U.S. President Donald Trump speaks at the Coosa Steel Corporation on Feb. 19, 2026 in Rome, Georgia. Chip Somodevilla | Getty Images Forty minutes before the federal government revealed that economic growth slowed sharply in the last quarter, President Donald Trump dropped a hint that the incoming data would be weaker. “The Democrat Shutdown cost…
The Senate should move to advance Kevin Warsh, President Donald Trump‘s nominee for Federal Reserve chairman, even as a federal criminal investigation into current chair Jerome Powell continues, Treasury Secretary Scott Bessent said Friday. Bessent, in an interview on CNBC’s “Squawk Box,” said he believes after speaking this week to Republicans on the Senate Banking…
Newly appointed Reserve Bank of India Governor Sanjay Malhotra after addressing a press conference, in Mumbai on Dec. 11, 2024. Indranil Mukherjee | Afp | Getty Images India’s central bank on Friday kept its policy rates steady, as trade deals with the E.U. and the U.S. are set to support the world’s fastest growing large…
President Donald Trump has picked Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve. In keeping with the president’s push for lower interest rates, Warsh is expected to be more supportive of cutting the Fed’s key benchmark rate later this year. “I have known Kevin for a long period of time, and have no doubt…
In his first stint at the Federal Reserve, Kevin Warsh came to a central bank that was about to be asked to save the world. He returns now under very different circumstances, asked to serve a notoriously fickle president who will place significant but very different demands on him. Warsh indeed is a Fed veteran,…
The Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader. Meeting market expectations, the central bank’s Federal Open Market Committee voted to keep its key interest rate in a range between 3.5%-3.75%. The…
Lisa Cook, governor of the US Federal Reserve, and U.S. President Donald Trump. Ting Shen | Bloomberg | Getty Images | Jonathan Ernst | Reuters The Supreme Court is set to hear oral arguments on Wednesday morning in a case over whether President Donald Trump has the power to fire Federal Reserve Gov. Lisa Cook…
President Donald Trump on Tuesday slammed Federal Reserve Chair Jerome Powell as either “incompetent” or “crooked,” even as his Department of Justice faces growing opposition over its criminal investigation of the central bank leader. Trump threw his latest punch at Powell after being asked whether the unprecedented action undermines confidence in the Fed, which has…
Milorad Kravic | E+ | Getty Images For many consumers, buying a car increasingly comes with a hefty monthly bill. The share of new-car buyers who pay $1,000 or more per month for their auto loans rose to a record 20.3% of all new vehicle purchases financed in the fourth quarter of 2025, according to…
Federal Reserve chair Jerome Powell speaks at a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on Dec. 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Justice Department’s criminal investigation of Federal Reserve Chair Jerome Powell may, at first glance, seem far removed from consumers’ finances —…
