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Bloomberg News Now
Trump Weighs in on Proposed Deal, Futures Higher, More

Former Fed Chair Jay Powell is warning the central bank will lose the credibility it needs to support a strong, stable economy if presidents are free to fire Fed officials over policy disagreements.

Bloomberg News Now
Oil Climbs Higher, US-Iran Exchange Messages on Deal, More

Former Fed Chair Jay Powell says the U.S.

Bloomberg News Now
Gabbard Resigns Over Husband's Health, Warsh Sworn in at Fed, More

Outgoing Chair Jay Powell has decided to remain on the Board of Governors, citing ongoing legal threats against him and the central bank.

Bloomberg News Now
UAE Urges Iran Talks, Stocks on Win Streak, Consumer Record Low, More

National Economic Council Director Kevin Hassett tells CNBC he hopes Jay Powell leaves the Fed board soon so Warsh has complete control of the central bank.

Bloomberg News Now
Stocks Extend Gains, UAE Urges Diplomacy, Warsh Era Set, More

White House economic advisor Kevin Hassett told CNBC he hopes former chair Jay Powell leaves the Fed board soon so Warsh has full control.

Bloomberg News Now
Markets Close at Record Highs, Taiwan Is Top US-China Risk, More

Now that the Senate has narrowly confirmed Kevin Warsh as chair of the Fed, Warsh is also expected to be sworn in soon after outgoing chair Jay Powell's term expires tomorrow.

Bloomberg News Now
Trump: China to Buy 200 Boeing Jets, Cerebras Jumps 89% in Debut, More

Powell has said he will remain on the board.