Jonnelle Marte

The Senate narrowly confirmed Kevin Warsh as chair of the Federal Reserve, setting up a controversial leadership transition at the U.S. central bank.

Federal Reserve Bank of Philadelphia President Anna Paulson said she favored holding interest rates steady and conditioned lower borrowing costs on making sustained progress on inflation.

Kevin Warsh has vowed to usher in “regime change” as the new chair of the Federal Reserve, but Fed watchers say there are limits to how much he can revamp on his own — and that even in areas where he can make sweeping reform, it might be smarter for him to hold back.

(Bloomberg) -- Kevin Warsh has vowed to usher in “regime change” as the new chair of the Federal Reserve, but Fed watchers say there are limits to

(Bloomberg) -- Kevin Warsh has vowed to usher in “regime change” as the new chair of the Federal Reserve, but Fed watchers say there are limits to

Federal Reserve Bank of St. Louis President Alberto Musalem said policymakers cannot depend on a potential productivity boom from artificial intelligence to ease elevated inflation.

Federal Reserve Bank of Cleveland President Beth Hammack said it’s reasonable to hold interest rates steady for now given uncertainties about the economic outlook, but officials may need to act soon to address elevated inflation.

The Federal Reserve Bank of Atlanta has resumed its search for a new president following the arrival of Kevin Warsh, allowing the new Fed chairman to have a say in the selection of a key official who will vote on interest rates in 2027.

Affluent newcomers are reshaping places like Nashville and Atlanta, boosting local economies but straining the budgets of longtime residents.

The external advisers Federal Reserve Chairman Kevin Warsh tapped to lead the central bank’s five new task forces lend credibility to his efforts to rethink how the institution communicates and implements policy, according to economists and analysts who follow the Fed closely.