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Fed holds rates steady, cites elevated inflation; three dissents against ‘easing bias’
The Federal Reserve held interest rates steady, citing elevated inflation and uncertainty from global energy prices, with three dissents against easing bias.
Justice Dept drops investigation into Fed Chair Powell, removing obstacle to Warsh
The justice department has closed its investigation into Federal Reserve Chair Jerome Powell, removing a key obstacle to Kevin Warsh's confirmation as Fed chair.
Stocks close lower on fading hopes for quick Iran deal, mixed quarterly earnings
U.S. stocks closed lower as concerns over the Iran conflict outweighed solid corporate earnings and AI optimism, impacting major indexes including the S&P 500.
Fed chief nominee Warsh commits to central bank’s independence, with limits
Kevin Warsh, nominee to lead the Federal Reserve, pledges to maintain monetary policy independence while working with Congress on other Fed functions.
Oil prices climb 3% after Trump says he does not want to extend Iran ceasefire
Oil prices climbed about 3% after President Donald Trump said he does not want to extend the Iran ceasefire, raising tensions and impacting global markets.
Fed leadership transition on shaky ground as clock ticks on Powell’s term
The Federal Reserve faces a leadership transition challenge as Kevin Warsh's confirmation is delayed amid political opposition and ongoing investigations.
Trump threatens to fire Powell if he doesn’t quit Fed board; ongoing probe clouds Warsh confirmation
President Donald Trump threatens to fire Federal Reserve Chair Jerome Powell from the Fed board amid a criminal probe complicating Kevin Warsh's confirmation.
Fed nominee Warsh files financial disclosures suggesting assets worth over $100M
Kevin Warsh, nominated to lead the Federal Reserve, filed financial disclosures indicating assets exceeding $100 million amid Senate confirmation process.
White House says increased productivity means Fed can cut rates
White House economic adviser Kevin Hassett says AI-driven productivity gains may ease inflation and allow the Federal Reserve to lower interest rates.
Powell’s decision on Fed board seat could shape Warsh’s leadership
Federal Reserve Chair Jerome Powell's choice to stay on the Fed board could influence Kevin Warsh's leadership and the central bank's independence amid political pressures.
Warsh’s room to move at the Fed may narrow in a war-clouded outlook
Kevin Warsh's potential to ease Fed monetary policy is limited by rising oil prices and inflation risks amid the Iran conflict, delaying expected rate cuts.
US economists predict Fed rate hold through May, June cut under Warsh
The Federal Reserve is expected to hold interest rates steady through May, with economists forecasting a cut in June under new chair Kevin Warsh, who may adopt looser policy.
