Analysis: The Fed's Powell just delivered a new blow to Warsh's plans for swift rate cuts
CNBC
Oil prices were always going to be a problem for the next Fed nominee. On Wednesday Jerome Powell outlined another worry.
Federal Reserve chair nominee Kevin Warsh wants to lower interest rates. Fed officials signaled Wednesday that it may be even harder than expected for him to make that happen, should be he confirmed into that job any time soon.
Fed officials raised their predictions for the path of inflation and interest rates in data the central bank released Wednesday. That was largely expected given the spike in oil prices due to the Iran war. But Chair Jerome Powell said oil wasn't the only factor his colleagues were considering.
Higher forecasts for inflation are also "a reflection of the slow progress we've seen on tariffs," Powell said.
President Donald Trump tapped Sen. Markwayne Mullin, R-Okla., to replace Kristi Noem as the head of the Department of Homeland Security.
Israeli Defense Minister Israel Katz said Wednesday that Iran's Intelligence Minister Esmail Khatib has been killed in overnight strikes in Tehran.
Progressives and moderates vie for influence in Democratic primary while House primaries feature competitive races for retiring lawmakers' seats
Senators are expected to debate the election bill over the coming days and even weeks.
The House panel wants to question Bondi about the DOJ's compliance with the Epstein Files Transparency Act, which President Donald Trump signed into law.
Trump, a longtime NATO critic, said he sees the alliance as a "one way street — We will protect them, but they will do nothing for us."
The Manhattan subway project is designed to shorten commutes for more than 100,000 daily riders, while adding three new subway stations.
"Iran posed no imminent threat to our nation," Kent wrote in his letter to President Donald Trump.
Lawmakers say the new version of the Seedance AI video-generation app violates copyright and intellectual property laws.
The president recently launched a war in Iran after topping Venezuelan leader Nicolas Maduro by force.
The Iran war wasn't expected to derail the Trump-Xi meeting in China, but analysts said it would influence the talks and any agreements that come out of them.
Wiles "will be spending virtually full time at the White House" while being treated for breast cancer, President Donald Trump said Monday.