The Federal Reserve left interest rates steady Wednesday in what was almost certainly Jerome Powell’s final meeting as its leader, but there were the most internal dissents at a Fed meeting in 34 years. The big picture: The surprising dissents show that Kevin Warsh, whose confirmation to lead the Fed is pending in the Senate, will face significant internal resistance to delivering…
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Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference. Why it matters: It extends Powell’s influence over monetary policy beyond the conclusion of his term as Fed chair on May 15. His term as one of seven Fed governors extends through January 2028. It denies…
This is shaping up to be a momentous week for the Federal Reserve. What comes next for the Fed’s leadership has come into clearer focus in the last three days, but one big question hangs over the institution. The big picture: On Wednesday, the Senate Banking Committee is set to advance Kevin Warsh’s nomination to lead the Fed, after Sen. Thom Tillis (R-N.C.) indicated his…
If the United States gets into the business of providing dollar liquidity to the United Arab Emirates and other Persian Gulf states battered by the Strait of Hormuz’s closure, it will amount to a novel use of an old power. The big picture: The Federal Reserve used swap lines with foreign central banks as a key tool to calm global financial disruptions in periods of stress, starting…
The Department of Justice said Friday it will drop a criminal probe into Federal Reserve chair Jerome Powell, a sharp pivot in an unprecedented investigation into the nation’s top central banker. Why it matters: It opens the path for President Trump’s pick to lead the Fed, Kevin Warsh, to be confirmed to the post after a standoff with Sen. Thom Tillis (R-N.C.), who blocked…
If your homeowners’ insurance renewal letter triggered sticker shock this year, you’re in a growing company. The average U.S. homeowners’ insurance premium surged to $2,377 annually in 2025 — a 33% increase from 2022, according to the Insurance Information Institute. In disaster-prone states like Florida, Louisiana, Texas, and California, increases of 50% to 100% have…
COLUMBIA — South Carolinians’ cost for replacing cracked or broken windshields could change with legislation advancing in the Statehouse. As long as they have comprehensive coverage, South Carolina drivers don’t pay out of pocket for windshield replacements. Whether due to hail, a falling branch, or a rock flung from the tires of a passing vehicle, […]
OKLAHOMA CITY – Saying the state’s second experiment with managed care is “failing to deliver on its promises,” the state’s chief law enforcement officer has asked for an audit of the Oklahoma Health Care Authority. Oklahoma Attorney General Gentner Drummond said the state’s Medicaid agency is failing to hold accountable three companies accountable administering the…
(The Center Square) —Louisiana property insurers would be required to offer premium discounts to homeowners who install fortified roofs under a new regulation being developed by the Louisiana Department of Insurance.
When Kevin Warsh takes over as Federal Reserve chair, he will face vocal internal opposition to any attempts to cut rates prematurely. His predecessor will also still be roaming the halls. Why it matters: Taken together, Wednesday’s news out of the William McChesney Martin Jr. Building means that Warsh will face serious constraints if he wants to rapidly steer the Fed in ways that…
The Trump administration is indefinitely delaying a Medicare pilot program to cover weight-loss drugs after health insurance companies voiced concerns about participating, federal officials said Tuesday. Why it matters: It’s a blow to the administration after President Trump last year touted deals with Eli Lilly and Novo Nordisk to cut prices on GLP-1 drugs in exchange for access…
Starting on the 15th, the Federal Reserve will experience something that hasn’t happened since 1951: the presence of a "chairman emeritus" on the Board of Governors. The next chairman, Kevin Warsh, will have to know how to manage a Committee that will be reluctant to cut rates and appease the White House without a very clear justification, and that will look to Powell…
Federal Reserve Chair Jerome Powell announced that he will remain on the board of governors after his term as chair ends on May 15. His immediate predecessors– Janet Yellen, Ben Bernanke, and Alan Greenspan– left the agency at the same time their terms as chair ended. The successor proposed by the White House, Kevin Warsh, has already received the Senate Banking…
In the ever-evolving landscape of the health care sector, Pacific Health Care Organization Inc. stands as a pivotal entity, particularly within the niche of specialized workers’ compensation managed care services. As of April 30, 2026, the company’s financial metrics and strategic positioning offer a compelling narrative for stakeholders and observers alike.
The idea of breaking up big health insurance companies has suddenly entered the political conversation, even if it faces long odds of ever actually happening. Why it matters: Politicians across the ideological spectrum are increasingly convinced that those owning multiple parts of the health care system have a big role in making medical costs unaffordable. State of play: Rep….
To understand what the global economy will do this year, you have to understand what happens next in the Iran war. The outlook for the war and its aftermath, and what that means for the free passage of energy through the Strait of Hormuz, is the global economic outlook. That’s the uncomfortable reality hanging over the International Monetary Fund and World Bank Group spring…
Pennsylvania’s Affordable Care Act marketplace has seen health insurance cancellations skyrocket so far this year. The big picture: Spiking insurance premiums, driven in part by recently expired federal subsidies, are pushing enrollment down, as higher costs for energy, gas and food strain household budgets. State of play: Roughly 45,000 Pennsylvanians have dropped coverage through…
Gold is consolidating as a firm Federal Reserve policy stance and rising oil prices limit upside momentum.
Ultimately, Kalshi — and similar betting markets — are dangerous. They’re going to reshape our society into one that is greedier and less politically active. The post Opinion: Betting on politics hinders legitimate civic engagement appeared first on The Daily Orange.
