The #FederalReserve left its benchmark #InterestRate unchanged for the 3rd straight meeting but signaled it could still cut rates in coming months, moves that attracted the most dissents since Oct 1992.

The Fed kept its short-term rate at 3.6% & retained language in its statement suggesting the next move would be a rate reduction. 3 ofcls dissented in favor of removing the reference to a future cut, while a 4th, Stephen Miran, dissented in favor of an immediate rate cut.
apnews.com/article/powell-wars…

lol

#DOJ drops criminal probe of #FederalReserve chair #JeromePowell

#USAttorney for DC #JeanninePirro said Friday that her office was ending its probe into the Fed’s building renovations because the Fed’s IG would scrutinize them instead.

The decision ends an investigation, one of several into #Trump’s perceived adversaries, that for months had failed to gain traction as prosecutors struggled to articulate a basis to suspect #criminal conduct.

#law
apnews.com/article/federal-res…

File under “sure, Jan”

#Fed Chair Nominee Asserts at Hearing He Won’t Do Trump’s Bidding

Kevin M. Warsh, Trump’s nominee for #FederalReserve chair, told senators at his confirmation hearing that #Trump had not asked him for any commitments 😉. Democrats pressed him on his #independence & details of his personal financial assets.

#economy #banking #kleptocracy #Senate #USpol
nytimes.com/live/2026/04/21/bu…

In Trump tantrum of the hour news…

#Trump Threatens to Fire Powell if He Does Not Resign From #Fed

Although #JeromePowell’s term as the #FederalReserve chair officially ends on May 15, he can stay on as a governor until 2028 & said he would not leave until a criminal investigation was over.

#law #economy #independence #RevengePolitics #AbuseOfPower #authoritarianism #USpol
nytimes.com/2026/04/15/busines…