Fed watchdog finds no laws broken in $2.5 billion Fed renovation
The Federal Reserve inspector general also did not find fault with features the White House had complained were "ostentatious" and not compliant with the approved plans.
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The Federal Reserve inspector general also did not find fault with features the White House had complained were "ostentatious" and not compliant with the approved plans.
As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
The Federal Reserve is contending with rising inflation amid the war and a lackluster job market, along with the departure of Fed Chair Jerome Powell.
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Financial markets slumped Friday after President Trump threatened to raise tariffs on China over a dispute involving rare earths.
Employers added far fewer jobs last month than economists had predicted, prompting some experts to reassess the economy.
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Investors will be closely eyeing Powell's speech in Jackson Hole on Friday to see if the Fed chair hints at a potential rate cut at the central bank's next meeting.
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
The Federal Reserve Board will announce its next rate decision today, June 18, at 2 p.m. EST.
The President's criticism comes a day after the Federal chair said the time isn't yet right for a rate cut.
President Trump said he isn't planning on firing Federal Reserve chair Jerome Powell, one day after calling Powell a "major loser."
Trump administration economist Kevin Hassett said Powell's removal is being studied by the president and his team.
President Trump lashed out at Fed Chair Jerome Powell over interest rates, saying he should "certainly lower them now."
Federal Reserve Chair Jerome Powell said in a speech today that President Trump's tariffs are likely to boost U.S. inflation.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Powell says the Fed is in no hurry to change course, citing "uncertainty" over the impact of the Trump administration economic policies
Economy showed solid fourth-quarter growth, though roughly a percentage point below economist expectations.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
