Jeanine Pirro, the U.S. attorney in Washington, dropped an inquiry into Jerome Powell last month after a federal judge blocked her grand jury subpoenas.
Jeanine Pirro, the U.S. attorney in Washington, dropped an inquiry into Jerome Powell last month after a federal judge blocked her grand jury subpoenas.
The Trump administration’s attacks on the Federal Reserve have rattled confidence in the central bank’s ability to operate independently before a leadership transition.
The Trump administration’s attacks on the Federal Reserve have rattled confidence in the central bank’s ability to operate independently before a leadership transition.
President Trump’s nominee to become the next chair of the Federal Reserve wants to overhaul the central bank, including its more than $6 trillion balance sheet.
President Trump’s nominee to become the next chair of the Federal Reserve wants to overhaul the central bank, including its more than $6 trillion balance sheet.
“It took 18 years to create this balance sheet problem, and we won’t be able to fix it in 18 minutes,” Kevin M. Warsh, the Federal Reserve chair nominee, told lawmakers on Tuesday.
Lawmakers questioned the ability of Kevin Warsh, President Trump’s pick for Fed chair, to lead the central bank independently. Colby Smith explains how Mr. Warsh tried to distance himself from the president.
Lawmakers questioned the ability of Kevin Warsh, President Trump’s pick for Fed chair, to lead the central bank independently. Colby Smith explains how Mr. Warsh tried to distance himself from the president.
Kevin M. Warsh is set to testify at the Senate Banking Committee on Tuesday even as a criminal investigation into the central bank risks delaying his ascension to become the next chair.
Kevin M. Warsh is set to testify at the Senate Banking Committee on Tuesday even as a criminal investigation into the central bank risks delaying his ascension to become the next chair.
President Trump has lashed out at enemies, allies and even the pope, and made it harder for Republicans to keep the focus on economic issues in a midterm election year.
President Trump has lashed out at enemies, allies and even the pope, and made it harder for Republicans to keep the focus on economic issues in a midterm election year.
An overview showing construction at the Federal Reserve last year. The $2.5 billion renovation project is at the center of an investigation into the central bank.
Judge James E. Boasberg derided the U.S. attorney’s office in Washington for pursuing a case against Jerome H. Powell that appeared to be motivated by President Trump’s desire for vengeance.
Judge James E. Boasberg derided the U.S. attorney’s office in Washington for pursuing a case against Jerome H. Powell that appeared to be motivated by President Trump’s desire for vengeance.
“The government has offered no evidence whatsoever that Jerome H. Powell, the Federal Reserve chair, committed any crime other than displeasing the president,” Judge James E. Boasberg wrote.
President Trump’s effort to get Kevin M. Warsh confirmed as the next Federal Reserve chair has been complicated by a criminal investigation into Jerome H. Powell.
President Trump’s effort to get Kevin M. Warsh confirmed as the next Federal Reserve chair has been complicated by a criminal investigation into Jerome H. Powell.
The comments by Treasury Secretary Scott Bessent underscore the urgency the Trump administration is feeling as it looks to replace the Federal Reserve chair.
As the justices weighed the consequences of allowing President Trump to fire a Federal Reserve official, the president reprised his pressure campaign on the central bank.
As the justices weighed the consequences of allowing President Trump to fire a Federal Reserve official, the president reprised his pressure campaign on the central bank.
Anmelden
