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Minneapolis Fed President Neel Kashkari dissented at this week's Fed meeting, warning that the U.S.-backed war with Iran could drive an oil shock that forces the central bank into multiple rate hikes. He argued the Fed must publicly acknowledge that hikes remain a real possibility to defend its 2% inflation target.
The Senate Banking Committee voted along party lines to advance Kevin Warsh's Fed chair nomination to the full Senate. All 13 Republican panel members supported him, with no Democratic votes. A final Senate floor vote is the last step before confirmation.
The US Federal Reserve held rates steady for the third straight meeting, with Jerome Powell pointing to energy prices and supply disruptions as key risks. A rate pause eases pressure on the Indian rupee and reduces capital outflow risk, but high crude oil prices remain a concern for India's import bill.
Jerome Powell said he will stay on the Federal Reserve board as a governor after his chairmanship ends May 15, though he did not say for how long. His continued board presence means he retains a vote on US interest rate decisions even after stepping down as chair.
The US Federal Reserve kept its benchmark rate unchanged at 3.5%, 3.75% for a third straight meeting on 29 April. The Fed flagged rising inflation risk from higher global energy prices as a reason to hold firm. Borrowing costs are likely to stay elevated until those pressures ease.
Kevin Warsh cleared a Senate committee vote, moving him closer to becoming the next Federal Reserve chair under Trump's nomination. His independence from White House influence is the key concern for markets and lawmakers. A full Senate floor vote is the next step.
The Federal Reserve is expected to hold interest rates steady at its next meeting, which may be Jerome Powell's last as chair. Trump has signaled he wants to replace Powell, raising questions about the Fed's future direction on rates. A leadership change could push markets to reprice bonds, the dollar, and rate
The Justice Department dropped its criminal investigation into Fed Chair Jerome Powell over a Federal Reserve renovation project, U.S. Attorney Jeanine Pirro announced Friday. No charges were filed. Powell remains in his role, removing a legal overhang on the Fed's leadership.
Tag
Minneapolis Fed President Neel Kashkari dissented at this week's Fed meeting, warning that the U.S.-backed war with Iran could drive an oil shock that forces the central bank into multiple rate hikes. He argued the Fed must publicly acknowledge that hikes remain a real possibility to defend its 2% inflation target.
2mo ago · 1 min · Global Affairs
The Senate Banking Committee voted along party lines to advance Kevin Warsh's Fed chair nomination to the full Senate. All 13 Republican panel members supported him, with no Democratic votes. A final Senate floor vote is the last step before confirmation.
2mo ago · 1 min · Global Affairs
The US Federal Reserve held rates steady for the third straight meeting, with Jerome Powell pointing to energy prices and supply disruptions as key risks. A rate pause eases pressure on the Indian rupee and reduces capital outflow risk, but high crude oil prices remain a concern for India's import bill.
2mo ago · 1 min · Global Affairs
Jerome Powell said he will stay on the Federal Reserve board as a governor after his chairmanship ends May 15, though he did not say for how long. His continued board presence means he retains a vote on US interest rate decisions even after stepping down as chair.
2mo ago · 1 min · Global Affairs
The US Federal Reserve kept its benchmark rate unchanged at 3.5%, 3.75% for a third straight meeting on 29 April. The Fed flagged rising inflation risk from higher global energy prices as a reason to hold firm. Borrowing costs are likely to stay elevated until those pressures ease.
2mo ago · 1 min · Economy
Kevin Warsh cleared a Senate committee vote, moving him closer to becoming the next Federal Reserve chair under Trump's nomination. His independence from White House influence is the key concern for markets and lawmakers. A full Senate floor vote is the next step.
2mo ago · 1 min · Global Affairs
The Federal Reserve is expected to hold interest rates steady at its next meeting, which may be Jerome Powell's last as chair. Trump has signaled he wants to replace Powell, raising questions about the Fed's future direction on rates. A leadership change could push markets to reprice bonds, the dollar, and rate
2mo ago · 1 min · Economy
The Justice Department dropped its criminal investigation into Fed Chair Jerome Powell over a Federal Reserve renovation project, U.S. Attorney Jeanine Pirro announced Friday. No charges were filed. Powell remains in his role, removing a legal overhang on the Fed's leadership.
2mo ago · 1 min · Global Affairs
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