
UPI - 1 hour 46 min ago
Kevin Warsh, President Trump's pick for chairman of the Federal Reserve, cleared another hurdle Wednesday, with his nomination going to the full Senate.

UPI - 1 hour 46 min ago
Kevin Warsh, President Trump's pick for chairman of the Federal Reserve, cleared another hurdle Wednesday, with his nomination going to the full Senate.

NBC News - 1 hour 51 min ago
Jerome Powell, who is nearing the end of his tenure as chair of the Federal Reserve, explains that he had long planned to retire from the Fed when his term ended, but now plans to stay on until a DOJ investigation is "well and truly over with transparency and finality."...

NBC News - 2 hours 24 min ago
Federal Reserve Chair Jerome Powell said his time as head of the central bank has been a "privilege," as he gave his last press conference as chair. The Senate Banking Committee advanced President Donald Trump's nominee to succeed Powell, Kevin Warsh. Powell will remain at the Fed after May 15, when his tenure as its chair ends.

Forbes - 2 hours 26 min ago
The central bank chair said he had "no choice" but to remain at the Federal Reserve as it faces a "series of legal attacks."...

New York Times - 2 hours 37 min ago
The announcement ends months of speculation about whether Jerome H. Powell would choose to continue on as a member of the Board of Governors at the Federal Reserve.

The Hill - 2 hours 42 min ago
Federal Reserve Chair Jerome Powell said Wednesday that he plans to stay on at the central bank as a governor after his term as chair ends next month "for a period of time to be determined." "I have said that I will not leave the board until this investigation is well and truly over with...

NBC News - 2 hours 42 min ago
Federal Reserve Chair Jerome Powell made it clear Wednesday he's not going anywhere just yet.

ABC News - 2 hours 47 min ago
Federal Reserve keeps key rate unchanged even as four officials dissent, most in almost 34 years...

The Hill - 3 hours 4 min ago
Federal Reserve Chair Jerome Powell will give remarks Wednesday afternoon after the central bank opted to keep interest rates steady amid uncertainty around the Iran war and rising inflation. The Federal Open Market Committee decided to maintain its baseline interest rate range between 3.5 and 3.75 percent at the end of what will likely be Powell's...

CNBC - 3 hours 13 min ago
The Federal Reserve on Wednesday released its latest decision on interest rates.

NBC News - 3 hours 19 min ago
The Federal Reserve announced it is keeping interest rates steady for the third time in a row. It is likely to be Chair Jerome Powell's last policy meeting as the leader of the world's most influential central bank.

The Guardian - 3 hours 24 min ago
Fed officials cite elevated inflation, slow job growth and uncertainty in Middle East as reasons for holding rates Sign up for the Breaking News US email to get newsletter alerts in your inbox The US Federal Reserve left interest rates unchanged after its latest board meeting, defying once again Donald Trump's call for a cut as the central bank prepares for a leadership shake-up next month. On Wednesday, Fed officials continued to cite elevated inflation, slow job growth and uncertainty in the...

The Hill - 3 hours 26 min ago
The Federal Reserve kept interest rates steady Wednesday as President Trump's new pick to lead the bank inched closer to confirmation. By a vote of 8 to 4, the Federal Open Market Committee (FOMC) decided to maintain its baseline interest rate range between 3.5 and 3.75 percent at the end of what will likely be Jerome Powell's final meeting as Fed chair. Hours earlier, a Senate...

New York Times - 5 hours 11 min ago
Some home loans are closely tethered to the Federal Reserve's rate decisions.

BBC - 5 hours 15 min ago
How the US President Donald Trump and Federal Reserve chair Jerome Powell came to blows.

ABC News - 5 hours 31 min ago
The Senate Banking Committee voted on party lines to approve Kevin Warsh as the next chair of the Federal Reserve, to replace Jerome Powell, a longtime target of President Donald Trump's insults for not cutting borrowing costs as far as the president w...

UPI - 6 hours 9 min ago
Economists expect Federal Reserve Chairman Jerome Powell will announce another hold on interest rates on Wednesday as his term nears its end.

UPI - 6 hours 9 min ago
Federal Reserve Chairman Jerome Powell said Wednesday that benchmark interest rates will stay steady...

Newser - 6 hours 32 min ago
Jerome Powell says he plans to remain on the board of the Federal Reserve after his term as chair ends next month "for an undetermined period of time." In a press conference after the central bank's latest interest rate decision , Powell cited the recent legal actions taken by the Trump...

The Hill - 7 hours 9 min ago
The Senate Banking Committee voted Wednesday to advance Kevin Warsh's nomination to lead the Federal Reserve, just days after the Department of Justice (DOJ) said it was dropping its criminal probe into Fed Chair Jerome Powell. The panel voted 13-11 along party lines to send Warsh's nomination to the full Senate, bringing him one step closer to taking the reins at the central bank. Warsh's confirmation has remained in limbo for nearly two months, as...

New York Times - 7 hours 12 min ago
Kevin M. Warsh, President Trump's nominee for Federal Reserve chair.

The Guardian - 7 hours 28 min ago
A Senate committee is poised to advance Trump's pick as doubts linger over the Fed's independence and Powell's future US politics live latest updates Sign up for the Breaking News US newsletter email Kevin Warsh, Donald Trump's pick to lead the Federal Reserve , is set to clear a key procedural hurdle on Wednesday, opening the way for him to succeed Jerome Powell in coming weeks amid the White House's unprecedented efforts to exert control over the world's most powerful central...

Newser - 8 hours 6 min ago
The Federal Reserve has kept its benchmark rate unchanged at 3.5% to 3.75% in what is expected to be the final interest-rate decision of Jerome Powell's time as Federal Reserve chair. The decision to keep the key rate steady for the third meeting in a row came with...