The biggest question facing Kevin Warsh was answered before he even reached the committee room Tuesday when President Donald Trump doubled down on a criminal probe that is effectively blocking his own nominee from taking over at the Federal Reserve.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh’s testimony highlights the fine line he must walk during the hearing between President Donald Trump’s demands for lower rates and reassuring investors that he will defend the Fed’s autonomy in rate-setting.
The biggest question facing Kevin Warsh was answered before he even reached the committee room Tuesday when President Donald Trump doubled down on a criminal probe that is effectively blocking his own nominee from taking over at the Federal Reserve.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh’s testimony highlights the fine line he must walk during the hearing between President Donald Trump’s demands for lower rates and reassuring investors that he will defend the Fed’s autonomy in rate-setting.
The biggest question facing Kevin Warsh was answered before he even reached the committee room Tuesday when President Donald Trump doubled down on a criminal probe that is effectively blocking his own nominee from taking over at the Federal Reserve.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh’s testimony highlights the fine line he must walk during the hearing between President Donald Trump’s demands for lower rates and reassuring investors that he will defend the Fed’s autonomy in rate-setting.
Trump administration officials are examining what a potential spike in oil prices as high as $200 a barrel would mean for the economy, according to people familiar with the matter, a sign senior officials are studying the possible fallout from extreme scenarios for the Iran war.
A support vessel flying an Iranian national flag sails alongside the oil tanker 'Devon' as it prepares to transport crude oil to export markets in Bandar Abbas, Iran, on Friday, March 23, 2018. Geopolitical risk is creeping back into the crude oil market. Photographer: Ali Mohammadi/Bloomberg
Top leaders at the Justice Department are rallying behind a US attorney’s legal fight with Federal Reserve Chair Jerome Powell and the White House isn’t opposing it, amping up the clash with major implications for who will lead the central bank.
Longtime Treasury employees are pushing back against the Trump administration’s plan to make banks verify citizenship information, amid stiff opposition from lenders.
The US Treasury Department in Washington, DC, US, on Wednesday, Oct. 8, 2025. More than a quarter million federal employees didn't receive their scheduled paychecks this week as the US government shutdown enters its second week.
US central bank officials are widely seen holding rates as they assess the implications of higher gas prices
Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Thursday, July 24, 2025. Donald Trump and Federal Reserve Chairman Jerome Powell traded barbs over the central bank's renovation project during a tour of the construction site on Thursday with the president also using their interaction to again push for lower interest rates. Photographer: Alex Wroblewski/Bloomberg
John Hurley, the Trump administration’s top sanctions official, is set to leave his post after friction with Treasury Secretary Scott Bessent, according to people familiar with the matter.
John Hurley, the Trump administration’s top sanctions official, is set to leave his post after friction with Treasury Secretary Scott Bessent, according to people familiar with the matter.
The former Fed nominee wants a wholesale rethink of how the central bank should model interest rates.
Judy Shelton, U.S. President Donald Trump's nominee for governor of the Federal Reserve, smiles during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Shelton, a former economic adviser to Trump's campaign, has challenged whether the institution should regulate the value of money and whether its mandate, as set by Congress. Photographer: Andrew Harrer/Bloomberg
The dollar typically strengthens in times of economic or geopolitical strife, but in 2026 much of the uncertainty and political turmoil is coming from inside the US – and President Donald Trump has given a thumbs-up to the resulting plunge in the greenback. The dollar has dropped 9% overall against a basket of world currencies over the last year, and in January fell to its weakest level since March 2022. And the downward pressures don’t appear to be going away.
The dollar typically strengthens in times of economic or geopolitical strife, but in 2026 much of the uncertainty and political turmoil is coming from inside the US – and President Donald Trump has given a thumbs-up to the resulting plunge in the greenback. The dollar has dropped 9% overall against a basket of world currencies over the last year, and in January fell to its weakest level since March 2022. And the downward pressures don’t appear to be going away.
Before his new Federal Reserve chief can even begin pushing for interest-rate cuts, President Donald Trump may have to give up on punishing the old one.
Before his new Federal Reserve chief can even begin pushing for interest-rate cuts, President Donald Trump may have to give up on punishing the old one.
The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair, according to people familiar with the matter.
Kevin Warsh Photographer: David Paul Morris/Bloomberg
Rick Rieder’s Wall Street bona fides and openness to making changes at the Federal Reserve have bolstered his candidacy for the central bank’s top job, according to people familiar with the White House deliberations.
Rick Rieder’s Wall Street bona fides and openness to making changes at the Federal Reserve have bolstered his candidacy for the central bank’s top job, according to people familiar with the White House deliberations.
US Treasury Secretary Scott Bessent cautioned European nations against ramping up their military presence on Greenland and assailed France over calls to conduct a NATO exercise as European leaders brace for President Donald Trump’s arrival at Davos.
Danish soldiers disembark in Nuuk, Greenland, on Jan. 18. Photographer: Mads Claus Rasmussen/AFP/Getty Images
President Donald Trump’s search for a new Federal Reserve chair is becoming a hunt for an elusive unicorn candidate as blowback from his attacks on the central bank complicates the decision.
US President Donald Trump speaks to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Friday, Jan. 16, 2026. Trump threatened fresh tariffs on goods from nations that oppose his push to take control of Greenland, stepping up his rhetoric while Denmark hosted US lawmakers on its home turf following meetings in Washington this week.
Donald Trump’s top economic advisers sought to downplay the risk of a US invasion of Greenland at the World Economic Forum in Davos, even as the president himself pledged to push forward with the idea of acquiring the Danish island.
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