Powell

Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools

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BOSTON — Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honoring his efforts to preserve the central bank’s independence. Speaking at the John F. Kennedy Presidential Library overlooking Boston Harbor, Powell called universities, courts, Congress and the … Read more

Kevin Warsh sworn in as new Fed chair at White House, replacing Powell

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Washington — Kevin Warsh was sworn in as the chairman of the Federal Reserve on Friday, taking the reins of the central bank from Jerome Powell after a ceremony at the White House. “With this oath, I’ve accepted a high and solemn responsibility,” Warsh said.  “Our mandate at the Fed is to promote price stability … Read more

How will Jerome Powell be remembered as he exits as Fed chair? Experts weigh in.

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After steering the Federal Reserve through a series of major economic shocks, from the pandemic to the highest inflation in 40 years, Jerome Powell will leave a legacy defined by managing crisis and an unwavering defense of the central bank’s historical independence. As Powell steps down on Friday after eight years as Fed chair, more … Read more

Denise Powell projected to win Democratic primary in key Nebraska district

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Denise Powell, a political organizer, won the competitive Democratic primary in Nebraska’s 2nd Congressional District, CBS News projected, amid concerns that another leading hopeful in the race risked harming the party in presidential politics.  Powell will face Republican Brinker Harding, a member of the Omaha City Council, in the general election. Harding did not have … Read more

Denise Powell wins Democratic primary for top House battleground district in Nebraska

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Political organizer Denise Powell has won the Democratic nomination in Nebraska’s 2nd District, NBC News projects, emerging from a tough primary fight in one of her party’s top opportunities to flip a swing seat this year. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Powell narrowly defeated state … Read more

Senate confirms Kevin Warsh as Fed governor, clearing path to replace Powell as chair

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Washington — The Senate confirmed Kevin Warsh to the Federal Reserve’s Board of Governors on Tuesday, a crucial step in President Trump’s push to make Warsh the central bank’s leader after months of uncertainty due to a criminal probe of outgoing chief Jerome Powell. The chamber voted 51-45 to confirm Warsh to a 14-year term … Read more

Powell says he’s staying on Fed board “for a period of time to be determined” after chair term ends

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Powell says he’s staying on Fed board “for a period of time to be determined” after chair term ends – CBS News Watch CBS News Jerome Powell held his last news conference as Federal Reserve chair on Wednesday, announcing his intention to stay on the central bank’s board as a governor “for a period of … Read more

Jerome Powell calls his time as Fed chair a ‘privilege’ during last press conference

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IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Jerome Powell calls his time as Fed chair a ‘privilege’ during last press conference 03:09 UP NEXT Federal Reserve keeps interest rates steady for third straight time 03:19 Justice Department ends criminal probe of Powell 02:07 Stocks surge … Read more