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The Latest Breaking News from The Federal Reserve Board

Warsh moves closer to Fed role with Senate cloture vote

The Senate moved a step closer to confirming Kevin Warsh, the nominee for chairman of the Federal Reserve Board, with a procedural vote Monday. The Senate voted 49-44 to invoke cloture on Warsh’s nomination to the Fed board. The chamber will later need to take a distinct vote on his…

Roll Call

The "Unitary Executive" Theory's Contribution to the Deformation of the Constitution

The "three buckets" picture of the federal government, in combination with the unitary executive thesis, gives extravagant power to the President.

Reason

Supreme Court to hear arguments on Trump firing of Fed member

The Supreme Court is set to hear arguments Wednesday over President Donald Trump's power to remove a member of the Federal Reserve Board.

Roll Call

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Justice Barrett, Trump v. Slaughter, and Presidential Removal Power from 1921 to 1933

Every President from 1921 to 1933 successfully defended presidential removal power at will.

Reason

Supreme Court keeps Fed’s Cook in place, sets January hearing - Roll Call

The Supreme Court said the Fed's Lisa Cook can keep her post until it hears arguments in the case about President Trump's attempt to fire her.

Roll Call

Trump's New Fed Governor Stephen Miran Calls For Aggressive Rate Cuts, Says 'Restrictive' Policy Creates 'Material Risks' To Employment

In his first public speech as a member of the Federal Reserve Board, Stephen Miran dissented sharply with his colleagues, calling for aggressive interest rate cuts and warning that current monetary policy is "very restrictive".

Benzinga

Trump's Fed Nominee Miran Advances Amid Concerns Over Central Bank Independence

Miran, currently serving as chairman of the White House Council of Economic Advisers, has pledged to take an unpaid leave of absence from his White House role if confirmed to the Fed, according to PBS NewsHour.

International Business Times

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How Trump’s dismissal of a Fed governor could redefine presidential power – if courts agree that he alone can interpret vague laws

President Donald Trump’s penchant to act first, ask later was on full display recently when he became the first president in American history to fire a member of the Federal Reserve Board.

The Conversation

A Bad Jobs Report

Plus: Eric Adams drop-out watch, DOJ investigates Lisa Cook, critiquing Blueskyism, and more...

Reason

Trump's Fed Coup

Plus: Beachy vignettes, Smithsonian scrutiny, Gavin Newsom might not be the Democrats' great new hope, and more...

Reason

Trump Fires Fed Governor Lisa Cook, Cites 'False Statements' On Mortgage Agreements As Reason: 'Deceitful And Potentially Criminal Conduct'

President Donald Trump fired Lisa Cook, a member of the Federal Reserve Board of Governors, on Monday.

Benzinga

Trump Says Fed Governor Must Resign 'Now' Over Mortgage Allegations As Lisa Cook Vows 'No Intention Of Being Bullied' Amid DOJ Review

President Donald Trump intensified his campaign to reshape the Federal Reserve on Wednesday, demanding that Governor Lisa Cook resign over mortgage fraud allegations while the Justice Department reviews the case.

Benzinga

Bitcoin, Altcoins Pump After Federal Reserve Board Withdraws Crypto Notification Rules For Banks

Bitcoin and major altcoins pumped Thursday night after the Federal Reserve Board announced banks can now engage in crypto activities without advanced notice, marking a major pivot that could affect broader adoption.

International Business Times

Weeks after giving apparent Nazi salutes on stage Musk claims the left doesn’t know what Nazism is

Musk also says a Magic-8 ball would win in a competition with the Federal Reserve board over interest rates

The Independent UK

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Fortune

Fed chair Jerome Powell brushes off possibility Trump could fire Fed officials: 'Well, it's pretty clearly not allowed under the law'

Lawmakers of both parties grilled Powell over the Fed’s recent decisions.

Fortune

The Fed hits Evolve bank with order over fintech troubles

The U.S. central bank has issued an enforcement action against Evolve Bank & Trust for failing to comply with anti-money-laundering, risk management, and consumer compliance programs.

Kiplinger

Is it Time to Switch Banks?

It's a good time to take stock of what you need in a bank, and consider if your bank is still working for you.

Fortune

The Chicago school economist who warned years ago of America's ‘business dynamism’ fading still sees 'something broken in the background'

Ufuk Akcigit and Sina Ates wrote a paper in 2019 that tracked four decades of economic decline in the U.S. The problems haven't gone away.

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news in one place.

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The Conversation

Sudan’s war is wrecking a lot, including its central bank – a legacy of trailblazing African American economist and banker Andrew Brimmer

The war in Sudan between two rival generals for control of the country is devastating in so many ways. Hundreds of civilians have been killed, thousands injured and more than 1 million people are now homeless. The fighting is even wreaking havoc on the country’s central bank.

Los Angeles Times

Michael Hiltzik: The Fed's anti-inflation work is almost done, with an assist from the banking crisis

The Federal Reserve Board may owe the banking crisis a thank-you note.

People

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