Category: Federal Reserve System

Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts

The New York Times – Business:
The Federal Reserve is expected to hold interest rates steady this week as Jerome H. Powell presides over what is likely to be his last meeting as chair.
Tillis Prepared to Advance Fed Nominee after Justice Dropped Probe

The New York Times – Business:
Senator Thom Tillis said he had received assurances from federal prosecutors that eased his concerns, setting the stage for a key committee vote on Kevin Warsh.
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.
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.
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.
Bessent Backs Financial Support for Oil-Rich U.A.E.

The New York Times – Business:
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
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.
Kevin Warsh, Trump’s Fed Chair Pick, Faces Skepticism Over Claim of Independence

The New York Times – Business:
Kevin Warsh’s nomination to lead the Federal Reserve could still be delayed by a Justice Department investigation into the current chair, Jerome H. Powell.
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.
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.
The Peace Rally Gets Derailed

The New York Times – Business:
Oil prices are climbing and global stocks are falling as investors worry about the prospects for a speedy end to the war in the Middle East.
Democrats Make Final Push to Delay Confirmation Hearing of Trump’s Fed Pick

The New York Times – Business:
Kevin M. Warsh is scheduled to testify on Tuesday despite an ongoing criminal investigation into the chair of the Federal Reserve that stands in the way of a smooth transition.