Navarro predicts Fed chair would be ‘gone in a hundred days’ in new Trump administration
Imprisoned former White House economic adviser Peter Navarro predicted that Federal Reserve Chairman Jerome Powell would benefit from a second Trump administration. “My guess is that this methodical non-economist will be gone in 100 days anyway,” Navarro said in an interview with Semaphore. published Tuesday. Navarro has confirmed the names of Kevin Hassett and Tyler […]
FDIC Chair Martin Gruenberg to resign after sex-harassment scandal at agency
Federal Deposit Insurance Corp. Chairman Martin Gruenberg finally announced his resignation Monday following a months-long scandal over sexual harassment and other misconduct at the top banking regulator. Gruenberg said he will step down from his role once a replacement has been confirmed. The White House will name a replacement for Mr. Gruenberg, deputy press secretary […]
Senate Banking chief calls on Biden to replace FDIC chair after sexual harassment probe
Senate Banking Committee Chairman Sherrod Brown (D-Ohio) on Monday called on President Biden to replace the chairman of the Federal Deposit Insurance Corporation (FDIC) following reports of a toxic work environment at the agency. Mr. Brown is the most senior Democrat to seek the resignation or replacement of FDIC Chairman Martin Gruenberg, the Democrat whom […]
Federal Deposit Insurance Corp. Chair Martin Gruenberg announces plans to resign once successor is nominated, confirmed
Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg announced Monday that he will step down as soon as his successor is confirmed by the Senate, after multiple reports revealed a culture of sexual harassment, misconduct and retaliation at the agency under his leadership. Gruenberg’s announcement comes after months of pressure from members of Congress and […]
Long Island teacher accused of tying autistic, nonverbal teen to a chair
A Long Island special education teacher allegedly tied a nonverbal autistic teenager to a chair with rope last month. The boy was afraid to return to the classroom, and his desperate father continued to search for answers. The minor victim, identified as “CD” in a notice of claim filed with the Sewanhaka Central School District […]
Fed Chair Jerome Powell tests positive again for COVID-19
Federal Reserve Chairman Jerome Powell tested positive for the coronavirus on Thursday and is now working from home, a Fed spokesperson said in an emailed statement. “Chairman Powell tested positive for the coronavirus late yesterday and is exhibiting symptoms.” In line with guidance from the U.S. Centers for Disease Control and Prevention, he is working […]
Republican chair investigating Chamber of Commerce in seismic K Street shift
Ten years ago, it would have been unthinkable for a Republican committee chairman to investigate Washington’s largest business advocacy group. But times have changed. House Ways and Means Committee Chairman Jason Smith (R-Missouri) asked the U.S. Chamber of Commerce Foundation to answer questions about the more than $12 million it received from the left-leaning nonprofit […]
FDIC Chair Gruenberg refuses to resign
Check out what’s being clicked on FoxBusiness.com Federal Deposit Insurance Corp. Chairman Martin Gruenberg vowed Wednesday to skeptical lawmakers that he would address not just his own conduct, but also the deep cultural problems at his agency. But lawmakers expressed doubts about whether the banking supervisor, who has held leadership roles at the agency for […]
FDIC Chair Martin Gruenberg scolded for ‘hubris’ by Rep. Patrick McHenry after sexual harassment report
Martin Gruenberg, chairman of the embattled Federal Deposit Insurance Corporation (FDIC), was fronting the House Financial Services Committee on Wednesday morning following a scathing report of widespread sexual harassment and discrimination at his agency. I took a seat. “Coming to the floor today is not an act of courage. It’s an act of hubris,” Financial […]
FDIC Chair Martin Gruenberg apologizes for toxic workplace culture
Federal Deposit Insurance Corp. Chairman Martin Gruenberg vowed Wednesday to skeptical lawmakers that he would address not just his own conduct, but also deep cultural problems at his agency. But lawmakers expressed doubts about whether the banking supervisor, who has held leadership roles at the agency for nearly two decades and has been the subject […]