Core Viewpoint - The nomination of Kevin Warsh to lead the Federal Reserve by President Trump is facing potential delays in the Senate due to Republican opposition linked to a criminal investigation of current Fed Chair Jerome Powell [1][5]. Group 1: Nomination and Confirmation Process - Kevin Warsh has been nominated to succeed Jerome Powell as Federal Reserve Chair, but his confirmation requires a simple majority in the Senate, which typically involves a hearing and vote in the Senate Banking Committee [1]. - Senator Thom Tillis has stated he will oppose any Federal Reserve nominee until the conclusion of the criminal probe into Powell, which adds significant weight to the opposition given his position on the Senate Banking Committee [3][4]. Group 2: Criminal Investigation Context - The Department of Justice is conducting a criminal investigation into Powell's congressional testimony regarding the renovation of the Federal Reserve's buildings, which has escalated tensions between the Trump administration and the Federal Reserve [9][10]. - Powell described the investigation as "unprecedented" and indicative of ongoing threats from Trump towards the central bank, marking a significant departure from his usual measured approach [10][11]. Group 3: Implications for Federal Reserve Independence - Tillis emphasized the importance of protecting the Federal Reserve's independence from political interference, stating that this principle is non-negotiable [5]. - Powell advised that the next Fed chair should avoid involvement in elected politics and reiterated the necessity of an independent central bank [11].

POTENTIALLY HAVE AND I FROM THIS ADMINISTRATION. JONATHAN: THEY MADE THEMSELVES EASY TO FIND. LET'S TURN TO THE FEDERAL RESERVE, TRADERS TURNED TO THE FIRST CENTRAL-BANK DECISION OF THE YEAR.JOINING US NOW IS ENDA CURRAN. SOME POTENTIAL SPIES IN THIS NEWS CONFERENCE GIVEN CHAIRMAN POWELL'S ASSERTIVE POSTURE TOWARD THE WHITE HOUSE. ENDA: A LOT OF POLICY AND POLITICS. A LOT OF INTEREST AROUND ANY FRESH COMMENTARY AROUND THE NEUTRAL RATE.WHERE ARE THEY IN THE LABOR MARKET. DO THEY THINK THE LABOR MARKET WILL S ...

A simmering feud between the Trump administration and the Federal Reserve reached a boiling point this weekend as the administration opened a criminal investigation into Chair Jerome Powell. What began as a disagreement over interest rate policy has evolved into an unprecedented confrontation, posing the greatest challenge of Powell’s eight-year leadership of the Federal Reserve.The dispute has now reached Capitol Hill, where congressional Republicans — including some close allies of the Trump administratio ...

Yeah, Sarah, we're getting a reaction now from the White House to that Supreme Court decision to allow Lisa Cook to stay on the Federal Reserve Board. The White House says President Trump lawfully removed Lisa Cook for cause from the Federal Reserve Board of Governors. We look forward to ultimate victory after presenting our oral arguments before the Supreme Court in January.That's a statement from a White House spokesperson. Uh so, look, the the White House is asserting that they were right to do what they ...

Core Viewpoint - A federal judge has temporarily halted President Trump's attempt to remove Federal Reserve governor Lisa Cook, allowing her to remain in her position while her legal challenge progresses [1][2]. Group 1: Legal Ruling - Judge Jia Cobb ruled that Cook's removal was likely in violation of the Federal Reserve Act's "for cause" provision, which is limited to a governor's behavior in office [2]. - The ruling also highlighted that Cook's procedural rights under the Fifth Amendment's Due Process Clause were violated, and she could face irreparable harm from her removal [2]. Group 2: Implications for Federal Reserve - The preliminary injunction allows Cook to attend an important Federal Reserve policy meeting scheduled for September 16 and 17, where a vote on lowering interest rates is expected [3]. - The Federal Reserve has acknowledged Cook's intention to challenge her removal and stated that it will abide by any court decision [3]. Group 3: Statements from Legal Representatives - Cook's lawyer emphasized that the ruling protects the independence of the Federal Reserve from illegal political interference, asserting that unsubstantiated allegations against Cook could jeopardize financial stability and the rule of law [4].

We can't reach fraud in America and you surely can't have it for your leaders. I mean, imagine anyone in the cabinet who did this. You guys would be calling for their head.This woman should go away if she's committed the mortgage fraud. And those signatures sure as heck look like hers. Irony is Mhm.dead. Yeah. Dead.Like, bring the flowers. put it on the grave. I mean, really.Yeah. Really. That's kind of like going after Bolton for mishandling classified documents.Irony is dead. Yes. And this is this concept ...

Interference in the independence of the Federal Reserve would be felt outside of the US, according to Bundesbank President Joachim Nagel https://t.co/620zFWOv0R ...