latest news in Federal Reserve
Kevin Warsh Nomination for Fed Chair Faces Senate Deadlock
Washington D.C., Tuesday, 3 March 2026.
Despite President Trump’s nomination, Kevin Warsh’s confirmation is stalled by a Republican senator citing an active DOJ investigation into Jerome Powell, casting doubt on the Federal Reserve’s upcoming leadership transition.
Administration Links Future Rate Cuts to Projected AI Productivity Surge
Washington D.C., Monday, 2 March 2026.
The administration argues AI will mirror the 1990s internet boom to justify rate cuts, though economists warn the sector’s massive resource consumption could conversely spike near-term inflation.
Federal Reserve Challenges Justice Department Subpoenas in Court Over Headquarters Renovation Probe
Washington D.C., Saturday, 28 February 2026.
The Federal Reserve’s move to quash DOJ subpoenas regarding headquarters renovations has stalled the confirmation of Trump’s nominee, Kevin Warsh, as lawmakers question the investigation’s political motives.