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Top 13 federal reserve News Today

'Can we hop on a call?' Prosecutor's 'breezy' tone raised suspicions for Fed chair

#1 out of 13

business1d ago

'Can we hop on a call?' Prosecutor's 'breezy' tone raised suspicions for Fed chair

Rawstory.com

A Justice Department inquiry surfaced after informal emails raised questions about Fed renovations and Powell's testimony.
Fed officials were described as concerned the messages could signal a criminal inquiry.
The probe focused on renovations costs at the Fed headquarters and Powell's June testimony.
Officials noted there was no FBI involvement when the inquiry began, per the Post.
The emails requested discussions on Powell's testimony and the building's renovations, the Post reported.
Fed Chair Jerome Powell reportedly retained outside counsel amid the inquiry.
Two DOJ sources described the tone of the inquiries as potentially signaling criminal implications.
The topic included renovations on the National Mall project tied to the Fed’s headquarters costs.
The Post reported on the outset of the inquiry and related communications.
Officials noted the inquiry’s early, fact-gathering nature with no formal charges yet.

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Trump's Fed chair pick will be made to 'walk tightrope' right after being named: report

#2 out of 13562.0 est. views

politics1d ago

Trump's Fed chair pick will be made to 'walk tightrope' right after being named: report

Rawstory.com and 1 more

Trump is weighing two Kevins (Hassett and Warsh) as potential Fed chair candidates, with TV appeal influencing the choice and ongoing scrutiny from Congress during confirmation.
The White House faces a tough pre-nomination climate as attacks on Jerome Powell and DOJ investigations complicate the viability of any replacement.
Janet Yellen warned that Trump’s stance risks eroding credibility for a future Fed leader amid expectations of alignment with the president.
A DOJ investigation into Powell is cited as contributing to distrust around any prospective Fed chair before a nominee is announced.
Two Republican lawmakers, Thom Tillis and Lisa Murkowski, are highlighted as key observers who will closely scrutinize the nominee.
The pre-nomination atmosphere is shaped by Trump’s attacks on Powell, affecting how nominees are viewed before confirmation.
Kevin Hassett is repeatedly mentioned as a leading candidate, with his TV presence cited as a factor in the pick.
Kevin Warsh is noted for his 'acumen and good looks,' contributing to Trump’s consideration alongside Hassett.
Christopher Waller emerges as a suggested alternative to Hassett if concerns about independence persist.
The Daily Mail report frames the nomination as a politically fraught battle with intense scrutiny and strategic maneuvering.

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Trump’s economic adviser expects there is ‘nothing to see’ as justice department investigates Fed

#3 out of 13

politics1d ago

Trump’s economic adviser expects there is ‘nothing to see’ as justice department investigates Fed

Theguardian.com

Kevin Hassett, a top Trump economic adviser, said he expects there is nothing to see in the DOJ’s investigation of the Fed and its renovations.
The DOJ is pursuing a criminal investigation into the central bank’s headquarters renovations and Powell’s congressional testimony about costs.
Hassett said transparency should have been better and that the Fed must be independent and transparent if he led as chair.
Former Fed chairs condemned the investigation, warning such prosecutions can have negative effects on the cost of living.
Central banks worldwide issued a rare joint statement expressing solidarity with Powell.
If offered the Fed chair, Hassett said he would pursue independence and transparency.
Trump publicly praised Hassett for his performance on television, complicating a potential transition from his current role.
Hassett is described as a leading candidate to replace Powell as Fed chair when his term expires in May.
The DOJ investigation centers on project overruns and whether transparency was lacking in congressional testimony.
The Guardian article emphasizes a tense dynamic between the Fed’s independence and political scrutiny.

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Kevin Warsh soars ahead of Hassett in Polymarket, Kalshi odds on next Fed chair after Trump signal

#4 out of 13

politics1d ago

Kevin Warsh soars ahead of Hassett in Polymarket, Kalshi odds on next Fed chair after Trump signal

Nypost.com and 1 more

Trump signals openness to keeping Hassett in his current role, shifting expectations toward Warsh as a favored successor who could replace Powell.
New reference indicates bond-market reactions: yields rise as markets price Warsh’s hawkish tilt and easier path to replacing Powell.
Powell’s status and timing remain uncertain, with May as Powell’s nominal end date and ongoing debate over future independence.
Warsh's odds ascend to about 59% in major markets, signaling growing confidence in his candidacy over Hassett and Waller.
Polymarket mirrors Kalshi’s view, with Warsh leading and Hassett trailing, reinforcing a hawkish tilt in market expectations.
Trump’s comments are linked to a White House dynamic that could influence the Fed chair pick, potentially limiting Hassett’s bargaining power.
The reference highlights a broader context: market odds tied to Trump remarks and ongoing investigations surrounding Powell.
The Fortune reference emphasizes a hawkish Warsh profile as a more confirmation-friendly option for Senate Republicans.
The reference notes Trump’s longer-term search dynamics and the potential constraint on Hassett due to independence concerns.
Market commentary points to Rick Rieder as a distant option, underscoring Warsh’s relative strength in predictions.

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Criminal investigation raises key question: Whether Chair Powell leaves Fed in May

#5 out of 13562.0 est. views

politics1d ago

Criminal investigation raises key question: Whether Chair Powell leaves Fed in May

Apnews.com

The DOJ investigation into Powell could shape Powell’s future at the Fed and the White House's influence over the bank.
Powell’s chair term ends May 15, but he may stay on the Fed’s board until 2028, a move that would affect leadership control.
Analysts say staying on the board could deny the White House a majority on Fed appointments.
Trump has pressed Powell over rate cuts, linking the investigation to policy leverage.
If no new chair is confirmed by May 15, Powell could remain until a successor is confirmed.
The piece notes historical examples of chairs staying on the board after stepping down as chair.
The investigation could complicate Trump’s attempts to appoint a Fed chair aligned with his policy aims.
Republican senators have expressed skepticism about Powell’s conduct under oath.
The piece frames the situation as a governance test for the Fed’s independence.

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Fed alarmed after DOJ emails spark fears of criminal probe tied to Trump feud

#6 out of 13

politics1d ago

Fed alarmed after DOJ emails spark fears of criminal probe tied to Trump feud

Rawstory.com

Federal Reserve officials grew alarmed after a DOJ prosecutor sought an off-the-record chat about Fed renovations.
The outreach came from a political appointee in U.S. Attorney Jeanine Pirro’s office.
Powell hired outside counsel and declined engagement with the prosecutor.
The incident has intensified tensions between the Fed and the White House.
Officials fear the probe targets the Fed more for political pressure than construction costs.
The report cites multiple sources familiar with the exchanges.
The article emphasizes timing around the 2025-2026 political environment.
Powell attended a press conference following a FOMC statement in 2025.
The piece frames the issue as a possible criminal implication tied to a political feud.
The article appears on Raw Story and includes video and related reads.

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MAGA Wall Street Bros Beg Trump to End His ‘Next Level Dumb’ Revenge Plot

#7 out of 1336.5K est. views

politics21h ago

MAGA Wall Street Bros Beg Trump to End His ‘Next Level Dumb’ Revenge Plot

Thedailybeast.com

Trump supporters on Wall Street press to end the Powell probe as markets could be unsettled.
Executives say the probe could spook markets and hinder the economy by delaying rate decisions.
Senators warn the investigation could undermine Fed independence and market stability.
Powell defended the Fed’s stance while indicating the probe is politically motivated.
International central banks voiced support for Powell’s independence.
Lawmakers on Republican side voice concerns about the probe’s impact on markets.
Some Republican lawmakers warned against destabilizing markets by probing the central bank.
The article sketch notes Powell’s resignation could come under pressure if the investigation accelerates.
The Daily Beast frames the probe as part of a broader political clash between Trump allies and Powell.
The report highlights tension between political goals and central bank independence.

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Trump tells Hassett he wants to keep him where he is; Warsh Fed chair odds jump

#8 out of 13562.0 est. views

politics17h ago

Trump tells Hassett he wants to keep him where he is; Warsh Fed chair odds jump

Cnbc.com and 2 more

Trump signals a preference to keep Hassett in the White House, creating uncertainty about who would lead the Fed and delaying a formal chair selection.
New reference shows Warsh rising as Fed chair contender as markets react to Trump's comments regarding Hassett.
Powell’s subpoenas enter the debate, underscoring partisan tensions over Fed independence amid White House signals.
A federal probe adds pressure on Powell and spurs GOP scrutiny of Fed independence amid the leadership strain.
Powell’s term ends May 15, with potential to stay as a governor, enabling continued influence over policy.
Hassett remains the conventional front-runner to replace Powell due to his Trump connection and central role in policy circles.
Warsh could be easier to confirm, potentially tilting the path if Hassett’s proximity to Trump complicates approval.
Analysts warn Hassett’s closeness to Trump could weigh against confirmation amid independence concerns.
Markets respond to the leadership scramble, with the 10-year yield nudging higher on odds of Warsh-led leadership.
The broader coverage highlights ongoing signaling about Fed leadership and the balance between independence and executive influence.
AP reports corroborate Hassett’s White House role and frame broader implications for Fed governance and independence.

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Scott Bessent says Jerome Powell probe likely due to the chairman's 'construction incompetence'

#9 out of 1323.6K est. views

politics13h ago

Scott Bessent says Jerome Powell probe likely due to the chairman's 'construction incompetence'

Foxbusiness.com

Scott Bessent told Kudlow the Powell probe is likely due to construction incompetence, signaling internal issues at the Fed.
Bessent urged for an internal investigation or internal review at the Fed to improve transparency.
Trump’s team is weighing a successor for Powell, with Kevin Hassett mentioned as a leading contender.
Bessent highlighted Powell’s removal prospects as part of Trump’s deliberate selection process.
The interview connected the probe to broader discussions about Fed accountability and policy decisions.
Powell acknowledged the probe as 'unprecedented' during a Fed video message.
Trump signaled a January announcement for Powell's successor, with possible timing around Davos.
Bessent spoke at Minnesota event, describing the Fed chair race and potential changes to leadership structure.
The discussion framed Powell's investigation within political maneuvering over monetary policy and Fed independence.

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#10

Rick Rieder discusses Fed profitability, monetary policy stability during interview for chair role

#10 out of 133.4K est. views

politics13h ago

Rick Rieder discusses Fed profitability, monetary policy stability during interview for chair role

Foxbusiness.com

Rick Rieder outlined the profitability concerns surrounding the Federal Reserve and its implications for markets.
The interview stressed the need for monetary policy stability amid U.S. debt dynamics.
The Oval Office interview was part of the process to select a potential Fed chair for the administration.
Trump intends to decide on a Fed chair candidate by the end of January, sources say.
The list of finalists includes Kevin Warsh, Kevin Hassett, and Christopher Waller alongside Rieder.
Powell’s term as Fed chair ends in 2025, shaping the timing of a transition.
The interview covered how leadership changes could influence interest-rate policy.
The session emphasized the broader context of debt dynamics and fiscal policy.
The discussion occurred with top aides present, signaling interagency coordination.

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