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.
Category: Interest Rates
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Kevin Warsh, Trump’s Fed Chair Pick, Faces Skepticism Over Claim of Independence
The New York Times – Business: -
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.
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Trump Threatens to Fire Powell, Again
The New York Times – Business: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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Kevin Warsh, Trump’s Pick for Fed Chair, Discloses Vast Wealth Ahead of Confirmation Hearing
The New York Times – Business: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
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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Europe Braces for a Spike in Inflation
The New York Times – Business:Investors are betting that the European Central Bank and the Bank of England will raise interest rates this year.
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Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The New York Times – Business:The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts.
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March Jobs Report Shows Stronger U.S. Market Than Expected With 178,000 New Positions
The New York Times – Business:Payrolls expanded and unemployment dropped last month after a health care strike ended and a harsh winter abated.
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Resurgent Inflation Tests Faith in Fed’s Willingness to Tame It
The New York Times – Business:The war in the Middle East risks worsening an inflation problem that the Federal Reserve has struggled for years to subdue.
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Mortgage Rates Jump Again as Iran War Effects Ripple Through Housing Market
The New York Times – Business:The average rate on a 30-year mortgage in the United States hit 6.38 percent, the fourth increase since the war began.
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War in Iran Will Push U.S. Inflation Above 4 Percent, O.E.C.D. Forecast Says
The New York Times – Business:Higher energy prices and uncertainty over the war in the Middle East will boost inflation and weigh on economic growth, a new forecast says.