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Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower ratesThe US Senate confirmed Kevin Warsh as chair of the Federal Reserve, one of the most powerful roles in the federal government that holds e…
Prices rose 3.8% over the last year, according to Bureau of Labor Statistics data, highest jump since 2023Sign up for the Breaking News US newsletter emailUS inflation jumped to 3.8% in April as the war in the Middle East continued to drive energy pric…
Warsh would succeed outgoing Fed chair Jerome Powell as Trump continues his push to influence the US central bankSign up for the Breaking News US newsletter email The US Senate is expected to confirm Kevin Warsh this week as chair of the Federal Reserv…
Chair had said he’d leave after inquiry into building renovations but now says there are ‘remaining steps in the process’ he’s watchingSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Federal Reserve chair, Jerome Pow…
A Senate committee advances Trump’s pick as doubts linger over the Fed’s independence and Powell’s futureUS politics live – latest updatesSign up for the Breaking News US newsletter emailKevin Warsh, Donald Trump’s pick to lead the Federal Reserve, cl…
Kevin Warsh, Trump’s ‘central casting’, has a long road ahead of convincing board members to lower interest ratesDonald Trump’s fate is to be frustrated by monetary policy.Even assuming he gets his way and Kevin Warsh succeeds Jerome Powell as chair of…
Former Wall Street banker faces questions at confirmation hearing – but his biggest backer is also his biggest liabilityOn the face of it, Kevin Warsh looks like an ideal candidate to chair the Federal Reserve, the world’s most important central bank. …
This live blog is now closed.Virginia voters approve new congressional maps in blow to TrumpSign up for the Breaking News US emailDonald Trump said that he does not want to extend the two-week ceasefire with Iran, in an interview with CNBC. “I dont’ wa…
Finance chiefs to join exercise in Washington designed to assess how they would handle collapse of significant bankThe bosses of the central banks and treasuries of the UK, US and EU are to take part in a war game in Washington on Saturday to test how …
Democratic lawmakers urged Republican leaders to postpone the confirmation hearing of Kevin WarshSign up for the Breaking News US email to get newsletter alerts in your inboxDemocrats have moved to stall Donald Trump’s effort to exert greater control o…