another election that may hinge on the economy, the war in Iran has sent gas and other goods soaring.
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As Powell Steps Down, the Fed Confronts ‘Regime Change’
The New York Times – Business:Jerome H. Powell is passing the chair’s baton to Kevin M. Warsh at the Federal Reserve, an institution that President Trump’s pick says needs an overhaul.
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Senate Confirms Kevin Warsh as Fed Chair
The New York Times – Business: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.
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Why a Warsh-Led Fed May Keep Interest Rates Higher for Longer
The New York Times – Business:Kevin Warsh, President Trump’s pick to run the Federal Reserve, would face a growing inflation challenge if he’s confirmed.