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 […]
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 […]