SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " Jerome Powell " 47 found 🔀 AI-powered Shuffle
Trump economic advisor says 'it's time' for Powell to leave Fed, calls extended tenure 'unprecedented'
Kevin Hassett says Jerome Powell should leave the Federal Reserve Board, calling his continued presence "completely unprecedented" after his term ended.
The final verdict is in for the Fed's troubled renovation and Jerome Powell
The Federal Reserve's inspector general released its findings from an investigation into the cost overruns in a Fed renovation project, finding no administrative misconduct.
Powell did not break the law with expensive Fed renovations that incensed Trump, report finds
An inspector general review of the Federal Reserve’s headquarters renovation found no sign that then-Chair Jerome Powell broke the law or committed misconduct in his management of the costly project, even as it sharply criticized him and the bank’s board for allowing the price tag to balloon beyond $2 billion.
Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools
Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to deliver a broad defense of independent institutions while accepting the John F. Kennedy Profile in Courage Award in Boston
Ex-Federal Reserve chair Jerome Powell sounds alarm over political interference
Powell says central bank has been facing ‘stress test’ under Trump, as supreme court weighs decision on Fed governor that president tried to fire
Jerome Powell uses award speech to warn against political pressure on Fed, courts and schools
The award also honored residents of Minnesota's Twin Cities for their actions during a federal immigration crackdown that led to thousands of arrests and two deaths.
Graham Platner Scrutiny Exposes Democrats’ Gamble in Maine Senate Race | WSJ Politics Newsletter for June 1
Plus, Jerome Powell advocates for Fed independence, and Democrats deal with discord in California
Fed's Powell warns Trump's political 'stress test' will wreck public trust in central bank
Jerome Powell said White House pressure on the Fed will damage public trust in the U.S. central bank.
Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools
"The United States has long been the leader of the world’s freedom-seeking people — the indispensable nation," he said.
Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools
BOSTON (AP) — Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honoring his efforts to preserve the central bank’s independence.
Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools
Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to deliver a broad defense of independent institutions while accepting the John F. Kennedy Profile in Courage Award in Boston
Semiconductor decoupling. Powell's politics. Industrializing Ogaden. Free trade and the Magna Carta.
Thank you for opening your Chartbook email. Feliks Topolski, 1907-1989 8th Army’s Front, Italy 1944 Semiconductor decoupling Source: FT One thing that Jerome Powell deeply understood is that chairing the Fed under current conditions is a deeply political job. “Powell has successes and mistakes to his name. But he stands out as having thought more carefully about the Fed’s democratic legitimacy than any chair since Paul Volcker,” said Paul Tucker, a former deputy governor at the Bank of England, referring to the Fed chair who successfully fought the great inflation of the 1970s and early 1980s. … While Powell was at the Treasury in the early 1990s, he watched Alan Greenspan build relationships within the government. That convinced Powell he needed to follow the former Fed chair’s lead and spend more time in Congress than his predecessors Yellen and Bernanke. “The accountability for the Fed runs through Congress,” said Claudia Sahm, a former Fed official who is now chief economist at New Century Advisors. “That’s not just about having people on speed dial — it’s answering questions, explaining policy and getting feedback.” Source: FT Ethiopia’s PM Abiy and Nigerian business tycoon, with Chinese engineering, are driving industrialization in Ogaden/Somali region of Ethiopia. - Michael Masri’s reporting for Africa Report if fascinating. Ethiopia has launched a cluster of large industrial schemes in the Somali region, laying foundation stones for a urea plant and an oil refinery in Gode while opening the first two phases of the Ogaden LNG project. Abiy Ahmed framed the push as part of a broader strategy to link energy, agriculture and industry. “These projects embody more than industrial growth,” he said. “They represent our shared responsibility to harness opportunities, strengthen co-operation and promote peace.” The Gode urea plant, backed by Dangote Group and Ethiopian Investment Holdings (EIH), is designed for 3m tonnes a year. Dangote owns 60%, while EIH holds 40%. Officials say Dangote’s equity totals about $2.5bn, while the state provides land and implementation oversight. Gas from the Calub fields will be piped 108km to the site. Construction is slated for 40 months, with operations targeted for 2028. Ethiopia imports most of its fertiliser, spending more than $1.2bn a year for 1.5m–2m tonnes. Usage was roughly 1.7m tonnes in 2023, almost half of it urea, and demand for 2024–25 is put above 2.4m tonnes. If delivered on time, the Gode plant could cover domestic needs and allow exports to neighbours. Brook Taye, chief executive of EIH, called the venture “a significant milestone in the journey toward industrial self-sufficiency”. Dangote told the groundbreaking crowd that the complex would be integrated with gas supply and a polypropylene unit to support local inputs. He pointed to Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), with a capacity of more than 5,000MW, and noted his group’s cement operations and expansion plans. The Gode refinery is being developed by Golden Concord Group of China. It is designed to process 3.5m tonnes a year of crude and condensate from the Hilala field, with associated storage. Backers say it will ease foreign-exchange pressure from fuel imports and anchor further industrial activity, including a proposed steel smelting site in Dire Dawa. GCL’s chair, Zhu Gongshan, cast the project as “a key step in Ethiopia’s path to energy sovereignty”, underscoring the Beijing–Addis ties. Financing details are still being finalised, but the refinery is central to the government’s energy-security narrative. Source: The Africa Report Dangote’s Ethiopian vision: Dangote began with cement. His crown jewel, Dangote Cement, dominates Nigeria’s market and has 10 operations in other nations in Africa. The formula has been consistent: identify sectors with chronic shortages – cement, fertiliser, sugar – commit massive local investments, and scale up to serve regional demand. Ethiopia was a natural extension of that model. In 2015, Dangote launched the Mugher Cement Plant outside Addis Ababa at a cost of $600m, with an annual capacity of 2.5 million tonnes. The investment gave him a firm foothold in one of Africa’s fastest-growing construction markets. But success came with risks. In May 2018, violent unrest led to the killing of Dangote’s country manager and temporary shutdowns at Mugher. While other investors might have retreated, Dangote doubled down. Today, he is preparing to spend $400m to expand Mugher’s capacity to 5 million tonnes, alongside a new grinding unit near Addis Ababa. Cement is just one market Dangote is targeting. Ethiopia’s enormous state-controlled sugar industry, long plagued by inefficiency and debt, has struggled for years to reform. Its Omo Kuraz Sugar Development Project, touted as one of the continent’s largest initiatives, continues to face delays and mismanagement. … The most ambitious venture of all is the planned fertiliser production complex in Gode, Somali region. Publicised on 28 August 2025, the Dangote Group and Ethiopian Investment Holdings (EIH) deal plans one of the world’s largest single-site urea manufacturing plants. The project costs an estimated $2.5bn and has an estimated capacity of 3 million metric tonnes annually, a rate that would not only render Ethiopia independent, but even a net exporter of fertiliser. EIH, the state wealth fund of Ethiopia, will hold 40%, while 60% is held by Dangote Group. … For Dangote, Ethiopia is a trifecta: Cement demand is projected to grow by 10% annually, its sugar consumption is growing with rapid urbanisation, and fertiliser demand is all but insatiable, given that farming supports the livelihood of 70% of Ethiopians. Source: The Africa Report The stakes for Abiy are high: For Addis Ababa, the $4bn fertiliser project in Ethiopia’s Somali region is no longer simply a manufacturing investment. It is increasingly being framed as a strategic state project tied to food sovereignty, import substitution and the government’s broader attempt to build economic resilience under mounting fiscal pressure. “Becoming self-sufficient in food is our main agenda,” Abiy says during the visit. “Land is needed; we have it. Water is needed; we have it. Human resources are needed; we have it.” The scale is enormous even by African industrial standards. Once operational, the plant is expected to produce three million metric tonnes of urea annually, potentially making it one of the continent’s largest fertiliser complexes. Ethiopian officials say the project now includes a 110km gas pipeline, a 120MW power plant, a polypropylene packaging facility and a two-million-tonne NPK blending plant. For a government grappling with chronic foreign exchange shortages, ballooning import bills and pressure on agricultural productivity, the numbers matter politically as much as they do economically. The decision to anchor the project in Gode is deliberate. Long viewed as peripheral to Ethiopia’s industrial economy, the Somali region is now being repositioned by the federal government as a future irrigation and agro-industrial corridor. Officials argue that the area’s vast land reserves and access to water could eventually support large-scale commercial farming capable of reshaping Ethiopia’s food economy. The government is simultaneously building housing infrastructure for about 5,000 residents near the plant, while officials project broader industrial expansion along the corridor. Abiy goes further, comparing the long-term revenue potential of the Gode development zone with Ethiopia’s flagship state enterprise. “The investments we are making in this Gode area, combined, will generate high revenue for Ethiopia, at par with Ethiopian Airlines,” he says. Source: The Africa Report Feliks Topolski 1907-1982 Topolski’s Chronicle, ‘Nazi Revival’, Vol. 8, Is. 1-2, 1960 HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. Photo by Jakub Dziubak on Unsplash If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Grim vision of drone warfare by Sylvie Kaufmann For contributing subscribers only. Subscribe The state of the art in Colbert-studies. Jean-Baptiste Colbert was Louis XIV chief minister from 1661 to 1683 and traditionally seen as an architect of absolutism and mercantilism. Alexander Hamilton later cited him as an inspiration in 1782. Now his legacy is disputed. Daniel Dessert, the chief critic, sees Colbert as the orchestrator not so much of an absolutist state as of an elite cabal. Would be great to have a good English-language review of this important debate. Source: lhistoire Didn’t know that the Magna Carta included free trade provisions Fighting for the right to the beach in Oregon in 1967: Source: Research Gate RAF Station – British and Polish Flags, c. 1940-45, The Ingram Collection Feliks Topolski, 1907-1989 ink and wash If you’ve scrolled this far, you know you want to click: Subscribe
Powell receives an 'A' grade for handling politics as Fed chair, says Jefferies' Richard Fisher
Richard Fisher, former Dallas Fed president and Jefferies senior advisor, joins 'Closing Bell' to discuss Fed Chair Jerome Powell's tenure, the Federal Reserve going forward and much more.
Jerome Powell: Steering the US Fed through COVID-19 and political pressures
Trump’s aggressive push for interest rate cuts shaped Powell’s Fed legacy during his tumultuous leadership.
Fed's Miran hopes Powell staying at Fed is transitional
Federal Reserve Governor Stephen Miran said on Friday that he hopes current central bank Chair Jerome Powell will stay on as a governor only for a short period of time.
US attorney doesn’t rule out continuing to investigate Federal Reserve Chair Powell
US Attorney for the District of Columbia Jeanine Pirro said Sunday that she may reopen a criminal investigation into Federal Reserve Chair Jerome Powell, depending on what an inspector general’s probe uncovers over building renovations at the Federal Reserve.
How Trump’s crusade against Jerome Powell backfired
One of the biggest questions about President Donald Trump’s retribution crusade is how much of it is driven by strategy — i.e. making cautionary tales out of his foes — and how much if it is driven by personal grievance and pique.
Federal Reserve leaves interest rates unchanged as Powell's chairmanship nears end
Federal Reserve policymakers left interest rates unchanged in April amid concerns about elevated inflation and as Fed Chair Jerome Powell's term as central bank chairman draws to a close.
Kevin Warsh moves one step closer to becoming next Fed chair
Kevin Warsh moves closer to replacing Jerome Powell as Fed chair after the Senate Banking Committee voted to advance his nomination to the full Senate.
Trump wants to turn Fed into another 'political animal': Sen. Warren
The Senate Banking Committee will vote on Wednesday, April 29, over whether to confirm Kevin Warsh's nomination as the next chair of the Federal Reserve. This comes on the same day as Jerome Powell's last FOMC meeting as the head of the US central bank. Senator Elizabeth Warren (D-Ma.) — the ranking member of the Senate Banking Committee — speaks with Yahoo Finance Senior Fed Reporter Jennifer Schonberger about her questioning of Warsh, the likelihood that Powell will stay on the Fed's Board of Governors, and her perspective on President Trump's economic agenda.
Tillis drops Fed nominee block after DOJ ends probe
The Justice Department had previously been looking into Fed Chair Jerome Powell
Jeanine Pirro drops criminal probe of Jerome Powell
US Attorney for DC Jeanine Pirro said Friday she is closing the criminal probe of Federal Reserve Chair Jerome Powell.
Trump’s Federal Reserve chair pick to face lawmakers at key confirmation hearing
The hearing marks a key hurdle Kevin Warsh must overcome in order to succeed Jerome Powell when his term ends on 15 May
Trump threatens to fire Powell, blasts Fed leadership as ‘incompetent’
Trump backs Kevin Warsh to lead the Fed as he threatens to fire Jerome Powell and blasts the central bank’s leadership as “incompetent."
Federal Reserve battle heats up as Warsh hearing stalls ahead of Powell deadline
Sen. Tim Scott, R-S.C., joins 'Mornings with Maria' to discuss delays in Kevin Warsh’s Federal Reserve confirmation hearing, Jerome Powell’s future, and the fight to pass the CLARITY Act.
Fed’s Powell Lauds Volcker Record in Face of Political Pressure
Federal Reserve Chair Jerome Powell on Saturday lauded the policy record of the late Fed Chair Paul Volcker, who raised interest rates and sparked a recession to tame the high inflation that took off during the 1970s.
Justice Department probe of Powell could backfire on Trump and keep Fed chair in office
President Donald Trump has for months wanted to remove Jerome Powell as chair of the Federal Reserve. But instead, an investigation by one of his own officials could end up extending Powell's time at the top of the central bank even after his term formally ends May 15.
Federal judge quashes Justice Department subpoenas of Fed Chair Jerome Powell
A federal judge has quashed subpoenas the Justice Department had issued against Federal Reserve Chair Jerome Powell, according to court documents unsealed Friday.
Man charged with threatening Trump and Democratic representative Swalwell
Diego Villavicencio also made violent threats against an unnamed individual, who appears to be Jerome Powell
Trump nominates Kevin Warsh to succeed Jerome Powell as Federal Reserve chair
The new Federal Reserve chair will step in as the world’s most powerful central bank faces scrutiny over interest rates and rising prices affecting Americans.
Trump reveals when he will announce the next Fed chair
President Trump says he'll announce Jerome Powell's replacement as Federal Reserve chair Friday morning, escalating his ongoing criticism of monetary policy decisions.
Will the Supreme Court let Trump take control of the Fed?
Days after the revelation that the Justice Department is investigating Federal Reserve Chair Jerome Powell, the Supreme Court will debate President Trump’s ability to remove the Fed’s board members.
President Trump says his power in the US is 'limited by my morality'
President Trump discussed his "morality," Iran and the DOJ's investigation of Jerome Powell in an interview with CBS Evening News.
Frustration mounts inside White House over Pirro’s handling of Powell investigation
White House officials are heaping blame on DC US Attorney Jeanine Pirro over her office’s criminal investigation into Fed Chair Jerome Powell, faulting her for blindsiding them with an inquiry that has forced the administration into a dayslong damage control campaign, four people familiar with the matter told CNN.
Live updates: Trump speaks about US economy in Detroit
President Donald Trump will address the Detroit Economic Club as his justice department investigates Federal Reserve chair Jerome Powell.
Bessent unhappy with criminal investigation of Fed Chair Jerome Powell
Treasury Secretary Scott Bessent has told people that he is unhappy with the decision to criminally investigate Fed Chair Jerome Powell, a source with knowledge of the matter told CNN.
DOJ investigation of Powell sparks backlash, support for Fed independence
The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell, which Powell said was an attempt to exert more control over the Fed.
Dollar weakens after US prosecutors launch criminal investigation into Federal Reserve chair Jerome Powell
Rolling coverage of the latest economic and financial news
Federal Reserve Chair Powell under criminal investigation over HQ renovation, report
U.S. prosecutors investigate whether Fed Chair Jerome Powell allegedly mischaracterized renovation details during Senate Banking Committee appearances.
Trump says he'd still like to fire Jerome Powell
Trump also said he would be launching a "gross incompetence lawsuit" against the Fed chair.
Trump says he might sue Fed Chair Jerome Powell for ‘gross incompetence’
It isn’t clear what specific claims could be brought against Powell or when.
Fed meeting updates: Federal Reserve to decide on interest rate cut at final 2025 meeting
The Federal Reserve is nearing a decision on interest rates. Jerome Powell could announce a third consecutive rate cut at December's Fed meeting.
The Fed could cut interest rates tomorrow — here's how it would hit your wallet
Jerome Powell will soon announce the next Fed decision on a potential interest rate cut. The Fed is missing key economic data on jobs and inflation.