Powell announces he will remain as governor following the Fed’s decision to maintain interest rates.
Powell to Stay at Federal Reserve Despite Investigation Jerome Powell, the Chairman of the Federal Reserve, announced that he will continue his role at the central bank after officials voted 11-1 to maintain interest rates. This decision comes as he faces scrutiny from some allies of President Donald Trump, who have pushed for criminal charges […]
Fed chief candidate Kevin Warsh passes important Senate milestone, likely to take over for Jerome Powell
Kevin Warsh, nominated by President Trump to lead the Federal Reserve, has passed a significant procedural step, positioning him to potentially replace Jerome Powell soon amid an unusual bid by the White House to exert control over the central bank. The Senate Banking Committee approved Warsh’s nomination along party lines, with all 13 Republican members […]
Powell encounters a standoff with Trump as his time as Fed chair approaches its conclusion
Federal Reserve Chairman Jerome Powell Prepares for Last Conference Jerome Powell, the Chairman of the Federal Reserve, is set to conduct what may be his final press conference in his current role this Wednesday. However, his upcoming departure next month does not necessarily mean he will leave the Federal Reserve altogether—this could lead to a […]
Fed likely to maintain rates as Powell approaches what may be his final news conference
Federal Reserve Chair’s Upcoming Press Conference Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, noted the Justice Department’s recent decision to cease its investigation into Federal Reserve Chairman Jerome Powell during a segment on “The Bottom Line.” The announcement about interest rates is anticipated when Powell addresses the press on Wednesday, ahead of his term’s […]
A Significant Week for Powell, Warsh, and the Supreme Court
Will Powell Stay or Go? Wednesday could mark a significant moment for the Federal Reserve. Jerome Powell is set to host his final press conference as chairman, and the Senate Banking Committee is poised to vote on the nomination to replace Kevin Warsh. The Supreme Court is also in session and anticipated to release a […]
DOJ transfers Jerome Powell inquiry to the Federal Reserve Inspector General
DOJ Closes Investigation into Federal Reserve Chairman Jerome Powell The Department of Justice (DOJ) has concluded its criminal investigation concerning Federal Reserve Chairman Jerome Powell. U.S. Attorney for the District of Columbia, Jeanine Pirro, stated that her office is ending its inquiry into the Federal Reserve’s $2.5 billion renovation of its building. Oversight of the […]
Trump’s Justice Department ending criminal investigation of Jerome Powell regarding central bank updates
Justice Department Ends Investigation into Fed Chairman Powell WASHINGTON — The Justice Department has decided to close its criminal inquiry into Federal Reserve Chairman Jerome Powell concerning costly renovations at the Fed’s headquarters in Washington, D.C. U.S. Attorney Jeanine Pirro made the announcement on Friday, stating that the Fed’s inspector general will now look into […]
Trump warns of firing Jerome Powell from the Fed if he refuses to resign
Trump Threatens Powell with Dismissal President Trump has indicated he might terminate Federal Reserve Chairman Jerome Powell if Powell does not choose to resign. He further stressed that he isn’t planning to drop the ongoing criminal investigation into Powell. In an interview with Fox Business’ “Morning with Maria,” set to air on Wednesday, Trump remarked, […]
Bessent and Powell Hold Urgent Meeting with Banking Leaders to Address Risks Posed by Anthropic’s ‘Mythos’ AI
Emergency Meeting on Cybersecurity Risks from Mythos AI Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell held an urgent meeting with top Wall Street executives at the Treasury Department in Washington this week. The focus was on cybersecurity risks that have emerged from Anthropic’s latest AI model, Mythos. According to sources familiar with […]
Bessent and Powell caution Wall Street executives about the dangers of Anthropic AI, according to reports
Emergency Meeting on AI Cybersecurity Risks Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell held an urgent meeting on Tuesday with major Wall Street bank leaders in Washington, D.C. This gathering was prompted by growing cybersecurity threats associated with Anthropic, a prominent AI company, according to a Bloomberg report released Thursday night. During […]