Powell and Bessent talked about the cyber threat from Anthropic’s Mythos AI with major U.S. banks.
Federal Reserve and Treasury Officials Discuss Cyber Risks This week, Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent convened a meeting with top executives from major U.S. banks. The topic was the potential cyber threats related to Anthropic’s Mythos model, as confirmed by CNBC. Bank CEOs were already in Washington, D.C., for a […]
Fed Chief John Williams Says Powell Can Stay as Chair After Term Ends
Support for Powell’s Continuation as Fed Chairman New York Fed President John Williams expressed his support for Federal Reserve Chairman Jerome Powell to remain in his position until a successor is chosen. Powell’s term concludes on May 15th, and while President Trump has nominated Kevin Warsh as his replacement, confirmation may face delays. U.S. Senator […]
Judge denies DOJ request to lift subpoenas aimed at Fed’s Jerome Powell in sharp ruling
A federal judge turned down the Trump administration’s request on Friday to revisit the legality of two subpoenas aimed at the Federal Reserve, which were previously blocked last month. In his ruling, U.S. District Judge James Boasberg stated that the government did not present any new evidence or point out any errors in the earlier […]
Powell Dismisses the Oil-Inflation Advocates Pushing for Rate Increases
Jerome Powell Says Rising Oil Prices Won’t Prompt Fed Rate Hikes Jerome Powell made a notable statement today. Recent critiques of the nearing former Federal Reserve Chairman abound, but let’s shift focus to something positive from his remarks to Harvard students on Monday: an opportunity to commend his approach. The key takeaway from Powell was […]
Powell Indicates Fed is Likely to Overlook Iran Oil Disruption, Believes Inflation Expectations are Stable
Federal Reserve’s Stance on Energy Shocks Amid Iran Conflict Jerome Powell, the Chairman of the Federal Reserve, expressed on Monday that the central bank aims to navigate the current situation arising from the Iran conflict without triggering an energy shock. He noted that historical supply disruptions are typically short-lived, and despite the war, long-term inflation […]
Powell says there’s no need to raise interest rates at this time, officials should overlook rising energy costs
Powell Addresses Inflation Outlook Amid Rising Energy Prices On Monday, Federal Reserve Chairman Jerome Powell expressed that policymakers shouldn’t overly concern themselves with the increase in energy prices linked to the ongoing conflict with Iran, indicating that there’s currently no justification for raising interest rates. During his final public Q&A session before his term concludes […]
Powell cautions that a new energy supply crisis could raise inflation levels.
The Big Money Show discusses how escalating tensions in the Strait of Hormuz and Houthi attacks are pushing oil prices up, which is impacting global markets. Jerome Powell, the Chairman of the Federal Reserve, noted that the U.S. economy is currently grappling with a supply shock due to oil supply disruptions in the Middle East. […]
Wall Street leaders are urgently asking the White House to resolve Trump’s conflict with Powell.
Executives from Wall Street are pressing White House officials, including Treasury Secretary Scott Bessent, to step in amid the escalating conflict between President Trump and Federal Reserve Chairman Jerome Powell, as reported by On the Money. Powell, who was appointed by Trump during his initial term and has had his share of disagreements with the […]
Powell states he will stay at the Federal Reserve while the DOJ examines him.
Federal Reserve Chairman Powell Stays Amid Investigation Jerome Powell, the Chairman of the Federal Reserve, announced that he will remain at the central bank while the Justice Department investigates claims related to his testimony. “I will not resign until the investigation is fully resolved with transparency and finality,” he stated. Powell indicated that, should a […]
Powell Stays? Fed Chair Indicates He Will Remain If Justice Department Continues Investigation
Federal Reserve Chairman Statement on Investigation Federal Reserve Chairman Jerome Powell has stated that he plans to remain on the Fed’s board until the ongoing Justice Department investigation concludes. “I will not leave the Board until the investigation is successfully concluded with transparency and finality,” he mentioned, referring to a statement in the Fed’s preparedness […]