Kevin Warsh, the man named by President Trump to run the Federal Reserve, has just filed a 69‑page financial report that clears him for his upcoming Senate hearing. The paperwork shows he and his wife own at least $192 million together, but the most eye‑catching part is how much of that comes from c
A temporary pause in fighting between the U. S. and Iran has given investors fresh hope, lifting stocks sharply after weeks of sharp drops. The Dow Jones jumped over 1, 300 points in a single day this week—the biggest gain since early 2025—after leaders announced a two-week break in military action.
Back in 2011, a little-known crypto exchange called Kraken quietly started what would later become a major talking point in U. S. finance. Fast-forward 13 years, and the Wyoming-based platform just scored something rare: a direct line to the Federal Reserve’s payment network. Think of it like gettin
A federal judge recently refused to reopen a criminal case against Jerome Powell, the head of the U. S. Federal Reserve. The case started after a prosecutor close to former President Trump tried to force Powell out by digging up unrelated complaints. The prosecutors wanted records about renovations
The war in the Middle East has pushed oil and gas prices up, yet Federal Reserve watchers say the real impact on everyday prices will take time. New York Fed chief John Williams told Fox Business that the economy might feel the squeeze in months or even a year, not right away. That delay matters bec
Senator Elizabeth Warren, the leading Democrat on the Senate Banking Committee, has sent a letter to Kevin Warsh asking him to explain any contact he may have had with the late convicted sex offender Jeffrey Epstein. Warsh was chosen by President Trump to become the next chair of the Federal Reserve
The Federal Reserve chose to keep interest rates steady for a second straight meeting, a move that left President Trump annoyed. He has repeatedly asked the Fed to cut borrowing costs, claiming high rates hurt consumers and businesses. Trump’s frustration grew as oil prices climbed amid tensions in
A federal judge recently stopped prosecutors from asking for documents tied to renovations at the U. S. Federal Reserve’s headquarters. The judge also blocked requests for testimony from Fed Chair Jerome Powell about those expenses. The judge argued there was little proof of wrongdoing but plenty of
The latest jobs report, due Wednesday, is expected to show unemployment staying at 4. 4 percent. The Fed watches this figure closely because it helps gauge the labor market’s health, especially after President Trump tightened immigration rules. Those limits cut the number of new workers who can e
The U. S. housing market is facing a tough time. Homebuilders are trying hard to attract buyers. They are offering deals like lower mortgage rates and smaller homes. But these deals are cutting into their profits. Pultegroup, a big homebuilder, just reported lower profits and sales. Their profit pe
