U.S. World Business Lifestyle
Today: May 22, 2026
Today: May 22, 2026

Jerome Powell

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Trading Day: Tech in a world of its own

Oil prices rose again on Monday on the lack of any sign that the Strait of Hormuz will reopen soon, but that didn't prevent the S&P 500 and

Trading Day: Tech in a world of its own
Business|Economy|Political

Senate panel to vote on Wednesday on advancing Fed chair Warsh's nomination

The Senate Banking Committee is expected on Wednesday to advance Kevin Warsh's nomination as Federal Reserve Chair to the full Senate, with a vote now set for 10 a.m.

Senate panel to vote on Wednesday on advancing Fed chair Warsh's nomination
Business|Economy|Finance

Fed likely to hold rates steady as Powell prepares for possible swan song

Federal Reserve policymakers will gather in Washington this week in what may be Jerome Powell's last meeting as head of the U.S. central bank, with

Fed likely to hold rates steady as Powell prepares for possible swan song
Business|Economy|Finance|Technology|World

Oil and chips

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The weekend brought us stalemate in Iran, resurgent oil prices, and

Oil and chips
Business|Economy

Thom Tillis agrees to move forward with Kevin Warsh’s Fed nomination

Thom Tillis agrees to move forward with Kevin Warsh’s Fed nomination

Thom Tillis agrees to move forward with Kevin Warsh’s Fed nomination
Business|Economy|Finance|Political|Stock Markets|US

Tillis says he's ready to move ahead with confirming Warsh as Trump's pick as Fed chair

The Republican senator who had effectively blocked confirmation of President Donald Trump’s pick to lead the Federal Reserve says he's dropping his opposition after the Department of Justice ended its investigation of the current central bank chair

Tillis says he's ready to move ahead with confirming Warsh as Trump's pick as Fed chair
Business|Economy|Finance

US Senator Tillis says he's ready to advance confirmation of Warsh as Fed chair

Republican Senator Thom Tillis on Sunday said he would allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward after the Department of Justice on

US Senator Tillis says he's ready to advance confirmation of Warsh as Fed chair
Business|Economy|Finance|World

Don't count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changes

President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office

Don't count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changes
Business|Economy

How the DOJ went from investigating Powell to dropping the case

The Federal Reserve's years-long renovation of two historic buildings along the National Mall to be used as part of its headquarters in Washington exploded into political

How the DOJ went from investigating Powell to dropping the case
Business|Crime|Economy|Finance|Political

Justice Dept drops investigation into Fed Chair Powell, removing obstacle to Warsh

The Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, U.S.

Justice Dept drops investigation into Fed Chair Powell, removing obstacle to Warsh
Business|Crime|Economy|Political|US

Jeanine Pirro drops criminal probe of Jerome Powell

Jeanine Pirro drops criminal probe of Jerome Powell

Jeanine Pirro drops criminal probe of Jerome Powell
Business|Economy|Finance|US|World

Justice Department drops criminal probe of Fed chair Powell, likely clearing the way for Warsh

The Justice Department has ended its investigation into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of Kevin Warsh as his successor

Justice Department drops criminal probe of Fed chair Powell, likely clearing the way for Warsh
Business|Economy|Finance|Stock Markets|US

Instant View: End of Powell probe relieves uncertainty over Fed succession plan

The Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, U.S.

Instant View: End of Powell probe relieves uncertainty over Fed succession plan
Business|Economy|Environment|Finance|Stock Markets|Technology|World

Schrödinger’s ceasefire

Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!

Schrödinger’s ceasefire
Business|Economy|Finance|World

Warsh's quest for better inflation data is a well-worn, difficult pursuit for Fed

Federal Reserve Chair nominee Kevin Warsh has called for a major rethink of how to measure inflation, but he may have less trouble finding new

Warsh's quest for better inflation data is a well-worn, difficult pursuit for Fed
Business|Economy|Finance

Fed chair pick Warsh makes case for smaller Fed holdings in hearing

Kevin Warsh, tapped by President Donald Trump to lead the Federal Reserve, told a Senate panel on Tuesday he would work with the Treasury Department to help achieve his

Fed chair pick Warsh makes case for smaller Fed holdings in hearing
Business|Economy|Finance|Interview|Political|Stock Markets|US

Five things learned at Fed nominee Warsh's Senate hearing

In testimony Tuesday at the Senate Banking Committee, Federal Reserve Chair nominee Kevin Warsh never said if he agrees with President Donald Trump's view that the Fed's policy

Five things learned at Fed nominee Warsh's Senate hearing
Business|Economy|Finance|US|World

Warsh says he got no pressure from Trump to cut rates even as president publicly pushes for them

President Donald Trump’s nominee to chair the Federal Reserve says that he never promised the White House he would cut interest rates, even as the president renewed his calls for the central bank to do so

Warsh says he got no pressure from Trump to cut rates even as president publicly pushes for them
Business|Economy|US

Fed nominee Warsh spars with Democratic senators over asset divestment plan

By Michael S.

Fed nominee Warsh spars with Democratic senators over asset divestment plan
Business|Economy|Political|World

Warsh says he made no rate-cut promises to Trump, plans 'robust' Fed reforms

Federal Reserve chief nominee Kevin Warsh said on Tuesday he had made no promises to President Donald Trump about cutting interest rates, as he

Warsh says he made no rate-cut promises to Trump, plans 'robust' Fed reforms
Business|Economy|Finance|Political

Fed chair nominee Warsh has big ideas. Here are some, in his own words

Kevin Warsh, picked by President Donald Trump to succeed Federal Reserve Chair Jerome Powell, has big plans for the central bank once he takes the helm. Regime change.

Fed chair nominee Warsh has big ideas. Here are some, in his own words
Business|Economy|Finance|World

Fed nominee Warsh prepares for monetary policy road test before Senate panel

After more than a decade criticizing the U.S. central bank, former Federal Reserve Governor Kevin Warsh faces a mark-to-market moment in a Senate

Fed nominee Warsh prepares for monetary policy road test before Senate panel
Business|Economy|Finance

Here’s what Trump’s Fed pick could have in store for the world’s most powerful central bank

Here’s what Trump’s Fed pick could have in store for the world’s most powerful central bank

Here’s what Trump’s Fed pick could have in store for the world’s most powerful central bank
Business|Economy|Election|Environment|Finance|Political|Stock Markets|US|World

Sen. Warren calls for greater transparency into Federal Reserve nominee's financial holdings

President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee

Sen. Warren calls for greater transparency into Federal Reserve nominee's financial holdings
Business|Economy|World

France's Villeroy says central bank independence is prerequisite for successful monetary policy

Central bank independence is a prerequisite for successful monetary policy, Bank of France Governor Francois Villeroy de Galhau said on Thursday.

France's Villeroy says central bank independence is prerequisite for successful monetary policy
Business|Economy|Finance|Stock Markets|US|World

Stronger, broader hiring could ease Fed job market worries

Hiring that strengthened and broadened in March will likely cement the U.S.

Stronger, broader hiring could ease Fed job market worries
Business|Economy|Finance|Political|Stock Markets|US

Fed leadership transition on shaky ground as clock ticks on Powell's term

The prospect of a smooth-and-on-time transition to U.S.

Fed leadership transition on shaky ground as clock ticks on Powell's term
Business|Economy|Finance|Stock Markets|US|World

Fed's Williams says Middle East war will drive up inflation - Bloomberg

By Michael S.

Fed's Williams says Middle East war will drive up inflation - Bloomberg
Business|Economy|Finance|World

Fed's Williams: FOMC leadership not in question amid slow Warsh confirmation

Federal Reserve Bank of New York President John Williams said on Tuesday that U.S.

Fed's Williams: FOMC leadership not in question amid slow Warsh confirmation
Business|Crime|Economy|Political|World

Trump threatens to fire Powell if he doesn't quit Fed board; ongoing probe clouds Warsh confirmation

President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell from his separate seat on the U.S. central bank's Board

Trump threatens to fire Powell if he doesn't quit Fed board; ongoing probe clouds Warsh confirmation
Business|Economy|Finance|Stock Markets|US|World

Trading Day: S&P 500, Nasdaq nab all-time closing highs, buoyed by Middle East optimism

The S&P 500 and the Nasdaq both logged record closing highs on Wednesday as investors assessed developments in the U.S.-Iran conflict and turned their

Trading Day: S&P 500, Nasdaq nab all-time closing highs, buoyed by Middle East optimism
Economy|Finance|Political|Stock Markets|US|World

Senate committee delays Fed nominee's hearing, Punchbowl reports

The U.S. Senate Banking Committee is no longer planning to hold a confirmation hearing for Kevin Warsh, U.S.

Senate committee delays Fed nominee's hearing, Punchbowl reports
Business|Economy|Finance

Regional Fed banks may be key front in battle for central bank's independence

San Francisco Federal Reserve President Mary Daly wasn't elected by popular vote, wasn't chosen by an elected official

Regional Fed banks may be key front in battle for central bank's independence
Business|Economy|Finance|Political|US|World

White House confident Warsh will lead Fed in May

White House economic adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as Federal Reserve chairman in May and that he did not expect

White House confident Warsh will lead Fed in May
Business|Economy

Fed chief nominee Warsh clears one hurdle for Senate hearing, CNBC reports

Federal Reserve chair nominee Kevin Warsh nL6N3YV0Q5 has submitted required paperwork to the U.S.

Fed chief nominee Warsh clears one hurdle for Senate hearing, CNBC reports
Business|Crime|Economy|Political|World

US prosecutors make surprise visit to Federal Reserve office

Prosecutors from U.S.

US prosecutors make surprise visit to Federal Reserve office
Business|Economy|Political|World

More Federal Reserve officials see possible rate hikes this year, minutes show

More Federal Reserve policymakers were willing to consider an interest rate hike this year at their March meeting than in January, as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months

More Federal Reserve officials see possible rate hikes this year, minutes show
Economy|Education|Environment|Finance|Technology|World

Fed is watching energy price spikes, but Chair Powell says bank is limited in what it can do

Federal Reserve Chair Jerome Powell says it's important to closely monitor inflation amid a spike in energy prices from the Iran war as the average price for for gasoline nears $4 a gallon in the U.S. But he also said Monday, addressing students at Harvard University, that there isn't a lot Fed policymakers could do

Fed is watching energy price spikes, but Chair Powell says bank is limited in what it can do
Business|Economy|Finance|Political|Stock Markets|US|World

With his war in Iran, Trump just made the next Fed chair’s job even harder

With his war in Iran, Trump just made the next Fed chair’s job even harder

With his war in Iran, Trump just made the next Fed chair’s job even harder
Business|Economy|Finance|Political|Stock Markets|US|World

White House formally nominates Warsh to be Federal Reserve chair

The Trump administration has formally nominated Kevin Warsh, a former top Federal Reserve official, to be next Fed chair when Jerome Powell’s term ends in two months

White House formally nominates Warsh to be Federal Reserve chair
Business|Economy

Kevin Hassett says Fed researchers should be ‘disciplined’ over report that Americans are paying tariffs

Kevin Hassett says Fed researchers should be ‘disciplined’ over report that Americans are paying tariffs

Kevin Hassett says Fed researchers should be ‘disciplined’ over report that Americans are paying tariffs
Business|Economy|Finance|Political|US

GOP senator says he's open to compromise on Trump’s nominee to chair the Federal Reserve

Republican Sen. Thom Tillis from North Carolina suggests he could support a compromise that would allow the Senate Banking Committee to start hearings on Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve

GOP senator says he's open to compromise on Trump’s nominee to chair the Federal Reserve
Business|Economy|Political

Trump jokes about suing his Federal Reserve nominee Warsh over interest rates at elite Washington dinner

Trump jokes about suing his Federal Reserve nominee Warsh over interest rates at elite Washington dinner

Trump jokes about suing his Federal Reserve nominee Warsh over interest rates at elite Washington dinner
Business|Economy|Finance|Political|Stock Markets|US|World

Trump says he will announce his Federal Reserve chair nominee on Friday morning

President Donald Trump said he plans to announce his choice for Federal Reserve chairman on Friday morning

Trump says he will announce his Federal Reserve chair nominee on Friday morning
Business|Economy|Finance

Who is Fed chair nominee Kevin Warsh?

President Donald Trump says he’ll tap former Federal Reserve governor Kevin Warsh as the next Fed chair to replace Jerome Powell in May

Who is Fed chair nominee Kevin Warsh?
Business|Economy|Finance|World

Warsh's challenge: Navigating Fed independence and Trump's demands

Kevin Warsh has sought the job of Federal Reserve chair, off and on, since President Donald Trump first considered him for the position nearly a decade ago

Warsh's challenge: Navigating Fed independence and Trump's demands
Business|Economy

3 things to know about Kevin Warsh, Trump’s nod for Fed chair

Trump’s pick to helm the Fed is well known in the financial world, but his monetary policy views have evolved to align more with the president’s desire for lower rates.

3 things to know about Kevin Warsh, Trump’s nod for Fed chair
Business|Economy|Finance|Stock Markets|US|World

Powell hints at extended pause on rate cuts but stays mum on Trump attacks

Powell hints at extended pause on rate cuts but stays mum on Trump attacks

Powell hints at extended pause on rate cuts but stays mum on Trump attacks
Business|Economy|Finance|Political|World

Federal Reserve keeps interest rates unchanged even as Trump continues to insist they be lowered

The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year

Federal Reserve keeps interest rates unchanged even as Trump continues to insist they be lowered
Asia|Business|Economy|Finance|Stock Markets|World

After a day of sharp swings, Wall Street ends nearly where it began

A day of dramatic swings on Wall Street, including Microsoft's worst drop in nearly six years, finished with only relatively modest moves

After a day of sharp swings, Wall Street ends nearly where it began
Business|Economy|Finance|Political|Stock Markets|US

Fed expected to keep rates unchanged as Chair Powell pivots back to economics

After two weeks of intense political and legal scrutiny, the Federal Reserve will seek to make this week’s meeting about interest rates as straightforward and uneventful as possible, though President Donald Trump probably still won’t like the result

Fed expected to keep rates unchanged as Chair Powell pivots back to economics
Economy|Finance|Political|Stock Markets|US

Supreme Court conservatives have downplayed Trump’s conduct. The Fed case may change that

Supreme Court conservatives have downplayed Trump’s conduct. The Fed case may change that

Supreme Court conservatives have downplayed Trump’s conduct. The Fed case may change that
Business|Economy|US|World

AP Source: Fed Chair Powell to attend Supreme Court argument on Cook case

Federal Reserve Chair Jerome Powell will attend the Supreme Court’s oral arguments Wednesday in a case involving the attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair

AP Source: Fed Chair Powell to attend Supreme Court argument on Cook case
Business|Economy|Finance|Political|US

Will the Supreme Court continue to protect the Federal Reserve from Donald Trump?

Will the Supreme Court continue to protect the Federal Reserve from Donald Trump?

Will the Supreme Court continue to protect the Federal Reserve from Donald Trump?
Business|Economy|Political|World

Republicans vouch for Fed chair, creating a rare schism with Trump

Republicans in Congress are supporting Federal Reserve Chair Jerome Powell as the Trump administration ramps up its pressure campaign against the central bank

Republicans vouch for Fed chair, creating a rare schism with Trump
Business|Economy|World

Trump says he wants to keep Hassett in White House, clouding Fed chair selection

President Donald Trump on Friday said he would like to keep his top economic adviser, Kevin Hassett, at the White House rather than potentially nominate him to replace Jerome Powell as chair of the Federal Reserve

Trump says he wants to keep Hassett in White House, clouding Fed chair selection
Business|Economy

Criminal investigation raises key question: Whether Chair Powell leaves Fed in May

The Justice Department’s investigation into Federal Reserve Chair Jerome Powell has brought heightened attention to a key drama that will play out at the central bank in the coming months: Will Powell leave the Fed when his term as chair ends, or will he take the unusual step of remaining a governor

Criminal investigation raises key question: Whether Chair Powell leaves Fed in May
Business|Crime|Economy

Treasury Secretary Scott Bessent is reportedly unhappy with criminal investigation of Fed Chair Jerome Powell

CNN This Morning examines why some Republicans are calling the criminal investigation of Jerome Powell an "unwelcome distraction"

Treasury Secretary Scott Bessent is reportedly unhappy with criminal investigation of Fed Chair Jerome Powell
Business|Economy|Finance|US

Inflation cooled slightly in December though it remains above Fed's target

Inflation declined a bit last month as prices for gas and used cars fell, a sign that cost pressures are slowly easing

Inflation cooled slightly in December though it remains above Fed's target
Business|Economy|Finance|Stock Markets|US

JPMorgan Chase profits rise 9% in the fourth quarter excluding hit from the Apple Card acquisition

JPMorgan Chase is reporting a 9% rise in adjusted profits for the fourth quarter, benefiting from a strong economy in both consumer and investment banking

JPMorgan Chase profits rise 9% in the fourth quarter excluding hit from the Apple Card acquisition
Business|Economy|Finance

DOJ criminal probe highlights risk of Fed losing independence – a central bank scholar explains what’s at stake

The investigation follows Fed Chair Jerome Powell’s refusal to toe the White House’s line over interest rate cuts.

DOJ criminal probe highlights risk of Fed losing independence – a central bank scholar explains what’s at stake
Business|Crime|Economy|Political

DOJ investigation of Fed Chair Powell sparks backlash, support for Fed independence

The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell has sparked a backlash that may undermine the White House’s goals

DOJ investigation of Fed Chair Powell sparks backlash, support for Fed independence
Business|Economy|Finance|Stock Markets

The Latest: Minnesota and the Twin Cities sue federal government to stop immigration crackdown

Minnesota and the Twin Cities are suing the federal government to stop surge by federal immigration authorities

The Latest: Minnesota and the Twin Cities sue federal government to stop immigration crackdown
Business|Economy|Finance|Stock Markets|World

Wall Street ticks to records after shaking off worries about Trump's feud with the Fed

Wall Street ticked to more records after bouncing back from early losses taken because of worries about the worsening feud between the White House and the Federal Reserve

Wall Street ticks to records after shaking off worries about Trump's feud with the Fed
Business|Economy|Finance|World

Stocks shrug, hit record highs after Trump ups the ante against Jerome Powell and the Fed

Stocks shrug, hit record highs after Trump ups the ante against Jerome Powell and the Fed

Stocks shrug, hit record highs after Trump ups the ante against Jerome Powell and the Fed
Business|Crime|Economy|Finance|Political|Stock Markets|US

Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment

Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations

Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
Business|Economy|Finance|Political|Stock Markets|US|World

The US gained 64,000 jobs in November but lost 105,000 in October; unemployment rate at 4.6%

The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports

The US gained 64,000 jobs in November but lost 105,000 in October; unemployment rate at 4.6%
Business|Economy|Finance|Stock Markets|World

Federal Reserve cuts key rate, sees healthier economy next year

The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months

Federal Reserve cuts key rate, sees healthier economy next year
Business|Economy|World

Takeaways: Powell says the Fed has delivered enough rate cuts for now

Takeaways: Powell says the Fed has delivered enough rate cuts for now

Takeaways: Powell says the Fed has delivered enough rate cuts for now
Business|Economy|Finance

Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds

The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell’s ability to corral the necessary support from fellow policymakers for a third straight interest rate cut

Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds
Asia|Business|Economy|Finance|Stock Markets|US|World

Dollar weak with rate-cut enthusiasm intact, euro at 7-week high

The U.S. dollar was soft on Thursday after lacklustre economic data cemented the case for a rate cut from the Federal Reserve next week, providing relief

Dollar weak with rate-cut enthusiasm intact, euro at 7-week high
Business|Economy|Finance|Stock Markets|World

A far from quiet end to the year 

A look at the day ahead in U.S. and global markets by Dhara Ranasinghe, Editor, Financial Markets EMEA. What matters in U.S. and global markets today. 

A far from quiet end to the year 
Business|Economy|Finance|Stock Markets|Technology

Wall Street ends lower as yields climb; crypto stocks drop

U.S. stocks closed modestly lower on Monday, weighed down by a jump in Treasury yields and economic data that showed tariffs remained a drag on the

Wall Street ends lower as yields climb; crypto stocks drop
Business|Economy|Finance|Stock Markets|World

Wall St opens lower ahead of Powell speech, manufacturing data

Wall Street's main indexes opened lower on Monday as investors stood on the sidelines ahead of fresh economic data and a closely watched speech from Federal Reserve Chair Jerome

Wall St opens lower ahead of Powell speech, manufacturing data