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kevin-warsh
10 stories related to this topic, newest first.
upi.comfinance30 days ago
Jerome Powell Steps Down as Fed Chair, Hands Role to Kevin Warsh
Jerome Powell ends his eight-year term as Federal Reserve chair on Friday. He will remain a governor while Kevin Warsh assumes the chairmanship.
New York Postfinance41 days ago
Sen. Tim Scott Criticizes Powell's Plan to Remain Fed Chair
Republican Sen. Tim Scott criticized Federal Reserve Chair Jerome Powell for planning to remain on the Fed's Board of Governors after his chair term ends on May 15, 2026. Scott said the move breaks 75 years of precedent and suggested it might be aimed at President Trump. Powell c…
upi.comfinance47 days agoUpdated
Powell to Continue Serving as Fed Governor After Term Expires
Federal Reserve Chair Jerome Powell announced he will continue serving as a Fed governor after his chair term ends next month, citing unprecedented legal attacks from the Trump administration. The Fed held interest rates steady in its latest meeting. President Trump criticized Po…
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Substrate placeholder — needs reviewfinance47 days ago
Federal Reserve Holds Interest Rates Steady
The Federal Reserve kept its benchmark interest rate unchanged amid rising inflation, with four members dissenting from the decision. Chair Jerome Powell stated he will stay on the board as a governor after his term ends May 15, citing legal challenges from the Trump administrati…
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+11upi.comfinance46 days ago
Fed Holds Interest Rates Steady; Biden Renominates Powell
The Federal Reserve kept interest rates unchanged in Jerome Powell's final meeting as chair, amid a high number of dissents and ongoing inflation pressures. Powell stated he will remain a governor until at least 2028 to protect the central bank's independence. Incoming chair Kevi…
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upi.comfinance46 days ago
Senate Banking Committee Approves Kevin Warsh Nomination for Federal Reserve Chair
The Senate Banking Committee voted along party lines to advance Kevin Warsh's nomination as Federal Reserve chair, setting up a full Senate vote. The decision came hours before the Fed's latest interest rate announcement and Jerome Powell's final press conference as chair. The mo…
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CNBCfinance50 days ago
DOJ Refers Federal Renovation Probe to Inspector General
The U.S. Department of Justice ended its criminal investigation into Federal Reserve Chair Jerome Powell over headquarters renovations. Sen. Thom Tillis dropped his opposition to Kevin Warsh's nomination as Powell's successor. The move sets up a Senate committee vote on Warsh thi…
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realclearmarkets.comfinance46 days ago
Fed Nominee Kevin Warsh Questions Dot Plot and Forward Guidance at Senate Banking Hearing
Kevin Warsh, nominated to replace Jerome Powell as U.S. Federal Reserve chair, outlined plans to reduce the central bank's forward guidance during an April 21, 2026, Senate hearing. He advocated for less communication on interest rate forecasts to avoid compounding errors. Market…
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Semaforfinance55 days ago
Kevin Warsh Testifies at Fed Chair Confirmation Hearing
Kevin M. Warsh, President Trump's pick for Federal Reserve chair, testified before a Senate panel, denying any deal on interest rates and emphasizing independence. He described AI as a major economic disruptor and opposed a central bank digital currency. Separately, Rep. Tim Burc…
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+5upi.comfinance51 days agoUpdated
DOJ Ends Probe into Powell Before Warsh Confirmation Hearing
The U.S. Justice Department has ended its criminal investigation into Federal Reserve Chair Jerome Powell over alleged cost overruns in building renovations. The move follows President Donald Trump's nomination of Kevin Warsh to replace Powell, whose term expires on May 15, 2026.…
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