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.
Category: Federal Reserve System
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As Powell Steps Down, the Fed Confronts ‘Regime Change’
The New York Times – Business: -
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.
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Federal Reserve Turns Focus to Inflation as Job Market Stabilizes
The New York Times – Business:April’s report showed employers added more jobs than expected, supporting the central bank’s view that it can afford to hold interest rates steady.
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Higher Gas Prices Are Hitting Lower-Income Americans the Hardest
The New York Times – Business:People with lower incomes are driving less and devoting more of their budgets to transport as gas prices soar.
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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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Behind Powell’s High-Stakes Decision to Stay at the Fed
The New York Times – Business:Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.
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How Powell Just Complicated Trump’s Fed Plans
The New York Times – Business:Traders now think the Federal Reserve will keep steady interest rates, or perhaps even increase them, amid succession intrigue at the central bank.
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Warsh Clears an Early Hurdle on Path to Fed Chair
The New York Times – Business:The Senate Banking Committee advanced Kevin Warsh’s nomination as Fed chair on Wednesday, teeing up the full chamber to hold a vote soon.
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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.