Tag

Federal Reserve System

All articles tagged with #federal reserve system

economy5 days ago•16 min saved

Fed taps Marc Andreessen to help gauge AI’s policy impact under Warsh

Fed Chair Kevin Warsh has tapped venture investor Marc Andreessen to co-lead a task force on productivity and jobs to evaluate how AI and other technologies should inform monetary-policy judgments, part of Warsh’s overhaul of the Fed. Andreessen joins Stanford economist Charles I. Jones and Microsoft executive Asha Sharma on the leadership slate, as the central bank weighs AI’s potential disinflationary productivity effects and how tech-driven gains could shape policy.

via The Washington Post|

#artificial-intelligence #economy #federal-reserve-system

opinions14 days ago•22 min saved

Court defies political pressure: Supreme Court blocks Trump from firing a Fed governor

The Washington Post Editorial Board argues that a Supreme Court ruling blocking President Trump from firing Federal Reserve Governor Lisa Cook without due process reinforces the separation of powers, showing that presidential power has limits and preserving Fed independence amid political pressure.

via The Washington Post|

#checks-and-balances #donald-trump #federal-reserve-system

economy16 days ago•20 min saved

Dollar climbs to 13-month high on AI boom and Fed expectations

Global investors pushed the dollar to a 13-month high on the allure of the U.S. AI boom and the prospect of higher interest rates, with bets on a Fed move later this year overshadowing concerns about Trump’s policymaking.

via The Washington Post|

#central-bank-interest-rates #economy #federal-reserve-system

economy24 days ago•19 min saved

Private dinner during Fed quiet period triggers ethics questions for regulator

Federal Reserve Vice Chair for Supervision Michelle Bowman spoke at a private Bank of America dinner during the Fed’s quiet period, a time when officials are restricted from public engagements. Bowman said no monetary policy was discussed, but the private event with a major client group has raised ethics concerns and questions about whether the rules were breached.

via The Washington Post|

#banking-and-credit #economy #federal-reserve-system

economy1 month ago•20 min saved

Warsh Faces Inflation Pressure as Fed Might Raise Rates Over Trump's Wishes

Trump’s new Federal Reserve chair Kevin Warsh faces a dilemma as inflation sits at a three-year high and the president expects lower borrowing costs; at his first policy meeting, Warsh may have to raise interest rates to curb inflation, testing the Fed’s independence and his alignment with Trump.

via The Washington Post|

#central-bank-interest-rates #donald-trump #economy

economy2 months ago•19 min saved

Tillis clears Warsh path as Powell probe ends

Sen. Thom Tillis said the DOJ has ended its criminal probe into Federal Reserve Chair Jerome Powell, removing a key obstacle and allowing Republicans to push Kevin Warsh’s nomination to lead the Fed; a Senate Banking Committee vote on Warsh's confirmation is expected soon as the party seeks to move forward after the Powell investigation closed.

via The Washington Post|

#economy #federal-reserve-system #jerome-powell

business3 months ago•78 min saved

Prosecutors press Fed access as Trump singles out Powell over chair tenure

Prosecutors sought access to the Federal Reserve building amid a DOJ probe into a $2.5 billion Fed renovation, as President Donald Trump again threatens to fire Fed Chair Jerome Powell once his term as chair ends next month; Powell says he will remain as chair until a successor is confirmed and argues the investigation is a pretext to undermine Fed independence. The situation unfolds against broader debates about the Fed’s autonomy and comes as the Supreme Court weighs a separate case involving another central bank governor, Lisa Cook.

via AP News|

#business #donald-trump #economic-policy

economy3 months ago•22 min saved

Trump Threatens Powell, Keeps Fed Renovation Probe Front and Center

President Trump threatened to fire Federal Reserve Chair Jerome Powell if he doesn’t step down and refused to halt the Justice Department’s probe into the Fed’s $2.5 billion renovation, a move that tests the central bank’s independence and complicates Powell’s departure timeline and the nomination process for his replacement.

via The Washington Post|

#banking-and-credit #donald-trump #economy

economy3 months ago•18 min saved

Fed leadership on the line as Powell's term ends

As Powell’s term as Fed chair expires on May 15, the Trump administration appears poised to challenge his plan to stay on as acting chair if Senate Republicans do not confirm Kevin Warsh, setting up a confrontation over who leads the Fed and potentially shaping its policy path depending on Warsh’s fate.

via The Washington Post|

#central-bank-interest-rates #donald-trump #economy

economy3 months ago•19 min saved

Powell pledges to stay at the Fed, foiling Trump’s reshuffle bid

Jerome Powell said he would remain Fed chair past his term’s mid-May end if a successor hasn’t been confirmed by the Senate, and would stay on the Fed board until any criminal probe is resolved, effectively blocking President Trump’s efforts to force a leadership shakeup at the central bank.

via The Washington Post|

#donald-trump #economy #federal-reserve-system

business4 months ago•21 min saved

GDP revision signals slower growth as inflation stays high ahead of Iran conflict

New Commerce Department data trim Q4 2025 GDP growth to 0.7% annualized, far slower than the prior 1.4% advance estimate, while January inflation remains stubborn with core PCE at 3.1% and overall PCE near 2.8%, signaling persistent price pressures even as oil prices rise with the Iran conflict; the weaker momentum before the conflict complicates the Fed’s effort to cool inflation without tipping the economy into recession, and markets priced in potential rate cuts later in the year.

via The Washington Post|

#business #economic-growth #economic-indicators

economy4 months ago•18 min saved

February inflation holds at 2.4% as energy-price jump looms

Inflation in February rose 2.4% year over year, the same pace as January, but the measure does not capture a coming surge in energy costs tied to the U.S.–Israel campaign against Iran; gasoline, airline and shipping costs are rising, placing pressure on the Fed and policymakers.

via The Washington Post|

#consumer-prices #economy #energy-markets

economy4 months ago•18 min saved

Hassett blasts tariff study, urges punishment for its authors

White House economic adviser Kevin Hassett criticized a Federal Reserve Bank of New York study that found U.S. companies bear most of the costs of tariffs, calling the research an embarrassment and urging the central bank to punish the researchers behind it.

via The Washington Post|

#donald-trump #economy #federal-reserve-system

economy5 months ago•19 min saved

Trump's chaotic governance dents the dollar as markets rethink risk

Fallout from the Greenland crisis and Trump’s policy approach have contributed to a decline in the U.S. dollar, with the greenback down more than 10% since he returned to the White House; despite remaining a global reserve currency, foreign investors are rethinking exposure to the U.S. amid policy uncertainty and shifting financial markets.

via The Washington Post|

#donald-trump #economy #federal-reserve-system

economy5 months ago•20 min saved

Trump taps Warsh to chair the Fed, hinting at a rate-policy shift

President Donald Trump announced he would nominate Kevin Warsh, a former Fed governor and Wall Street veteran, to succeed Jerome Powell as Fed chair, a move that could shape monetary policy and align with the president’s calls for faster rate cuts.

via The Washington Post|

#donald-trump #economy #federal-reserve-system