The U.S. central bank is widely expected to hold interest rates steady at what is scheduled to be Jerome H. Powell’s final meeting as chair.
Category: Interest Rates
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Kevin Warsh, Trump’s Fed Chair Pick, Faces Skepticism Over Claim of Independence
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.
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Kevin Warsh, Trump’s Pick to Lead Fed, Faces Senate at Tricky Moment
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 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
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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Europe Braces for a Spike in Inflation
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 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
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 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 average rate on a 30-year mortgage in the United States hit 6.38 percent, the fourth increase since the war began.