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Fed chair nominee Warsh will have ideas, economy may deliver surprises, Daly says

Fed chair nominee Warsh will have ideas, economy may deliver surprises, Daly says

By Ann Saphir April 17 (Reuters) - Kevin Warsh may have plans for big changes at the U.S. central bank, but like previous Federal Reserve leaders cannot know what economic surprises he may need to deal with once he is in the role, San Francisco Fed President Mary Daly said on Friday.

Take Five: Warsh, war and worsening conditions?

Take Five: Warsh, war and worsening conditions?

April 17 (Reuters) - Financial markets are in a buoyant mood as U.S. President Donald Trump signals confidence that the war in Iran will end soon, with talks probably on the cards again this weekend.

Senator Warren Demands Transparency from Federal Reserve Nominee Kevin Warsh

Senator Warren Demands Transparency from Federal Reserve Nominee Kevin Warsh

Senator Elizabeth Warren has called for greater transparency regarding the financial holdings of Kevin Warsh, President Trump's nominee for Federal Reserve Chair. Warren has urged Warsh to disclose more information about his assets, which are valued at over $100 million, ahead of his Senate Banking Committee hearing. Warsh's extensive financial interests have raised concerns about potential conflicts of interest, as he has pledged to divest certain holdings if confirmed.

Trump Renews Threats Against Fed Chair Powell Amid Investigation

Trump Renews Threats Against Fed Chair Powell Amid Investigation

President Trump has renewed his threat to fire Federal Reserve Chair Jerome Powell if he remains in his role past the expiration of his term next month. This threat is linked to an ongoing Department of Justice investigation into Powell's handling of a $2.5 billion renovation project at the Fed's headquarters. Trump has nominated Kevin Warsh to replace Powell, but Warsh's confirmation is pending. The investigation, which has not found evidence of wrongdoing, has been criticized as a means to pressure Powell to resign. Powell has stated he will remain in his position until a successor is confirmed.

Fed leadership transition on shaky ground as clock ticks on Powell's term

Fed leadership transition on shaky ground as clock ticks on Powell's term

By Ann Saphir April 16 (Reuters) - The prospect of a smooth-and-on-time transition to U.S. President Donald Trump's pick for the next Federal Reserve chief, Kevin Warsh, looks increasingly to be on shaky ground, setting up a possible clash over who runs things in the meantime.

France's Villeroy says central bank independence is prerequisite for successful monetary policy

France's Villeroy says central bank independence is prerequisite for successful monetary policy

WASHINGTON, April 16 (Reuters) - Central bank independence is a prerequisite for successful monetary policy, Bank of France Governor Francois Villeroy de Galhau said on Thursday. "I know it's criticized.

Sen. Warren calls for greater transparency into Federal Reserve nominee's financial holdings

Sen. Warren calls for greater transparency into Federal Reserve nominee's financial holdings

President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee

Federal Reserve's Regional Banks Face Independence Challenges

Federal Reserve's Regional Banks Face Independence Challenges

The independence of the Federal Reserve's regional banks is under scrutiny amid political and legal challenges. San Francisco Federal Reserve President Mary Daly and other regional bank presidents are seen as crucial to maintaining the Fed's democratic legitimacy. However, a Supreme Court case regarding President Trump's authority to fire a Fed governor and the transition between Fed Chair Jerome Powell and his successor, Kevin Warsh, are testing this independence. Treasury Secretary Scott Bessent has criticized some Fed practices, adding to the pressure. The regional banks, which provide local insights into policymaking, are integral to the Fed's structure, balancing centralized power with regional input.

Fed's Miran may scale back rate-cut outlook again due to 'less favorable' inflation developments

Fed's Miran may scale back rate-cut outlook again due to 'less favorable' inflation developments

By Howard Schneider WASHINGTON, April 16 (Reuters) - Federal Reserve Governor Stephen Miran, by far the U.S. central bank's most aggressive advocate for fast and immediate interest rate cuts, said on Thursday he may again scale back the pace at which he thinks rates should fall because inflation is

President Trump's Federal Reserve Conflict Continues Amid Senate Opposition

President Trump's Federal Reserve Conflict Continues Amid Senate Opposition

President Donald Trump has resumed his campaign against the Federal Reserve, threatening to fire Chairman Jerome Powell and initiating a Justice Department investigation into the Fed's headquarters construction. This standoff is unlikely to succeed, as both the courts and the Republican-controlled Senate oppose Trump's actions. Senator Thom Tillis has stated he will block any Fed nominations until the legal matter is resolved. Trump's nominee for Fed Chair, Kevin Warsh, faces a challenging confirmation process due to this opposition.

Sen. Warren Demands Transparency from Federal Reserve Nominee Kevin Warsh on Financial Holdings

Sen. Warren Demands Transparency from Federal Reserve Nominee Kevin Warsh on Financial Holdings

Senator Elizabeth Warren has called for increased transparency regarding the financial holdings of Kevin Warsh, President Trump's nominee for the Federal Reserve chair. Warsh, a former Federal Reserve official and a wealthy investor, has disclosed financial assets exceeding $100 million, but the exact values remain unspecified due to the use of ranges in his disclosure forms. Warren, a prominent Democrat on the Senate Banking Committee, has urged Warsh to provide more detailed information about his assets, which include significant stakes in investment funds and a financial advisory firm. Warsh has committed to divesting these holdings if confirmed but has not disclosed the full extent of his investments or client identities, citing confidentiality agreements.

Morning Bid: Six-week roundtrip

Morning Bid: Six-week roundtrip

By Mike Dolan April 16 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets After a dreary, war-filled six weeks, global stocks are once again at record highs.