Bessent told CNBC's "Squawk Box" he believes Republicans on the Senate Banking Committee "are going to proceed" with a Fed ...

Sen. Thom Tillis says handing off the DOJ's criminal probe of Fed Chair Jerome Powell to the Senate Banking Committee ...

Sen. Thom Tillis continues to insist the Justice Department's investigation into Federal Reserve Chair Jerome Powell has to be "resolved" before he will consider supporting any confirmation of a ...

US stocks fell as traders digested Donald Trump’s decision to nominate Kevin Warsh as Federal Reserve chair. Wall Street’s S&P 500 closer 0.4 per cent lower on Friday and the tech-heavy Nasdaq ...

Jerome Powell's term as Federal Reserve chairman will end in May - the bank has been under political pressure from the White House about how it sets interest rates.

Stock Market Today: The Dow Jones index wavers Wednesday after the Fed holds its key rate steady. Tesla earnings are due late.

Will the president’s Federal Reserve nominee Kevin Warsh be as tough?

The announcement caps an extensive search that started in September and was spearheaded by Treasury Secretary Scott Bessent, who presented final candidates to the president.

Jerome Powell advises his successor to stay out of politics and work with Congress as the Fed chair discusses his future at the central bank during a Wednesday press conference.

Central bankers cut rates three times last year, but are cautious about lowering borrowing costs any further due to a weakening job market. President Donald Trump has said his pick for a new Fed Chair ...