News
Senate Confirms Kevin Warsh to Lead Fed in Narrowest-Ever Vote
1+ hour, 59+ min ago (122+ words) Bloomberg Law News The Senate narrowly confirmed Kevin Warsh as chair of the Federal Reserve, setting up the most controversial leadership transition at the US central bank in decades and a test of its political independence. The 54-45 vote Wednesday was…...
Warsh Confirmed to Fed Board, Still Awaiting Vote on Chair Post
1+ day, 5+ hour ago (103+ words) Bloomberg Law News The Senate confirmed Kevin Warsh's nomination to the Federal Reserve Board of Governors Tuesday, with the chamber expected to confirm him separately as chair later this week. The 51-45 Senate vote Tuesday grants Warsh a 14year term on the…...
Fed's Goolsbee Says All Interest-Rate Options Are On The Table
5+ day, 1+ hour ago (109+ words) Bloomberg Law News Federal Reserve Bank of Chicago President Austan Goolsbee said all options on interest rates are on the table right now. "I don't see how you can look at the current situation and, at least to me, view…...
First Reserve Bank of Cleveland Beats Long Covid Benefits Appeal
5+ day, 8+ hour ago (308+ words) First Reserve Bank of Cleveland defeated a Sixth Circuit appeal by a former employee who said she was wrongly denied disability benefits on account of long-haul Covid-19. The bank's disability administrator validly concluded that the employee's symptoms were improving with…...
Warren Asks Druckenmiller to Reveal Details on Warsh Investments
1+ week, 1+ day ago (134+ words) Bloomberg Law News Elizabeth Warren pressed Stanley Druckenmiller's investment firm to free Federal Reserve chair nominee Kevin Warsh from confidentiality agreements, seeking greater transparency into his investments before a Senate confirmation vote. The move by Warren, the top Democrat on…...
Hassett Backs Powell Interpretation on Staying On "Pro Tempore
3+ week, 12+ hour ago (190+ words) White House National Economic Council Director Kevin Hassett indicated support for Federal Reserve Chair Jerome Powell's plan to stay at the central bank's helm on a temporary basis if a successor hasn't been confirmed by the Senate when his term…...
Bureau of Labor Statistics Looks to Extend Employment Surveys
2+ week, 8+ hour ago (83+ words) Bloomberg Law News The Bureau of Labor Statistics asked the White House to continue its population and consumer price index surveys. The BLS is seeking public comments on whether the surveys are necessary for the proper function of the agency…...
It Doesn't Matter What Kevin Warsh Has to Say: John Authers
3+ week, 1+ day ago (96+ words) Nothing Warsh says will affect the single greatest obstacle to his confirmation, which is Senator Thom Tillis's stance that he won't allow the nomination to proceed unless the case against incumbent Jerome Powell over spending on the Fed's renovations is…...
Liberty Global $110 Million Tax Plan Fails Substance Test (1)
3+ week, 14+ hour ago (123+ words) Liberty Global's $110 Million Refund Claim Fails Substance Test'Bloomberg Law News - Liberty Global leveraged GILTI loophole to claim deduction - Lower court disregarded transactions for lacking nontax motive Liberty Global Inc.'s $110 million tax refund appeal failed after the Tenth Circuit affirmed…...
Solomon Says US Recession Risk Could Be "One Tweet Away" (1)
3+ week, 1+ day ago (118+ words) Bloomberg Law News The risk of a US recession could rise suddenly depending on how the administration reacts to the Iran war on social media, Goldman Sachs Group Inc. Chief Executive Officer David Solomon said. A larger or smaller risk…...