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Trump appoints Kevin Warsh as Fed Chair
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The Federal Reserve Board on Wednesday finalized the hypothetical scenarios for its annual stress test, which helps ensure that large banks can continue to lend to households and businesses even in a severe recession.
President Trump has nominated Kevin Warsh to succeed Jerome Powell as Federal Reserve Board chair when Powell's term expires in May. The president made the announcement in a post on his Truth Social platform on January 30. Warsh previously served as a member of the Federal Reserve Board of Governors from 2006 to 2011.
Could bounced checks be a thing of the past? Fed seeks public input on ending paper check processing
The Federal Reserve Board has announced that it is formally exploring significant changes to its check-processing services, including the possibility of ending them entirely. In a press release published in December, the central bank’s board cited a ...