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kevin warsh

Tillis affirms support of Warsh ahead of Wednesday vote

(The Center Square) – Kevin Warsh’s path to succeed Federal Reserve Chairman Jerome Powell has the support of U.S. Sen. Thom Tillis, the North Carolina Republican said multiple times Sunday. Jeanine Pirro, U.S. attorney for the District of Columbia, said Friday the Justice Department's criminal investigation

US Fed set to hold rates steady again on cost hikes from Mideast war

US Fed set to hold rates steady again on cost hikes from Mideast war

The US central bank is widely expected to keep interest rates unchanged at its policy meeting next week, as energy prices stay high and supply chains snarled due to war in the Middle East. The Federal Reserve's two-day meeting, starting Tuesday, could be chairman Jerome Powell'

Key US senator lifts block on Fed chair nominee

Key US senator lifts block on Fed chair nominee

Republican US Senator Thom Tillis said Sunday that he would support Kevin Warsh's nomination as Federal Reserve chairman after the investigation into the current Fed chief was dropped. Tillis had warned that he would oppose Warsh's confirmation unless a Department of Justice probe into Jerome Powell

Justice Dept ends criminal probe into US Fed chair Powell

Justice Dept ends criminal probe into US Fed chair Powell

The US Justice Department said Friday it is dropping a criminal probe on Federal Reserve Chair Jerome Powell, paving the way for his replacement's Senate confirmation, amid concerns over President Donald Trump's attacks on the independent central bank. "I have directed my office to close

Justice Department drops Federal Reserve probe, kicks to watchdog

(The Center Square) – U.S. Attorney for D.C. Jeanine Pirro said Friday she is closing the Justice Department's criminal investigation into Federal Reserve Chair Jerome Powell, days after a key hearing for his replacement. Pirro said she is referring the matter to the Fed's own

US stocks rise, shrugging off uncertain ceasefire prospects while oil prices jump

US stocks rise, shrugging off uncertain ceasefire prospects while oil prices jump

Oil prices climbed Wednesday while stocks were mixed as Iranian officials refused to reopen the Strait of Hormuz after US President Donald Trump announced the extension of a ceasefire. The continued de facto closure of the waterway crucial for global oil shipments did not phase Wall Street stocks, which spent

Kevin Warsh, a former Fed 'hawk' now in tune with Trump

Kevin Warsh, a former Fed 'hawk' now in tune with Trump

Kevin Warsh, Donald Trump's choice to lead the US central bank, was once an inflation foe but has since made the case that interest rates could be lower -- an outcome the president has pushed for. Trump announced in January that Warsh, 56, was his choice to succeed Federal