About the author: Mike Harris is the founder of Cribstone Strategic Macro and director of the Syracuse University Whitman School of Management London Program. Markets are hugely enthusiastic about what coming AI-driven growth and President Donald Trump’s pick for the next Federal Reserve chair, Kevin Warsh, might mean for the economy. But their read on…
Feb 2 (Reuters) – Gold and silver prices continued to fall on Monday as higher margin requirements at CME Group compounded last week’s sharp selloff following the nomination of Kevin Warsh as the next Federal Reserve chair. Spot gold was down 4.8% at $4,630.59 an ounce by 01:32 pm ET (1832 GMT), after tumbling nearly…
United States President Donald Trump, on 29 January, told reporters that he will announce his candidate to replace outgoing Federal Reserve Chair Jerome Powell on Friday morning (today, local time), as per a Reuters report. Speaking to reporters at the Kennedy Center, where he was with his wife, Melania Trump, to watch the First Lady’s…
President Donald Trump said he plans to reveal his choice to succeed Federal Reserve Chair Jerome Powell “next week”, concluding weeks of speculation over who will head the US central bank when Powell’s term ends in May 2026. (This is a developing story. More to come) Source
Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment related to his June congressional testimony on ongoing renovations of the Fed’s headquarters. In a statement released Sunday evening, Powell rejected the notion that the action was driven by his testimony…
US federal prosecutors in Washington have launched a criminal investigation into Jerome H. Powell, examining whether the Federal Reserve chair misled Congress about the scale and cost of the central bank’s headquarters renovation, according to New York Times report citing officials familiar with the matter. The inquiry, being handled by the US Attorney’s Office for…
