Tillis: "Hard to tell" where U.S. is in Iran war
Wednesday marks 53 days since the U.S. launched the war with Iran. Republican Sen. Thom Tillis of North Carolina joins "The Takeout" to discuss the state of the conflict and more.
Federal Reserve
Kevin Warsh on Fed independence
President Trump's nominee to head the Federal Reserve assured lawmakers on Tuesday that he would maintain strict independence. Kristin Myers, the senior vice president of content and editor in chief of ETF.com, joins CBS News with more.
Key moments at Warsh confirmation hearing
Kevin Warsh, President Trump's nominee to replace outgoing Federal Reserve Chair Jerome Powell, faced tense questioning from senators at his confirmation hearing on Tuesday. Here are some of the most notable exchanges.
What led to Cherfilus-McCormick's resignation?
Democratic Rep. Sheila Cherfilus-McCormick of Florida resigned from Congress on Tuesday ahead of a House Ethics Committee hearing to decide how to sanction her for more than two dozen campaign finance-related violations. CBS News congressional reporter Taurean Small has more.
Who will run the Federal Reserve if the Senate doesn't confirm Trump's pick?
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
Warsh asked about Lisa Cook firing
During questioning from Democratic Sen. Angela Alsobrooks, Kevin Warsh declined to weigh in on President Trump's attempt to fire Lisa Cook from her position on the Federal Reserve Board of Governors, a case that is now before the Supreme Court. "The Fed should stay in its lane," Warsh said.
Warsh denies Trump asked for interest rate cuts
Sen. Ruben Gallego pressed Kevin Warsh again about whether President Trump asked him to commit to lowering interest rates if he was nominated to lead the Federal Reserve. Warsh reiterated that the president never asked him to "commit to any such thing."
Warsh on state of U.S. economy
Kevin Warsh, President Trump's nominee for Federal Reserve chairman, explained why he believes the potential of the U.S. economy is improving despite low job growth.
Kevin Warsh denies he will be "sock puppet"
Kevin Warsh told GOP Sen. John Kennedy that he will not be President Trump's "human sock puppet" and will remain fully independent if he's confirmed as the chairman of the Federal Reserve.
Warsh asked about stance on interest rates
Sen. Chris Van Hollen, a Maryland Democrat, voiced his concerns about Kevin Warsh's shifting stance on interest rates over the years. Van Hollen asked Warsh why he was in favor of lowering interest rates while inflation remained high.
Senators question Kevin Warsh on transparency
President Trump's nominee for the next Federal Reserve chair, Kevin Warsh, faces questions from lawmakers Tuesday during his Senate confirmation hearing. CBS News' Kelly O'Grady has the latest.
Tillis blasts DOJ's "bogus" probe into Powell
GOP Sen. Thom Tillis of North Carolina spent his time during the confirmation hearing for Kevin Warsh slamming the Justice Department's "bogus investigation" into Federal Reserve Chairman Jerome Powell over renovation costs at the central bank's headquarters. Tillis said he will block Warsh's nomination until the Justice Department drops its investigation.
Reed asks Warsh about independence from Trump
Democratic Sen. Jack Reed of Rhode Island pressed Kevin Warsh about whether he would cave to President Trump's demands to lower interest rates if he were to become the next Federal Reserve chairman. Warsh appeared for his Senate confirmation hearing to replace Jerome Powell as the Fed chair in May.
Warsh criticizes Fed for inflation missteps
During questioning from GOP Sen. Tim Scott, Kevin Warsh criticized the Federal Reserve for "policy errors in 2021 and 2022" that allowed inflation to soar. "Once you let inflation take hold of the economy, it's more expensive and harder to bring it down," Warsh said. Warsh appeared before his Senate confirmation hearing to replace Jerome Powell as the Federal Reserve chairman.
Kevin Warsh faces Fed independence questions
Kevin Warsh, President Trump's pick to replace Federal Reserve Chair Jerome Powell, is facing questioning on Tuesday at his Senate confirmation hearing. CBS News' Caitlin Huey-Burns has the latest.
Warren grills Warsh at confirmation hearing
Sen. Elizabeth Warren grilled Federal Reserve Chair nominee Kevin Warsh about disclosing his financial assets and his independence from President Trump during tense questioning at his confirmation hearing on Tuesday.
Warsh gives opening statement at hearing
Kevin Warsh, President Trump's nominee to become the next Federal Reserve chairman, appeared before lawmakers for his Senate confirmation hearing on Tuesday. Warsh began his opening statement saying "America's economic growth potential is rising as we sit here today."
What to expect at Kevin Warsh's Fed chair confirmation hearing
Senators are likely to press Warsh, President Trump's nominee to succeed Jerome Powell as Fed chair, on his views about inflation and interest rates.
Why Jerome Powell — not Trump — will decide when the Fed chief steps down
President Trump would love to be finally rid of Fed Chair Jerome Powell. But firing him would kick up a legal firestorm and roil financial markets, experts said.
Prosecutors blocked from Fed after surprise visit
A source says prosecutors from Jeanine Pirro's office made a surprise visit to the Federal Reserve on Tuesday to access the building's ongoing renovations, but were denied entry. CBS News political director Fin Gómez has more.
Fed Chair nominee Warsh is worth well over $100 million, documents show
Warsh's wealth far outstrips that of outgoing Fed Chair Jerome Powell, whose most recent disclosure shows he is worth at least $19.5 million.
Fed's Powell tells students not to despair despite tough job market
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
DOJ found no evidence of a crime in Fed renovation project, prosecutor admits
The Justice Department's investigation of a $2.5 billion renovation project at the Federal Reserve found no evidence of a crime, a federal prosecutor privately conceded under questioning by a judge.
3 reasons the Federal Reserve's interest rate pause is worrying investors
Fed Chairman Jerome Powell used the phrase "we don't know" at least 14 times during his press conference. Investors are nervous.
Impact of rising fuel costs
As oil prices continue to rise and add to fears of higher inflation, the Federal Reserve on Wednesday voted to keep interest rates steady for now. Kelly O'Grady explains what to know.
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1 dead in incident on Six Flags Over Georgia roller coaster
