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…
INN Insider News
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…
AEGON ASSET MANAGEMENT UK Plc cut its stake in shares of Johnson & Johnson (NYSE:JNJ – Free Report) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 585,592 shares of the company’s stock after selling 61,679 shares during the…
Columbia Asset Management lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,605 shares of the semiconductor manufacturer’s stock after selling 5,746 shares during the period. Broadcom makes…
Brookwood Investment Group LLC lifted its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,359 shares of the iPhone maker’s stock after purchasing an additional 5,943 shares during the…
Brighton Jones LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,798 shares of the information services provider’s stock after acquiring an additional 5,591 shares during the period.…
Everyone from insurance executives to public health officials had predicted a decrease before President Donald Trump's "One Big Beautiful Bill" passed through Congress. High health insurance premiums that were due earlier this year caused so much sticker shock that nearly 69,000 New Jersey residents didn't pay them. Everyone from insurance executives to…
WASHINGTON— President Trump’ s pick to lead the Federal Reserve now appears to be on a glide path to confirmation, but that doesn’ t mean the central bank will deliver on his unprecedented demands for significantly lower interest rates any time soon. And outgoing chair Jerome Powell announced the unusual step of remaining on the Fed Board of Governors until a…
Jessica Balcerzak, a 33- year-old nurse who works for a hospital in Buffalo, N.Y., decided to waive her employer’ s insurance in 2025. Her job covered 55 percent of the plan’ s premiums, deducting $585 every two weeks for insurance for herself, her self-employed husband, and their three kids. Balcerzak said that $15,000 in annual wages would be better used in the family’ s…
*** *** The Federal Reserve on Wednesday left its benchmark interest rate unchanged, marking the central bank’s third consecutive pause in 2026. The decision comes as the U.S. economy grapples with rising inflation due to the Iran war and fitful job growth. The Fed maintained the federal funds rate — what banks charge each other for short-term loans […]
Four committee members dissented Wednesday from the Federal Reserve’s statement to keep the central bank’s benchmark interest rate unchanged, marking the highest level of opposition since 1992 as Chairman Jerome Powell is set to be replaced.
Choosing a Medicare Supplement plan—also known as Medigap—may feel like just another checkbox when you turn 65, but timing is everything. Many Arizona seniors don’t realize there’s a one-time window that protects them from higher costs and denial of coverage. Miss it, and insurers can legally charge more or even reject your application based on…
On the same day that Trump’s nominee for Fed chair advanced after a long stalemate, the current chair made clear that Trump’s bid for control over the central bank still had a long way to go. Kevin Warsh’s nomination for Federal Reserve Chair advanced out of the Senate Banking Committee on Wednesday along party lines…
People often believe that psychiatric care is only for those who have medical insurance in Florida. Get an Affordable Mental Health Support in Florida, Personalized to Your Needs.. Can You Get Psychiatric Help Without Insurance?
Borrowers can make moves to make sure they qualify for the lowest interest rates possible on credit cards, mortgages and car loans.
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…
WASHINGTON — President Donald Trump’s pick to lead the Federal Reserve was one step closer to the job Wednesday after North Carolina Republican U.S. Sen. Thom Tillis cast the deciding vote to advance Kevin Warsh’s nomination to the full Senate.
The Federal Reserve left interest rates steady 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 the…
