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.
Category: Federal Reserve System
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Democrats Make Final Push to Delay Confirmation Hearing of Trump’s Fed Pick
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.
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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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Trump Threatens to Fire Powell if He Does Not Resign From Fed
Although Jerome H. Powell’s term as Fed chair officially ends on May 15, he can stay on as a governor until 2028 and said he would not leave until a criminal investigation was over.
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Trump Threatens to Fire Powell, Again
The new threat against the Fed chair comes ahead of a Senate confirmation hearing for Kevin Warsh, Trump’s pick to lead the central bank.
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Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation
The Justice Department’s criminal inquiry into the Federal Reserve threatens to delay the confirmation of the next chair.
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Kevin Warsh, Trump’s Pick for Fed Chair, Discloses Vast Wealth Ahead of Confirmation Hearing
Kevin M. Warsh vowed to divest a substantial amount of his more than $100 million in assets as he faces a complicated path to becoming the next chair of the Federal Reserve.
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U.S. Inflation Surged in March as Iran War Pushed Up Prices
Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
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Bessent and Powell’s A.I. Anxiety
The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model.
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I.M.F. Says Iran War Will Drag Global Growth Lower
Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
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Markets on Edge as Trump’s Iran Ultimatum Looms
Oil prices are rising and stocks are selling off as investors fret that the president will carry out his threats to “decimate” Iran.