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.
Posts tagged as “Attorneys Sidney Powell”
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.
A federal judge dismissed grand jury subpoenas targeting Federal Reserve Chair Jerome Powell, ruling they were intended to pressure him rather than investigate legitimate criminal conduct. The investigation, led by U.S. Attorney Jeanine Pirro, focused on Powell’s testimony about a costly Federal Reserve renovation project but was criticized as politically motivated, especially given President Trump’s public attacks on Powell for resisting interest rate cuts. The ruling blocks the subpoenas, prompting plans for an appeal from the Justice Department, while some lawmakers welcomed the decision as a check on a weak investigation.
President Donald Trump has escalated his criticism of Federal Reserve Chair Jerome Powell, demanding immediate interest rate cuts to reduce borrowing costs, which he believes would boost economic growth. This public confrontation has led to declines in U.S. stock markets and a bond sell-off, as investors grow concerned about economic policy stability. The situation underscores broader political debates about the balance of power, with a recent survey revealing partisan divides over presidential authority, particularly among Republicans who tend to support Trump's assertive approach to influencing Federal Reserve decisions.
The Supreme Court will hear oral arguments on May 15 regarding the authority of judges to issue nationwide injunctions, following an emergency request from the Trump administration seeking to limit such judicial actions. This case is significant as it could impact the balance of power between the judiciary and the executive branch, determining the extent to which judges can intervene in nationwide policy decisions. Concurrently, speculation about President Trump's dissatisfaction with Federal Reserve Chair Jerome Powell highlights the complexities of governance and the challenges the administration faces in implementing its policies.