Federal Reserve Chairman Kevin Warsh testified Wednesday before the Senate banking committee, facing questions over the economy and how various factors might impact interest rates. As part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House financial services committee. During his remarks, he reaffirmed the Fed’s commitment…
Chicago Federal Reserve President Austan Goolsbee said Thursday that inflation is still trending the wrong way though there has been a few bright spots. In a live CNBC interview from his home district, the policymaker declined to speculate on where he thinks interest rates are headed. However, he said he remains squarely focused on inflation,…
Warsh will lead the central bank at a time when its independence has come under scrutiny amid political pressure. Published On 22 May 202622 May 2026 Kevin Warsh has been sworn in as the new chair of the United States Federal Reserve Board of Governors, succeeding Jerome Powell, who has held the position since 2018….
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images U.S. Treasury yields rose on Wednesday as investors awaited the outcome of what could be Jerome Powell’s final policy…
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty Images The Department of Justice on Friday dropped its criminal investigation of Federal Reserve Chair Jerome Powell, removing a major hurdle…
The personal consumption expenditures price index was expected to show a 3% core inflation rate in February, according to the Dow Jones consensus. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the Federal Reserve in Washington, D.C., U.S., March 18, 2026. Kevin Lamarque | Reuters Federal Reserve Chair Jerome Powell says he will keep serving as head of the central bank if his nominated…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, Aug. 25, 2025. Photographer: Michael Nagle/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Treasury yields edged lower Tuesday as investors weighed escalating tensions in the Middle East and rising oil prices ahead of the Federal…
Traders work at the New York Stock Exchange on Jan. 27, 2026. NYSE U.S. Treasury yields moved higher on Monday as investors digested the latest economic data and continued to weigh the impact of President Donald Trump’s Federal Reserve chair pick. The 10-year Treasury yield rose more than 3 basis points to 4.275%, while the 2-year Treasury note…
Shibuya crossing in known to be the world’s busiest pedestrian crossing © Marco Bottigelli | Moment | Getty Images Asia-Pacific markets gave up earlier gains to trade mostly lower Thursday, following the Federal Reserve’s third rate cut of the year. The U.S central bank reduced the Federal Funds rate by 25 basis points to 3.5%-3.75%,…
