Warsh’s Argument for Reducing Rates Based on Supply-Side Economics
Now is an unusual time to call for a rate cut The most straightforward argument against cutting rates is that inflation is still running high while unemployment remains low. Wages are increasing, consumer spending seems resilient even with fluctuating gas prices, and the market appears to have largely abandoned hopes that the Fed will ease […]
Kevin Warsh’s initial task as Fed Chair is to tackle inflation while keeping Trump satisfied.
President Ben Bernanke’s tenure at the Federal Reserve during the financial crisis of 2008 and 2009 is often seen as groundbreaking. Now, new Fed Chairman Kevin Warsh faces his own set of challenges. The crises back then overshadow anything the Fed might face in the near future. Bernanke, aided by key figures like Tim Geithner […]
Powell for Now? Fed Names Powell Acting Chair Despite Warsh’s Confirmation
Jerome Powell Remains Federal Reserve Interim Chairman Jerome Powell continues his role at the Federal Reserve as the board has voted to appoint him as interim chairman until Kevin Warsh officially takes over. This was conveyed in a brief press release stating that such a temporary measure is typical during chair transitions. Interestingly, the release […]
Tillis Approves Warsh’s Confirmation for the Fed
Senate Republicans are moving closer to appointing Kevin Warsh as the next Chairman of the Federal Reserve after Senator Thom Tillis announced on Sunday that he would stop blocking the nomination. Senator Tillis, a Republican from North Carolina, had previously stalled Warsh’s nomination along with others due to a criminal investigation by the Justice Department […]
Pirro announces she will end the federal investigation delaying Warsh’s confirmation.
Investigation into Federal Reserve Renovation Costs Concludes On Friday, Washington’s attorney general announced the conclusion of an investigation regarding cost overruns tied to a renovation project at the Federal Reserve’s headquarters in Washington, D.C. Jeanine Pirro, the chief federal prosecutor in the area, shared in a post on X that the Federal Reserve’s Inspector General […]
Wall Street is becoming more positive about Kevin Warsh’s nomination for Fed chair.
Wall Street leaders are becoming more hopeful that the deadlock surrounding Kevin Warsh’s nomination to lead the Federal Reserve could be resolved before Jerome Powell’s term concludes next month, according to reports from On the Money. This sense of optimism is growing after Senator Thom Tillis (R-N.C.) suggested an “off-ramp” to President Trump, aimed at […]
Apple’s upcoming CEO, Warsh’s approval hearing, the rise in psychedelic stocks, and additional updates in Morning Squawk.
Good Tuesday morning! Today at 8:30 a.m. ET, President Donald Trump is set to have a live interview on CNBC’s “Squawk Box.” You can catch it live on CNBC or CNBC+. In the meantime, stock futures are showing signs of recovery after a recent downturn in the market. Here are five key points investors should […]
Kevin Warsh’s financial matters face examination before Federal Reserve confirmation hearing
Trump Considers Firing Jerome Powell as Warsh Confirmation Hearing Approaches There’s been a buzz around President Trump’s recent comments suggesting he might fire Federal Reserve Chairman Jerome Powell. This conversation emerged as Trump called for an ongoing criminal investigation into renovations at the Federal Reserve Headquarters. During a discussion led by Paul Gigot, panelists weighed […]
What is Kevin Warsh’s perspective on the Fed’s inflation goals?
Kevin Warsh’s Senate Testimony on Federal Reserve Nomination Kevin Warsh is set to testify on Tuesday regarding his nomination to lead the Federal Reserve, and it’s likely senators will ask him about the Fed’s inflation target of 2%. This comes in light of ongoing price pressures that have impacted the U.S. economy since the pandemic […]
Kevin Warsh’s nomination for Fed chair postponed as Senate hearing is moved to after next week.
The Senate hearing for Kevin Warsh, who is nominated by President Trump to take over Jerome Powell’s position at the Federal Reserve, has been delayed. Originally set for April 16, the new date hasn’t been established yet as the Senate Banking Committee is still waiting for the necessary documents, according to sources. To hold the […]