powell

A New Chair, A New Risk: Trump Taps Kevin Warsh to Replace Jerome Powell at the Fed

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Trump Taps Kevin Warsh to Replace Jerome Powell at the Fed

Key points What the White House announced (Trump Taps Kevin Warsh) President Trump said today he intends to nominate Kevin Warsh as the next chair of the Federal Reserve, calling him “highly respected” and capable of restoring favorable financial conditions. The nomination begins a Senate confirmation process that will test whether lawmakers see Warsh as … Read more

When Markets Meet the Justice Department: The Jerome Powell Investigation and What It Means for Stocks

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Key points (quick read) What happened — Jerome Powell Investigation U.S. prosecutors have opened an inquiry into Chair Jerome Powell tied to his testimony about a Federal Reserve building renovation. The Justice Department served grand-jury subpoenas to the Fed last Friday; Powell said the subpoenas included threats of criminal indictment. Why the Fed chair’s status … Read more