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.
Category: Federal Reserve System
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For Trump, Soaring Prices Test Voters’ Finances and Patience
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’
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
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
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
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
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 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
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
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 Senate Banking Committee advanced Kevin Warsh’s nomination as Fed chair on Wednesday, teeing up the full chamber to hold a vote soon.