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.
Category: Federal Reserve System
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Kevin Warsh, Trump’s Pick for Fed Chair, Discloses Vast Wealth Ahead of Confirmation Hearing
The New York Times – Business: -
U.S. Inflation Surged in March as Iran War Pushed Up Prices
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business:Oil prices are rising and stocks are selling off as investors fret that the president will carry out his threats to “decimate” Iran.
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Strong Jobs Numbers Make the Fed’s Job Easier
The New York Times – Business:Robust job growth in March suggests that the labor market remains relatively healthy, allowing officials at the central bank to focus on fighting inflation.
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Private-Credit Wobbles Could Prove Perilous for Trump
The New York Times – Business:The Trump administration is poised to broaden access to risky investments that are showing signs of strain.
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Fed Official Urges Caution on Rate Cuts as Iran War Drags On
The New York Times – Business:Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken.
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Banking Regulators Prepare to Loosen Post-Crisis Capital Rules
The New York Times – Business:The changes, long sought by bank lobbyists, will reduce the capital banks must hold in reserve to mitigate risks.
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Iran War Narrows Fed’s Path to a Rate Cut
The New York Times – Business:Jerome H. Powell, the Fed chair, wants to keep the central bank’s policy options open as officials stare down another economic shock that threatens to stoke inflation and crimp growth.
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Central Banks Brace for Inflation as Energy Prices Surge
The New York Times – Business:Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.