Powell
20 briefs
The Inflation Number Lands Three Days Before the New Fed Chair Does
April CPI is expected at 3.8%, a 3-year high. Kevin Warsh takes over Friday. His first decision will be whether to pretend the last five years didn't happen.
The Fed Is Stuck. Iran Is Why.
Oil at $104. Inflation at 3.3%. April CPI drops tomorrow. PIMCO warns that the war in Iran has made the Fed's next move a trap with no clean exit.
Powell's Last Days
The Fed chair's departure is essentially priced in at 95%. What comes next is the part that matters.
Trump Got His Fed Chair. He May Get Rate Hikes.
Kevin Warsh spent a year promising he would cut rates. Then the Iran war made that impossible. Now the only question is how high rates go.
Powell's Last Meeting. Four Dissents. And Warsh Waiting.
The Fed's most divided vote since 1992 revealed a central bank that no longer agrees on what it is supposed to do. The incoming chair inherits the contradiction.
Powell's Last Meeting Split the Fed Four Ways
The FOMC held rates at its April 29 meeting, but four officials voted against the statement. Three opposed a cut signal. One wanted a cut now. The institution is publicly fractured heading into the Warsh era.
Four Fed Officials Broke With Powell at His Last Meeting. That's the Story.
The biggest FOMC dissent since 1992 wasn't about rates. It was about whether the Fed can still pretend the next move is obviously a cut.
Powell's Last Stand: The Fed Holds Rates and Its Ground
Jerome Powell holds rates steady in what is expected to be his final meeting as Fed chair, warning that legal attacks are 'battering' the institution.
Jerome Powell's Last Stand
The Fed is expected to hold rates steady at Powell's final scheduled meeting as chair. The real question is what happens to the institution after he is gone.
Kevin Warsh Clears the Senate. The Real Question Is What He Does First.
With confirmation odds at 98.9%, the debate about who chairs the Fed is over. The debate about whether the Fed can still function independently has just started.
Powell's Last Stand: The Fed Chair Who Can't Cut Passes the Baton to Someone Who Won't
Jerome Powell presides over his final FOMC meeting this week as the man set to replace him promises a harder line on inflation. The regime change at the Fed is not about rates. It is about who controls the institution.
The Fed Gets a New Chair Who Promised 'Regime Change'
Kevin Warsh's path to the Federal Reserve clears after the DOJ drops its Powell probe, but his plan to cut rates collides directly with an oil shock he never accounted for.
The Fed Chair Who Won't Say What He Thinks
Kevin Warsh's confirmation hearing confirmed one thing: he has no intention of telling Congress, or the markets, what he will actually do.
Trump Wants Rate Cuts. His Own Nominee Says He Can't Have Them.
Kevin Warsh's Fed confirmation hearing exposed a trap: he was picked to cut rates into a war-driven inflation surge that makes cutting impossible.
Kevin Warsh Goes Before the Senate Promising Independence He May Not Be Able to Deliver
Trump's Fed pick is vowing to protect central bank autonomy while depending entirely on Trump's party to get confirmed. The contradiction is the point.
The Fed's New Chair Will Inherit a Trap
Kevin Warsh faces his Senate confirmation hearing Tuesday as Trump demands rate cuts, oil spikes, and inflation shows no signs of cooperating.
Trump's Last Move on the Fed
Powell's term ends May 15. Trump says he will fire him if he stays on. Markets are pricing a 78% chance Powell is gone by June 30. What they are not pricing is what comes after.
The Fed Nominee Who Owns What He Would Regulate
Kevin Warsh disclosed holdings in crypto and AI firms before his Senate hearing. The real question is not his investments. It is whether he will cut rates in a stagflation environment to satisfy the man who nominated him.
Trump Says He'll Fire Powell Even After the Chair Term Ends. The Market Is Betting He Won't.
Trump threatened to remove Powell not just as chair but as a Fed governor. Polymarket says 8.5% chance he actually does it by June. The gap between the threat and the market reveals the real bet.
The Government Just Told Banks an AI Model Is a Systemic Risk
When the Treasury Secretary and the Fed Chair summon Wall Street CEOs in secret over an AI model's capabilities, they are saying something they cannot say publicly: this technology can already break things we cannot fix.