WEATHER ALERT
Justice Department drops criminal probe of Fed chair Powell, likely clearing the way for Warsh
Read full article: Justice Department drops criminal probe of Fed chair Powell, likely clearing the way for WarshThe Justice Department has ended its investigation into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of Kevin Warsh as his successor.
Fed keeps key rate unchanged as Powell vows to stay until DOJ investigation is finished
Read full article: Fed keeps key rate unchanged as Powell vows to stay until DOJ investigation is finishedThe Federal Reserve kept its key interest rate unchanged Wednesday and Chair Jerome Powell highlighted the increasingly uncertain outlook for the U.S. economy and inflation in the wake of the Iran war, suggesting the Fed could stand pat for an extended period.
How many rate cuts? Iran war upends Federal Reserve's next steps
Read full article: How many rate cuts? Iran war upends Federal Reserve's next stepsThe Iran war has scrambled the Federal Reserveโs outlook on inflation and unemployment and will likely further delay interest rate cuts this year, putting off any relief for consumers struggling with high borrowing costs for home and car purchases.
