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Senate Banking Committee Chairman Tim Scott today convened a hearing to consider the nomination of Kevin Warsh, President Trump's pick to serve as a Governor and Chair of the Federal Reserve, as the central bank begins its transition to a new era of leadership. In his opening statement, Chairman Scott stressed the direct impact Federal Reserve decisions have…

United States Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement ahead of President Donald Trump's swearing in Kevin Warsh as Chair of the Federal Reserve:. Having proven himself to be Donald Trump's sock puppet, I worry Mr. Warsh will prioritize the President's political…

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Today, Senator Tim Scott, Chairman of the Senate Banking Committee, released the following statement after the Senate voted to confirm Kevin Warsh to serve as Chair of the Federal Reserve Board of Governors:. "President Trump made an excellent choice in…

Ryan Young- Sean Higgins- 06/05/2026. The Federal Reserve will likely resist an interest rate cut at their next meeting in its continued mission to stamp out inflation. "Friday's Labor Department report that the economy gained 172,000 jobs in May, well above analysts' expectations, suggests the economy is beginning to gain steam again thanks to attempts to wind…

The following information was released by the Progressive Policy Institute:. WASHINGTON This week, the Progressive Policy Institute filed an amicus brief in the case Linney's Pizza, LLC v. Board of Governors of the Federal Reserve System at the U.S. Court of Appeals for the Sixth Circuit.

The U.S. stock market had its worst day since October Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The S&P 500 sank 2.6%, its biggest one-day drop since October 10, when the Trump administration…

By DAMIAN J. TROISE and ALEX VEIGA. Bond yields surged as a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The Nasdaq composite fell 4.2%. Nvidia and Broadcom were among the heaviest weights on the market.

Bond yields surged as a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The Nasdaq composite fell 4.2%. Nvidia and Broadcom were among the heaviest weights on the market. The Labor Department reported that employers added 172,000 jobs in May, roughly double what forecasters had…

But those waiting on lower interest rates to buy a home will likely have to keep waiting, said Bryan Cutsinger, a professor of economics at Florida Atlantic University’ s College of Business. The strong jobs data, combined with higher-than-ideal inflation, means the Federal Reserve is highly likely to hold interest rates at its next meeting on June 17.

The United States added 172,000 nonfarm payrolls in May, more than doubling expectations, the Bureau of Labor Statistics reported Friday. May's job growth was down from April's 179,000 jobs but beat the Dow Jones consensus estimate of 80,000. The unemployment rate remained at 4.3%. There were 7.3 million people who are unemployed in the United States in May,…

U.S. homebuyers can't get a break. Pricey mortgages have been weighing on the housing market more broadly, which has not escaped President Donald Trump. He has waged an aggressive campaign to pressure the Federal Reserve, which sets the short-term benchmark rate, to make deeper cuts to the cost of borrowing.

If you take the long view, America’ s economic outlook is pretty bleak. The stock market is banking on it, as is Kevin Warsh, the chair of the Federal Reserve, who is hoping AI-driven growth could justify a cut in interest rates. It’ s a tall order, as net interest outlays are expected to take up 5.4% of U.S.

Regional Food Bank of Oklahoma is working with several agencies in Enid to help keep children from going hungry this summer. The food bank’ s Summer Feeding Program started Monday and will continue through Aug. 7, 2026, at five locations in Enid. •Denny Price Family YMCA/Hayes Elementary School, open 11 a.m. to noon weekdays at Hayes, 2102 Beverly Drive.

According to news reporting originating from Charlotte, North Carolina, by NewsRx correspondents, research stated,“ We study interest rate risk at U.S. banks by measuring the impact of interest rate changes on banks’ economic value of equity and earnings. For more information on this research see: Interest Rate Risk In the Us Banking Sector. Journal of…

The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. They generally follow the trajectory of the 10- year Treasury yield, which lenders use as a guide to pricing home loans. The yield on the U.S. 10- year Treasury note was at 4.47% in midday trading Thursday on the bond market, up…

The following information was released by the Cato Institute:. With Jay Powell's term as Federal Reserve chair ending, commentary on America's central banker has already descended into ridiculous hagiography. He certainly faced testing circumstances, including a once-in-a-century pandemic, America's lurch to protectionism, and conflicts in Ukraine and…

Expro Group Holdings N.V. filed its definitive proxy statement on April 21, 2026 with the Securities and Exchange Commission in connection with Expro’ s proposal to redomicile from the Netherlands to the Cayman Islands. On June 3, 2026, Institutional Shareholder Services, a proxy advisory firm, revised its initial recommendation regarding the proposal to…