IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Tillis calls for Powell investigation to be ‘taken down’ at hearing for next Fed chair 05:20 UP NEXT Kevin Warsh says Federal Reserve faces ‘challenges and opportunities’ 06:50 Kennedy faces questioning on measles and preventative services at House … Read more
GOP Sen. Thom Tillis of North Carolina spent his time during the confirmation hearing for Kevin Warsh slamming the Justice Department’s “bogus investigation” into Federal Reserve Chairman Jerome Powell over renovation costs at the central bank’s headquarters. Tillis said he will block Warsh’s nomination until the Justice Department drops its investigation. Source link
President Trump’s latest threat to fire Federal Reserve Chair Jerome Powell could put them on a collision course when the latter’s term as head of the central bank ends on May 15. In an interview with Fox Business’ Maria Bartiromo on Wednesday, Mr. Trump said he would dismiss Powell if the policymaker stuck to his … Read more
WASHINGTON — Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit. Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro’s office were turned away on Tuesday … Read more
NEWYou can now listen to Fox News articles! Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street bank heads to Washington, D.C. on Tuesday for a flash meeting to warn them of cybersecurity threats posed by AI giant Anthropic, according to a Thursday night report from Bloomberg. Bessent and Powell convened … Read more
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
The ruling clears the way for an appeal that would threaten to delay the confirmation of Trump’s pick to lead the central bank. Source link
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
The president’s meddling with the central bank’s independence spells trouble in the future. Source link
Federal Reserve Chair Jerome Powell says he will not step down from the central bank’s board until an investigation launched by President Donald Trump’s Justice Dept. into Powell’s congressional testimony last year is fully put to rest. “I have no intention of leaving the board until the investigation is well and truly over with transparency … Read more