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: United States Economy
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Kevin Warsh, Trump’s Fed Chair Pick, Faces Skepticism Over Claim of Independence
The New York Times – Business: -
Trump’s Fed Pick to Defend Central Bank’s Ability to Set Rates Independently
The New York Times – Business:Kevin M. Warsh is set to testify at the Senate Banking Committee on Tuesday even as a criminal investigation into the central bank risks delaying his ascension to become the next chair.
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Why Your Paycheck Feels Smaller
The New York Times – Business:Ben Casselman, our chief economics correspondent, explains why wages are not keeping up with inflation and what that means for American workers and the economy.
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White House Shrugs Off Shaky Economy as War Exceeds Trump’s Timeline
The New York Times – Business:Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.
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Amid Iran War, Companies Look to Extend a Record Profit Run by Raising Prices
The New York Times – Business:Higher inflation is leading companies to raise prices without sacrificing margins.
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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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Middle East War Will Slow Global Economic Growth, I.M.F. Warns
The New York Times – Business:The conflict could also fuel another bout of inflation, according to the International Monetary Fund.
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Investors Brace for a New Hormuz Blockade Threat
The New York Times – Business:President Trump’s plan to bar ships from entering or leaving Iranian ports has put markets on edge and added to global economic uncertainty.
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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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A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers
The New York Times – Business:The cost at the pump made its biggest monthly percentage increase in decades amid lingering tensions over the war in Iran.
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Consumer Spending, Engine of the U.S. Economy, Is Under Strain
The New York Times – Business:Higher fuel costs are raising food and travel prices, while a shaky stock market tamps down free spenders.
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America’s Furniture Stores Struggle to Survive a Frozen Housing Market
The New York Times – Business:Retailers are going bankrupt and liquidating as record-low housing turnover leaves fewer customers looking to furnish homes.