Fed holds interest rates steady
The Federal Reserve held interest rates steady Weds, April 29, 2026.
Trump administration officials have pushed the office tasked with printing the nation’s money to move forward with designing a commemorative $250 bill with President Donald Trump’s portrait and signature, should legislation to create the new currency pass, according to two people with knowledge of the discussions.
President Donald Trump on Friday oversaw the White House swearing-in of the new Federal Reserve chair and said he would like Kevin Warsh’s help in stimulating the economy even as he tried to emphasize that the nation’s central bank would remain independent.
The Senate on Wednesday is set to confirm President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world’s most powerful central bank at a fraught moment for the global economy.
The Federal Reserve held interest rates steady Weds, April 29, 2026.
Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time,” saying the “unprecedented” legal attacks by the Trump administration have put the independence of the nation’s central bank at risk.
he Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a longtime target of President Donald Trump’s insults for not cutting borrowing costs as far as the president wanted.
The 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.
Donald Trump’s nominee to lead the Federal Reserve pledged to fight inflation at a hearing Tuesday even as the president renewed his demands for interest rate cuts that could worsen it.
Kevin Warsh’s confirmation hearing before the Senate Banking Committee is Tuesday, April 21, 2026.
President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a decision likely to result in sharp changes to the powerful agency that could bring it closer to the White House.