Category: Powell, Jerome H

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.
Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation

The New York Times – Business:
The Justice Department’s criminal inquiry into the Federal Reserve threatens to delay the confirmation of the next chair.
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.
Fed’s Inflation Woes Preceded the War With Iran

The New York Times – Business:
An energy shock stemming from the fighting has added a layer of complexity to the Federal Reserve’s decision-making around interest rates.
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.
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.
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.
The Markets Contend with Powell’s Long Goodbye at the Fed

The New York Times – Business:
The chair of the Federal Reserve said that he might not leave the central bank any time soon, setting up a potential clash with President Trump.
Trump Renews Demand for Rate Cuts as Fed Grapples With War in Iran

The New York Times – Business:
Oil prices are soaring, threatening a wider problem with inflation, but the president has insisted that borrowing costs must be lowered.
Iran War Risks Sharpening Fed Divisions Over Rate Cuts

The New York Times – Business:
The Federal Reserve is set to hold interest rates steady this week as officials grapple with a host of new economic risks stemming from the conflict in the Middle East.
Justice Dept. Legal Threat Complicates Trump’s Pick for Fed Chair

The New York Times – Business:
An investigation of the Federal Reserve was thwarted on Friday, but a department appeal could reimpose an obstacle in Kevin Warsh’s path.
Judge Quashes Justice Dept.’s Subpoenas Targeting Federal Reserve Chair

The New York Times – Business:
Judge James E. Boasberg derided the U.S. attorney’s office in Washington for pursuing a case against Jerome H. Powell that appeared to be motivated by President Trump’s desire for vengeance.