The Supreme Court allowed Federal Reserve Gov. Lisa Cook to remain in office while her challenge to President Trump’s attempted firing proceeds. In a separate ruling, the court expanded Trump’s power to remove FTC commissioners and other independent agency officials.
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Kevin Warsh chairs his first Federal Reserve rate meeting as inflation rises and energy prices remain elevated after the U.S.-Iran conflict. Investors will watch the policy statement, news conference and dot plot for signs of the new chairman’s approach.
California Gov. Gavin Newsom said President Donald Trump directed the Justice Department to investigate him and his wife, calling the inquiry politically motivated. Newsom said federal agents have contacted family friends and former employees and demanded records.
Denise Powell wins a tight Democratic primary in Nebraska's 2nd District and will face Republican Brinker Harding in the general election. The race is a key battleground in a district that has swung between parties in recent presidential elections.
Nebraska and West Virginia hold primaries Tuesday to determine candidates for competitive House and Senate races, including a heated Democratic contest in Nebraska’s 2nd District and GOP Sen. Shelley Moore Capito’s bid for a third term in West Virginia.
The Senate Banking Committee advances Kevin Warsh's nomination for Federal Reserve chair amid partisan divisions and ongoing political controversy. Meanwhile, current Chair Jerome Powell announces he will remain on the Fed board after his term ends, citing political pressures and investigations.
Prosecutors from Jeanine Pirro's office attempted an unannounced visit to the Federal Reserve's renovation site but were denied access amid a criminal investigation into Fed Chair Jerome Powell. The probe and visit have complicated the confirmation of President Trump's nominee to succeed Powell.
Federal Reserve Holds Interest Rates Steady Amid Middle East Conflict and Rising Inflation Pressures
Federal Reserve Holds Interest Rates Steady Amid Middle East Conflict and Rising Inflation Pressures
The Federal Reserve announced it will keep its benchmark interest rate steady at 3.5% to 3.75%, marking a second consecutive pause amid economic uncertainty driven by geopolitical tensions in the Middle East. Rising energy prices due to the conflict between the U.S., Israel, and Iran have intensified inflationary pressures, while recent economic data showed unexpected job losses and higher wholesale inflation. Federal Reserve Chair Jerome Powell is expected to provide further guidance on monetary policy amid these challenges, with potential rate cuts later in 2026 remaining uncertain.