Jerome H. Powell’s term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the central bank after that.
Category: United States Politics and Government
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Trump Threatens to Fire Powell if He Does Not Resign From Fed
Although Jerome H. Powell’s term as Fed chair officially ends on May 15, he can stay on as a governor until 2028 and said he would not leave until a criminal investigation was over.
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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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Trump Increased Tax Refunds, but a Political Challenge Still Looms
While last year’s tax law has raised the average I.R.S. refund, the boost is less than the White House expected — and may not have much impact on voters.
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Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation
The Justice Department’s criminal inquiry into the Federal Reserve threatens to delay the confirmation of the next chair.
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Bessent Questions the Cause of Climate Change and Its Economic Toll
The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
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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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Middle East War Will Slow Global Economic Growth, I.M.F. Warns
The conflict could also fuel another bout of inflation, according to the International Monetary Fund.
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
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Shipping Companies Remain Reluctant to Sail Through Strait of Hormuz
The United States said it has started to block vessels doing business with Iran from the strait. Details on how that would work are unclear.
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Judge Dismisses Trump’s Suit Against The Wall Street Journal
The judge said Mr. Trump had not “plausibly alleged” that The Journal published the article with actual malice.
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Iran Blockade Sets Up a Test of Which Side Can Endure More Pain
President Trump is trying to choke off the country’s lifeline with a blockade of the Strait of Hormuz. But the Iranians are betting that his tolerance for political pain is limited.