Fed

Tillis vows to keep blocking Fed nominee and says Trump should apologize for pope attacks

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WASHINGTON — During an interview with Fox News’ Maria Bartiromo that aired Wednesday, President Donald Trump suggested Sen. Thom Tillis, a centrist Republican who has occasionally broken with the president, “already quit” the Senate and wouldn’t be a factor in confirming his nominees. Subscribe to read this story ad-free Get unlimited access to ad-free articles … Read more

Should you lock in a mortgage rate before the April Fed meeting?

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Locking a mortgage interest rate before the Federal Reserve’s April meeting can help protect borrowers. Serhii Shleihel/Getty Images In a different economic climate, a looming Federal Reserve meeting would be welcomed warmly by borrowers, especially those looking to buy a home or refinance their existing one. The Federal Reserve, after all, is a big driver … Read more

Trump threatens to fire Fed chair as criminal probe dims outlook of his departure

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President Donald Trump threatened to fire Federal Reserve Bank Chair Jerome Powell if he stays on the board after his leadership term expires next month — but also championed the federal investigation that could sideline his own pick for the job. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive … Read more

Trump-Tillis tiff deepens as president says he ‘quit,’ concedes Fed fight could doom new chair confirmation

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NEWYou can now listen to Fox News articles! President Donald Trump’s pick to lead the Federal Reserve is headed to the Senate next week, but Trump is worried that one Senate Republican could doom the confirmation process. Kevin Warsh is scheduled for his confirmation hearing before the Senate Banking Committee after his initial hearing set … Read more

Fed Chair nominee Kevin Warsh is worth well over $100 million, new financial disclosure forms show

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Kevin Warsh, President Trump’s nominee to be the next chair of the Federal Reserve, has a net worth exceeding $100 million, making him far wealthier than outgoing Fed Chair Jerome Powell, according to a new financial disclosure form.  Warsh, who is set to step into the Fed chair role in May, listed hundreds of investments, including … Read more

Fed Chair Jerome Powell, Treasury’s Bessent and top bank CEOs met over Anthropic’s Mythos model

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Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent met with top bank CEOs in a closed-door meeting this week to discuss the cybersecurity risks posed by Anthropic’s latest AI model, Mythos, sources told CBS News.  JPMorgan Chase chief executive Jamie Dimon was invited but was unable to attend, according to the sources. The … Read more

Chicago Fed President Austan Goolsbee sees inflation from Iran war as risk to 2026 rate cuts

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Federal Reserve Bank of Chicago President Austan Goolsbee thinks that the Iran war risks fueling inflation, which would make it harder for the central bank to ease interest rates in 2026. Goolsbee — who emphasized he was speaking for himself and not for the Federal Reserve as a whole — told CBS News that, before … Read more

Amid tough job market for young Americans, Fed Chair Powell tells students not to despair

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Federal Reserve Chair Jerome Powell has a message for young Americans looking for work in a tough job market: Don’t be deterred, even as job creation remains weak and the threat of artificial intelligence looms. The Fed chair, who made the comments on Monday to an undergraduate economics class at Harvard University, covered a lot … Read more