WASHINGTON— President Donald Trump's feud with Federal Reserve Chairman Jerome Powell has escalated into a Department of Justice investigation, raising alarm bells among some Republicans in the Senate, where Trump will need broad backing from GOP lawmakers to get his choice for the next Fed chairman approved after Powell's term ends in May.
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The following information was released by the National Federation of Independent Business:. "While it is easy to cast blame on Washington, DC, for the 20% jump in individual health plan rates for 2026 in the Exchange, our own state actions are directly inflating insurance costs to our own residents," testified NFIB Washington State Director Patrick Connor to the…
The following information was released by the New Jersey State Senate, Democrats:. The bill, S-4894, updates statutory and regulatory references so that New Jersey's immunization standards are anchored in recommendations issued by the New Jersey Department of Health. Under the legislation, the Department will serve as the state's primary recommender while…
The following information was released by the Insurance Information Institute:. Despite recording no U.S. hurricane landfalls for the first time in a decade, the 2025 Atlantic hurricane season generated deadly tropical storms, above-average days of major hurricane activity, and millions of dollars in U.S. losses, underscoring the need for year-round…
The following information was released by Iowa Senator Charles Grassley:. Floor Remarks by Senator Chuck Grassley of Iowa. One of the issues that Congress must deal with, and do it very shortly, is the cost of health insurance.
"I oppose the wanton act of legal intimidation against Federal Reserve Chair Powell and will continue to support the vigorous independence of the Federal Reserve. This ridiculous and blatant abuse of power does not just hurt the Federal Reserve, but threatens the stability of the American economy. "As Chairman Powell made clear, the administration's legal…
U.S. Representative Juan Vargas, Ranking Member of the House Financial Services Committee Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, released the statement below on reports that the Department of Justice has launched a criminal investigation into Federal Reserve Chair Jerome Powell. Federal Reserve Chair Jerome…
U.S. Representative Suhas Subramanyam released the following statement after the Department of Justice announced a new criminal investigation into Federal Reserve Chair Jerome Powell:. "This sham investigation of Jerome Powell is part of a larger pattern of this administration coercing and intimidating regulators for the president's benefit.
U.S. Congressman Sean Casten released the following statement regarding Federal Reserve Chair Jerome Powell:. "President Trump's threat to criminally charge Jerome Powell must be considered with the utmost seriousnesssuch dangerous and escalating attacks can cause irreparable harm to the U.S. economy. "Jerome Powell has always zealously defended the…
DENVER- IMA Financial Group, Inc., a North American insurance brokerage specializing in risk management, employee benefits and wealth management, announced a strategic partnership with The Richards Group, a family- owned independent insurance brokerage and advisory firm in Brattleboro that serves New England. Effective Dec. 31, 2025, the partnership unites…
Three former heads of the US central bank on Monday decried a criminal investigation into chair Jerome Powell, calling it a bid to undermine the Federal Reserve's independence. "The Federal Reserve's independence and the public's perception of that independence are critical for economic performance," they wrote. The statement of condemnation was published…
Dear Savvy Senior, What steps do I need to take to appeal a denied Medicare claim? Dear Frustrated, If you disagree with a coverage or payment decision made by Medicare, you can appeal, and you’ ll be happy to know that many appeals are successful, so it’ s definitely worth your time. But before going that route, talk with the doctor, hospital and Medicare to see if you can…
NEWINGTON A coalition of Connecticut seniors has released proposed legislation to end steep increases in long-term care insurance premiums, ahead of the 2026 legislative session, which begins February 4. ‘While the industry and the Connecticut Insurance Department would have us believe this is a claim crisis, the truth is this is a premium crisis, created…
Lawmakers and former Federal Reserve officials rallied Monday to the defense of Fed Chair Jerome Powell, one day after the central bank said it received a grand jury subpoena from the Justice Department. Powell’ s testimony about a renovation of Federal Reserve buildings in Washington was a thinly veiled attempt to punish Mr. Powell for his cautious approach…
U.S. stocks dove into negative territory to start the week on Monday after the Department of Justice sent subpoenas to the Federal Reserve as part of a criminal inquiry into Chair Jerome Powell’ s remarks to Congress. The Justice Department has not revealed any details about the probe, although Mr. Powell signaled that prosecutors may believe he lied to Congress…
That had long been his approach to handling President Donald Trump and his relentless attacks on the Federal Reserve, which in his second term had taken on heightened intensity. A criminal investigation into whether Powell lied to Congress, revealed by The New York Times on Sunday, has prompted the central bank to jettison its cautious approach and fight.
The Department of Justice’ s decision to open a criminal investigation into Federal Reserve chair Jerome Powell has reignited concern over the independence of the central bank. In unusually blunt remarks, Powell described the unprecedented probe as part of a political attack by the White House over the Fed’ s refusal to drastically cut interest rates, as…
The Justice Department has launched a criminal investigation into Federal Reserve Chair Jerome Powell. Powell said the DOJ had issued subpoenas related to his congressional testimony about the central bank’ s $2.5 billion renovation of its Washington, D.C., headquarters last year. Jerome Powell:“ The threat of criminal charges is a consequence of the Federal…
Karla May seeks to forbid automobile insurance companies from utilizing credit scores to determine automobile insurance rates in the state of Missouri. The Senate bill has already had a first and second reading in the 2026 legislative session that began Jan. 7, with the measure now being referred to the Senate Insurance and Banking Committee for further…
