Federal Reserve Archives

Powell Says He’ll Continue to Serve as Fed Governor, But With a ‘Low Profile’ 0 (0)

Federal Reserve Chair Jerome Powell says he’ll continue to serve as a governor “for a period of time to be determined” but with a low profile. He speaks in Washington after the FOMC left interest rates unchanged. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ [See More…]

Bloomberg Television News & Politics

Fed Leave Rates Unchanged, Four Officials Dissent 0 (0)

The Federal Reserve leaves interest rates unchanged in a range of 3.5% to 3.75%. But four officials voted against the decision. It’s the first time since 1992 that there were four dissents. Bloomberg’s Michael McKee reports. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: [See More…]

Bloomberg Television News & Politics

DOJ Dropping Powell Probe Is a Step in the Right Direction, French Hill Says 0 (0)

US Representative French Hill, chair of the House Financial Services Committee, discusses the recent decision by the Department of Justice to drop the criminal investigation into the Federal Reserve’s building costs. Speaking on Bloomberg Television, Rep. Hill says the criminal probe was a distraction that could have delayed the appointment of a new Federal Reserve chair. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg [See More…]

Bloomberg Television News & Politics

DOJ Drops Powell Probe, Smoothing Warsh Path to Fed 0 (0)

The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next Fed leader. US Attorney Jeanine Pirro said in a social media post Friday that the Fed Inspector General had been asked to scrutinize the cost overruns. She said she expects a report soon on the findings. Bloomberg International Economics and Policy Correspondent Mike McKee joins Paul Sweeney and Scarlet Fu on ‘Bloomberg Intelligence’ to discuss what happens next. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t [See More…]

Bloomberg Television News & Politics

Iran War Update: Trump Says There’s No Need to Use Nuclear Weapons (Full Q&A from White House) 0 (0)

President Trump told reporters he would not use a nuclear weapon against Iran and once again said that he doesn’t see conflict with Iran lasting much longer as he took questions at an Oval Office event on drug pricing. Trump told reporters that rising gas prices are not as high as he expected, but warned that Americans will be paying more for gas for a ‘little while.’ The president also commented on the ousting of Navy Secretary James Phelan, saying that conflicts emerged about shipbuilding. ——– Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET [See More…]

Bloomberg Television News & Politics

Warsh Says He Will Not Be Trump’s ‘Sock Puppet’ 0 (0)

“Absolutely not,” Federal Reserve Chair Nominee Kevin Warsh says while responding to a question from Senator John Kennedy of Louisiana about whether he would be a “sock puppet” for President Donald Trump during testimony before the Senate Banking Committee. Warsh also says President Trump has not asked him to commit to any rate decision. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: [See More…]

Bloomberg Television News & Politics

Senator Warren Clashes With Warsh Over Assets, Ties to Trump and Epstein 0 (0)

US Senator Elizabeth Warren, a Massachusetts Democrat, accuses Federal Reserve Chair Nominee Kevin Warsh of being President Donald Trump’s “sock puppet” and questions him about his undisclosed assets during testimony before the Senate Banking Committee. Warsh vows to sell his assets before taking the oath of office. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect [See More…]

Bloomberg Television News & Politics

Trump Speaks to Press About Iran War (full remarks) 0 (0)

President Donald Trump told reporters outside the White House that a potential deal with Iran is ‘looking very good’ and could ‘happen pretty quickly’ as he left Washington for an event on tax breaks in Las Vegas. The president said that he expects that once a deal is done the price of oil and gas will drop. ——– Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and [See More…]

News & Politics The New York Times

What Does the Fed Interest Rate Cut Mean for You? 0 (0)

The Federal Reserve lowered the interest rate for the first time since 2020. Jeanna Smialek, a reporter covering the Federal Reserve and the U.S. economy for The New York Times, explains what the half-percentage-point cut could mean for the economy, politics and you. Read the story here: https://nyti.ms/3XyyWdW Subscribe: http://bit.ly/U8Ys7n More from The New York Times Video: http://nytimes.com/video ———- Whether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It’s all the news that’s fit to [See More…]