Jerome Powell is wrapping up eight hazard-filled years as Fed chair, and weathered the most sustained political assault on the central bank in its modern history

The pandemic, inflation and White House pressure tested the central bank’s leader as never before. 2026-05-14 02:00:00 Nick Timiraos

Continue ReadingJerome Powell is wrapping up eight hazard-filled years as Fed chair, and weathered the most sustained political assault on the central bank in its modern history

Boston Fed President Susan Collins flagged the possibility that the central bank might need to raise interest rates if inflation pressures broaden in coming months

In an interview, the Fed official said she is watching how households’ inflation expectations have drifted higher. 2026-05-13 20:43:00 Nick Timiraos

Continue ReadingBoston Fed President Susan Collins flagged the possibility that the central bank might need to raise interest rates if inflation pressures broaden in coming months

The Senate confirmed Kevin Warsh as the Fed’s new chair on Wednesday in a party-line vote that reflected how tensions with the White House have dragged the Fed deeper into the political fray

The divided vote signals the challenge ahead for Warsh, who faces a Fed committee skeptical of the rate cuts President Trump has demanded. 2026-05-13 19:02:00 Matt Grossman

Continue ReadingThe Senate confirmed Kevin Warsh as the Fed’s new chair on Wednesday in a party-line vote that reflected how tensions with the White House have dragged the Fed deeper into the political fray