latest news in Federal Reserve

Warsh Becomes Frontrunner for Fed Chair as Trump Signals Preference to Retain Hassett

Warsh Becomes Frontrunner for Fed Chair as Trump Signals Preference to Retain Hassett

Washington, Friday, 16 January 2026.
Betting markets surged to 60% for Kevin Warsh as the next Fed Chair after President Trump signaled he cannot afford to lose rival contender Kevin Hassett from the White House.

Supreme Court Scrutinizes Presidential Authority to Direct Central Bank Policy

Supreme Court Scrutinizes Presidential Authority to Direct Central Bank Policy

Washington D.C., Friday, 16 January 2026.
Justices will decide if the President can control Fed policy, a power shift economists warn parallels the destabilizing political interference seen in emerging markets.

Dimon Warns DOJ Probe Into Federal Reserve Could Trigger Higher Interest Rates

Dimon Warns DOJ Probe Into Federal Reserve Could Trigger Higher Interest Rates

New York, Wednesday, 14 January 2026.
JPMorgan’s CEO warns the administration’s criminal probe into Chair Powell will backfire, creating market instability that forces the very interest rate hikes the White House hopes to prevent.

Massive National Debt Has Already Eroded Federal Reserve Independence

Massive National Debt Has Already Eroded Federal Reserve Independence

Washington D.C., Wednesday, 14 January 2026.
Economist Tyler Cowen argues the $38 trillion national debt has already nullified Federal Reserve independence, predicting years of 7% inflation may be necessary to erode the burden.

Federal Reserve Criminal Inquiry Threatens to Halt 2026 Interest Rate Cuts

Federal Reserve Criminal Inquiry Threatens to Halt 2026 Interest Rate Cuts

Washington, Monday, 12 January 2026.
Despite administration pressure for cheaper money, the DOJ’s criminal probe into Chair Powell is expected to freeze rate cuts throughout 2026, directly contradicting the President’s economic goals.

Criminal Investigation Opened Into Fed Chair Powell Over Renovation Testimony

Criminal Investigation Opened Into Fed Chair Powell Over Renovation Testimony

Washington D.C., Monday, 12 January 2026.
In an unprecedented move challenging the Federal Reserve’s independence, U.S. prosecutors have opened a criminal investigation into Chair Jerome Powell. The probe centers on allegations that Powell misled Congress regarding the scope and costs of the central bank’s headquarters renovation. While the inquiry focuses on construction details, Powell contends this legal action is a political pretext used by the Trump administration to pressure the Fed into lowering interest rates, raising critical questions about the future of monetary policy autonomy.